DOCSLIB.ORG

Annual Report 2017 2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2017 2 www.fhs.swiss Annual Report 2017 1 FH Annual Report 2017 2 ISSN 1421-7384 The annual report is also available in French and German in paper or electronic format, upon request. © Fédération de l’industrie horlogère suisse FH, 2018 3 Table of contents The word of the President 4 Highlights of 2017 6 Swiss made – Entry into force of the revised ordinance 8 Commitment on every front – To secure favourable background conditions 9 ISO/TC 114 Congress - Watch industry – Biennial meeting 12 Swiss made – Ongoing fight against infringements 14 Panorama of the 2017 activities 16 Improvement of framework conditions 18 Information and public relations 24 The fight against counterfeiting 28 Standardisation 35 Legal, economic and commercial services 36 Relations with the authorities and economic circles 37 FH centres abroad 39 The Swiss watch industry in 2017 40 Watch industry statistics 42 Structure of the FH in 2017 46 The FH in 2017 48 The General Meeting 49 The Board 50 The Bureau and Commissions 51 The Departments and the Services 52 The network of partners 53 The word of 5 the President At the end of 2016, we The fi nancial year under review also saw the ISO Congress in announced that our exports early September in Hong Kong. ISO norms play a welcome role would probably stabilise in of predictability and standardization. Firstly, they make compa- 2017. That scenario has nies’ work easier by establishing a recognised basis. Secondly, materialized faster and they contribute to the harmonisation of technical rules at global even more strongly than level, so facilitating free trade. predicted. Growth is back at a rate of 2.7% with the Supervision of legislation and improvement of the framework value of watch industry conditions worldwide, including the free trade agreements, exports representing CHF remain priorities for the FH. In addition, new rules appear at 19.9 billion. Admittedly, very regular intervals and must be analysed to measure their not everybody has benefi - potential impact on our branch. 2017 lived up to this tradition: ted from this trend as yet, marking of precious metals in Russia, new certifi cation in South especially sub-contractors Korea, disposal of electrical waste in the United Arab Emirates, and situations may differ introduction of the GST in India, attestations required in Egypt. widely from one Swiss company to another. However, these developments did give us grounds for cautious optimism at Perusal of this annual report for 2017 will enable you to discover the start of 2018 and we expect this positive trend to continue. all this information and much more besides. Our report refl ects the extensive activity pursued by the FH for the benefi t of its 2017 saw the implementation of the revised “Swiss made” members and for the whole industry. Our aim remains that of label. On the whole, the adaptation went ahead relatively smoo- promoting the development of our branch in Switzerland and thly. However, this review is still coming in for criticism: some all over the world to enable the Swiss horological industry to companies believe it is too stringent and others not stringent maintain its leadership. enough. The margin for manoeuvre between divergent opinions within the branch, the WTO rules and free trade agreements was in any case narrow. It was not possible to do more and doing less would have lacked credibility. Work also focused on Jean-Daniel Pasche interpretation of the text showing how the 60% rate is to be calculated and on the publication of the list of materials that are not available in suffi cient quantities in Switzerland. The FH is already taking very active measures to prevent unlawful use of the “Swiss Made” designation. However, it intends to strengthen its inspection mission further, especially when the transitional measure expires at the end of 2018. As part of the fi ght against counterfeiting, the FH has arranged for nearly two million copies of Swiss watches to be impounded all over the world; that number of products making unauthorized use of “Swiss made” have been taken out of circulation. Highlights 7 of 2017 The start of the year 2017 saw the successful conclusion of an important matter on which the FH had been working for more than ten years, namely the entry into force of the new Swiss made ordinance. This revised text now guarantees con- sumers a minimum of 60% Swiss added value for the watch head. The new Swiss made defi nition is synonymous with a stronger fi ght against counterfeiting and support given to the different agencies, authorities and States that are combating this threat. In 2017 the FH redoubled its efforts in this area on many fronts. In parallel, Switzerland and China opened discussions leading up to a review of the free trade agreement signed in 2014. The FH took part in this work which prioritizes the renegotiation of customs duties. Last but not least, the biennial ISO/TC 114 Congress was also held in 2017. This meeting of seven national delegations brought signifi cant progress on several projects concerning standardization in the watch industry. 8 Swiss made Entry into force of the revised ordinance A famous German adage has it that “all good things take time”. This is particularly true of the Swissness legislation whose origins date back to 2006. That was the year in which the Swiss Parliament adopted the two Fetz and Hutter Postulates which instructed the Federal Council to examine legislative measures that might be taken to strengthen and better pro- tect the “Swiss” indication of origin. On 2 September 2015, after lengthy discussion in several committees of the two Chambers and tough political debates, the Federal Coun- cil fi nally adopted the legislative package and decided that it would enter into force on 1 January 2017. In parallel, it opened the consultation procedure on the draft Swiss made ordinance for watches. Following the rejection of a motion by the National Council and the withdrawal of another by its own author, the new Swissness legislation, including the Swiss made ordinance for timepieces, came into force in early 2017 and is no longer under any further political threat from 1 January 2019, technical development and prototyping or contestation at present. of the timepiece and of its movement will also have to be performed in Switzerland. These new criteria supplement Swissness takes account of the fact that most Swiss products those already stipulated in the previous law, namely casing enjoy an excellent reputation all over the world and therefore up of the movement in Switzerland and fi nal inspection of command higher prices than comparable products manufac- the watch on Swiss soil. tured abroad or of unknown origin. Scientifi c studies show that this Swiss added value may represent on average 20% In order to support the FH members and other stakeholders in and up to 50% for luxury products (consumers in some the Swiss watch industry with the application and interpreta- countries are even willing to pay a 100% supplement for a tion of the new rules, the FH has published a Swissness guide. genuine Swiss watch!). Swissness has also brought essential This guide permits a better understanding of the details of the clarity in respect of the legal requirements by stipulating, in new rules used to calculate the cost price which were intro- the case of industrial products, a minimum unifi ed rate of duced with the new legislation. Moreover, the FH has been 60% of the cost price which must be generated in Switzer- urged by its members and the parties involved in the watch- land. This fi gure is made up of research and development making world, to provide information about Swissness. Its legal costs, expenditure on materials and manufacturing costs, i.e. experts have answered hundreds of e-mails and organised all of the expenditure incurred directly in the manufacture of several dozen meetings to assist the industry with implemen- a product, but excluding natural products and raw materials tation of the rules. In parallel, the FH has also begun to draw that are not available in Switzerland. Costs that are not directly up opinions on matters of interpretation which were left open related to the manufacture of a product, such as marketing in the legal texts. These questions concern such matters as and distribution expenses, are also excluded. the defi nition of the Swiss watch case or the possibility of excluding materials that are not available in Switzerland but From the point of view of the watch industry, the strength- are essential to the product design. These materials are now ening is palpable considering that the former Swiss made centralised in a branch list drawn up by the FH and available ordinance for watches dating back to 1971 and revised in for consultation by everyone on its website. Proactive man- 1995 laid down no value criterion for the fi nished product. agement of this list gives businesses a clear insight into the In this regard, it simply required the use of a movement possibility of excluding the cost of certain materials. in which Swiss manufacture accounted for not less than 50% of the value of all the component parts excluding the In 2017, the FH used its best endeavours to ensure a smooth assembly cost. No account was taken at that time of the transition to the new rules and to support the Swiss watch exterior parts. By requiring a 60% rate of the cost price of industry with their correct application. The ultimate objective the entire watch head, the revised ordinance now guaran- is still to preserve the excellence of the Swiss made label for tees a clear Swiss added value for the consumer.
Load more

Recommended publications
  • Evolution Through Creating Unique Value Proposition
    Rochester Institute of Technology RIT Scholar Works Theses Thesis/Dissertation Collections 4-19-2015 Evolution through Creating Unique Value Proposition: The aC se of the Business Transformation and Value Proposition Development of Swiss Watchmaking Industry Domagoj Pavlek [email protected] Follow this and additional works at: http://scholarworks.rit.edu/theses Recommended Citation Pavlek, Domagoj, "Evolution through Creating Unique Value Proposition: The asC e of the Business Transformation and Value Proposition Development of Swiss Watchmaking Industry" (2015). Thesis. Rochester Institute of Technology. Accessed from This Master's Project is brought to you for free and open access by the Thesis/Dissertation Collections at RIT Scholar Works. It has been accepted for inclusion in Theses by an authorized administrator of RIT Scholar Works. For more information, please contact [email protected]. Running head: SWISS WATCHMAKING VALUE PROPOSITION 1 Evolution through Creating Unique Value Proposition: The Case of the Business Transformation and Value Proposition Development of Swiss Watchmaking Industry By Domagoj Pavlek A Capstone Project Submitted in Partial Fulfillment of the Requirements for the Degree of Master of Science in Service Leadership and Innovation Department of Service Systems College of Applied Science and Technology Rochester Institute of Technology-Croatia Zagreb, Croatia April 19, 2015 SWISS WATCHMAKING VALUE PROPOSITION 2 Committee Approval: Jennifer Matic Date Capstone Advisor SWISS WATCHMAKING VALUE PROPOSITION 3 Abstract The project aims to determine how mature, re-identified and transformed industries that have appeared again, consequently create new value proposition on the market rather than simply restore old market positions and offerings. This study examines the case of the Swiss watchmaking as an industry that had gone through turmoil and cycles of re-development and explores content of various sources which can legitimize its changed identity and transformed business model.
    [Show full text]
  • Horologicaltm TIMES February 2003
    HoROLOGICALTM TIMES February 2003 American Watchmakers-Clockmakers Institute ~ DOUBLE FLANGE Plastic Envelope MASTER ASSORTMEN't~"""""'==... Holder '*Esfuger &CO ;;;;;;;;;;;;;;;;;;;;;;?~t;;OI~;IJI~ DoubleMaster Flange ~~ Assortment ~::; #82.2006 This new envelope • 36 different sizes holder keeps your repair and • Includes 1.3, 1.5, 1.8 dia. storage envelopes organized and ready for quick retrieval and identification. Made of clear acrylic with Combines a full range of sizes, three dividers to hold envelopes in order. Measures 6mm to 24mm, in three thickness- 105/s" X 33/s" X 3'h". 0 1.30mm, 1.50mm, 1.80mm. In a hinged plastic box. Refills available. (Reg. Price $65.00) PLAIN Job Envelopes Heavy Duty • Helps Protect Jobs' SHORT-END 3-1/8" X 5-1/2" Buckle Spring Bars Very handy to have and can be rubber stamped with your name & address. Identifies your work when you send ~ Es<;l lJ ~r &Co. sample orders to your supplier SHORT-END BuCKlE SPRING BAR and helps prevent misdirected orders. All have gummed flaps. ASSORTMENT 0 82.100 Brown #61.114 • White #61.116 SJ35o SJJOOO s24oo Box of 500 Lots of 5000 2 Boxes (1 000) • Contains 100 pieces • 10 different sizes (Reg. Price $22.50) A very popular selection of spring bars Watch & designed to fit foldover buckles on Seiko, Citizen and others. The BESTFIT Supplied in a handy, ten bottle assortment box. Jewelry Repair Watch and Jewelry Repair Record Book Record Book SUPER-THIN Stainless Steel * Complete Information: • Name & address of owner • Tag & record number Spring Bar Assorbnent • Dates: received -repaired- delivered ·-:~~~~~11 450 Pieces- ONLY 1.2JDJD THICK! • Received by- Delivered to • Complete description: Case- Case#, Movement# -Markings • Repairs made -Charges - Special information '* E.'i'ilir~'t'r & c:c .>.
    [Show full text]
  • Press Release
    Press release Zurich/Geneva, 17 April 2019 Global Powers of Luxury Goods: Swiss luxury companies are taking the digital path to accelerate growth • The sales of the world’s Top 100 luxury goods companies grew by 11% and generated aggregated revenues of USD 247 billion in fiscal year 2017 • Richemont, Swatch Group and Rolex remain in the top league of Deloitte’s Global Powers of Luxury Goods ranking • All Swiss companies in the Top 100 returned to growth in FY2017, but with only 8% increase, they lagged behind the whole market for the third time in a row • Luxury goods companies are making significant investments in digital marketing and the use of social media to engage their customers Despite the recent slowdown of economic growth in major markets including China, the Eurozone and the US, the luxury goods market looks positive. In FY2017, the world’s Top 100 luxury goods companies generated aggregated revenues of USD 247 billion, representing composite sales growth of 10.8%, according to Deloitte’s 2019 edition of Global Powers of Luxury Goods. For comparison, in FY2016 sales were USD 217 billion and annual sales growth was as low as 1.0%. Three-fourth of the companies (76%) reported growth in their luxury sales in FY2017, with nearly half of these recording double-digit year-on-year growth. Switzerland and Hong Kong prevail in the luxury watches sector Looking at product sectors, clothing and footwear dominated again in FY2017, with a total of 38 companies. The multiple luxury goods sector represented the largest sales share (30.8%), narrowly followed by jewellery and watches (29.6%).
    [Show full text]
  • The Deloitte Swiss Watch Industry Study 2020 an Accelerated Transformation the Deloitte Swiss Watch Industry Study 2020 | an Accelerated Transformation
    The Deloitte Swiss Watch Industry Study 2020 An accelerated transformation The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation About the study This report is the seventh edition of the Deloitte study on the Swiss watch industry. It is based on an online survey and interviews conducted between mid-August and mid-September 2020 with 55 senior executives in the watch industry. The study is also based on an online survey of 5,800 consumers in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. The year 2020 marks 175 years of Deloitte making an impact that matters. Today Deloitte is a thriving global organisation, which has grown to more than 300,000 people proudly carrying forth a legacy of connection and collaboration. We’re not trusted because we’ve existed for 175 years. We’ve existed for 175 years because we’re trustworthy. That’s our legacy. That’s our future. 02 The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation Contents 1. Key findings 04 2. Industry overview 05 2.1 COVID-19: Unexpected and unprecedented 05 2.2 Quartz watches: Continuing drop in exports and sales 07 2.3 China: Key for recovery and growth 09 3. Looking ahead 11 3.1 Beyond the pandemic 11 3.2 The Far East and high-end are vital for growth 12 4. Challenges remain 13 4.1 External risks: Protests and politics 13 4.2 Smartwatches: Industry missed the boat 14 5. Business strategies 18 5.1 Digitalising for a ’consumer first’ world 18 5.2 The pre-owned market heats up 23 5.3 Sustainability: The future is green 25 6.
    [Show full text]
  • The Case of Switzerland and the World Watch Industry *
    469 Technological discontinuities and flexible production networks: The case of Switzerland and the world watch industry * Amy Glasmeier tain and augment their competitiveness in a global Unrr~rs~t~of Texas at Austin, Texas, USA economy. On the eve of the electronics revolution, the Swiss watch production system, centered in the mountainous Jura region, was flexible, cost The twentieth-century history of the Swiss watch industry effective, and extremely profitable. Both horizon- illustrates how cultures and industrial production systems ex- tally and vertically disintegrated, the Swiss system perience great difficulty adapting to external change at differ- offered enormous variety while maintaining qual- ent points in time. The current emphasis on production net- ity and timeliness of delivery. “The multiplicity of works - unique reservoirs of potential technological innovation realized through cooperation rather than competition among enterprises, and the competition and emulation firms - lacks a detailed appreciation of historic networks, and that characterized the industry, yielded a product in particular their fragile character in times of economic of superior quality known the world over for high turmoil. While networks can and do promote innovation within fashion, design, and precision” [21, p. 481. an existing technological framework, historical experience sug- Beginning in the 1970s when foreign competi- gests their fragmented, atomistic structure is subject to dis- organization and disintegration during periods of technological tion hurdled technological frontiers in watch change. An exclusive focus on “production” ignores other movements, advancing from mechanical to elec- constraints that are powerful forces governing the reaction tric, electronic, digital and finally quartz technol- abilities of regions. Previous research has largely relied on a ogy, the Jura’s undisputed dominance ended.
    [Show full text]
  • Annual Report / 2016 > 163 > Financial Statements
    SWATCH GROUP / ANNUAL REPORT / 2016 > 163 > FINANCIAL STATEMENTS NICO (9) FINANCIAL STATEMENTS 2016 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS OF THE SWATCH GROUP LTD > 164 SWATCH GROUP / ANNUAL REPORT / 2016 > FINANCIAL STATEMENTS > TABLE OF CONTENTS Consolidated financial statements 164–215 Financial review 165 Consolidated income statement 171 Consolidated balance sheet 172 Consolidated statement of cash flows 174 Consolidated statement of changes in equity 175 Notes to the consolidated financial statements 176–211 1. General information 176 2. Summary of significant accounting policies 176 3. Financial risk management 183 4. Segment information 184 5. Revenues and expenses 187 6. Income taxes 188 7. Earnings per share 190 8. Dividends paid and proposed 190 9. Cash and cash equivalents 191 10. Marketable securities and derivative financial instruments 191 11. Trade receivables 192 12. Other current assets 192 13. Inventories 193 14. Prepayments and accrued income 193 15. Property, plant and equipment 194 16. Intangible assets 195 17. Investments in associates and joint ventures 196 18. Business combinations 196 19. Other non-current assets 198 20. Financial debts and derivative financial instruments 199 21. Other liabilities 199 22. Accrued expenses 200 23. Provisions 200 24. Retirement benefit obligations 201 25. Commitments and contingencies 202 26. Share capital and reserves 203 27. Acquired goodwill 204 28. Details to the consolidated statement of cash flows 205 29. Employee stock option plan 205 30. Related party transactions
    [Show full text]
  • Annual Report 2014 2014 Annual Report Annual
    www.fhs.ch Annual Report 2014 2014 Annual Report 1 FH Annual Report 2014 2 ISSN 1421-7384 The annual report is also available in French and German in paper or electronic format, upon request. © Fédération de l’industrie horlogère suisse FH, 2015 3 Table of contents The word of the President 4 Highlights of 2014 6 Swiss made - Swissness – Enforcement ordinances take centre stage 8 Revision of the law on cartels – Back to square one! 10 150 years of friendship – Think Time in Tokyo 11 Panorama of the 2014 activities 14 Improvement of framework conditions 16 Information and public relations 19 The fight against counterfeiting 22 Standardisation 28 Legal, economic and commercial services 29 Relations with the authorities and economic circles 30 FH centres abroad 31 The Swiss watch industry in 2014 32 Watch industry statistics 34 Structure of the FH in 2014 38 The FH in 2014 40 The General Meeting 41 The Board 42 The Bureau and Commissions 43 The Departments and the Services 44 The network of partners 45 The word of 5 the President The year 2014 was pos- From a Swiss perspective, the past year was marked by the itive overall for the Swiss refusal of Parliament to revise the law on cartels. The FH lob- watch industry. Exports bied actively on this issue to preserve distribution agreements. totalled 22.2 billion francs, Whereas the project planned initially to show greater regard for an increase of 1.9% com- the economic benefit of vertical agreements, which in particu- pared to 2013. It is pleasing lar help to optimise the distribution chain, the Federal Council to note that volumes, too, suddenly did a U-turn.
    [Show full text]
  • Business Networking in the Swatch Group
    SPECIAL SECTION: ELECTRONIC COMMERCE AND LOGISTICS , g A b s t r a c t n i Business Networking in the Swatch k r o As part of ’The Swatch Group’ ETA SA w t supplies watch movements and spare Group e n n g s parts to all Swatch brands and other i s s e e n customers such as retailers and watch- d i s e ¨ r RAINER ALT, HUBERT OSTERLE, CHRISTIAN REICHMAYR AND u makers. To improve the quality and the l b e , RUDOLF ZURMU¨ HLEN n t efficiency of the customer relationships n n a e h ETA started a Business Networking pro- m c e g n ject in cooperation with the University a o i n t a of St Gallen. This project focused on u b m i r the complementary application of two n t i s i a Business Networking strategies that are d h c , l e usually treated separately: supply chain y l d p o p management and electronic commerce m u s e (e-commerce). Both concepts allow for , c e n c e r establishing direct relationships to the r e e f m customers. Supply chain management e r m o s enables direct deliveries to the custo- c n o c i i mers at lower costs and improved t n a r o r reliability. E-commerce provides centra- e t p c o e lized catalogues and order entry proce- l n e i : a dures with significant advantages in s ESSENCE AND RELEVANCE OF Networking.
    [Show full text]
  • Precision Industry Cluster
    Precision industry cluster Facts and figures Leading companies Technology transfer Research and development Education Official bodies and associations Networking and trade fairs Our services Facts and fi gures: precision industry in Switzerland Facts and fi gures: precision industry in the Canton of Bern Swiss precision industry includes machine-building, electrical Precision industry in Switzerland The long tradition in the watchmaking industry has driven forward The Federal Institute of Metrology and the offi cialSwiss Chrono- industry and metal industry (MEM) and the watchmaking industry. know-how used in precision industry work. It is a major advantage meter Testing Institute have their head offi ces in the Canton of Bern. Share in Swiss Number of Number of It is characterised by a large number of SMEs that perform at the value added employees companies for the successful development of precision industry in the Canton of The Federation of the Swiss Watch Industry has its head offi ce in top level in the world market. As part of this, nanotechnology is Bern. Many well-known watch manufacturers are benefi ting from the Biel. The Swissmechanic federation, uniting SME employers, profes- opening up new opportunities for traditional microengineering and MEM industry 9 % 358,400 14,500 close proximity of suppliers in the Jura region. The supplier industry has sionals and specialists, has representative sections in Biel and Bern. electrical engineering, and in surface treatments. In Switzerland, Watchmaking 8.5 % 59,100 650 developed strongly and diversifi ed. Its businesses are not only working around 358,000 people work in precision industry and around industry in the watchmaking industry, but also in automotive engineering, med- Precision industry in the Canton of Bern 14,500 companies operate in this area of industry.
    [Show full text]
  • Rolex and Golf Information Sheet
    ROLEX AND GOLF Perpetual Excellence For more than a century, Rolex’s quest for excellence through continuous improvement and innovation has underpinned all of the company’s activities – in its watchmaking and all its engagements. As part of Perpetual Excellence, Rolex seeks partnerships with individuals and organizations in the arts and in sport who set the highest standards of performance. Note Please note that the following is generic information in line with the “traditional” calendar. However, given the extraordinary circumstances that have impacted the world, the dates of some of these events are likely to change in 2021. ROLEX AND GOLF Rolex supports the most prestigious events, players and organizations in golf and encourages the development of the game worldwide. Its contribution to excellence in the sport is based on a rich heritage stretching back more than 50 years. Rolex champions both innovation and respect for the spirit of the ancient game. AT THE HEART OF THE GAME Rolex is a leading supporter of golf, with its universal commitment across the men’s and women’s game and from amateur through to senior ranks. The Swiss watch brand partners the principal professional tournaments and tours in golf, including four Majors in men’s golf that constitute the pinnacle of achievement for the world’s best players each year: • the Masters Tournament at Augusta National Golf Club (United States) in April; • the PGA Championship in May; • the U.S. Open in June; • The Open in the United Kingdom in July. This support extends to all five Majors in women’s golf.
    [Show full text]
  • New Twenty~4 Models Is Accompanied by a Digital Communication Campaign Addressing Modern Women Sure of Their Taste, with an Affinity for Beauty and Fine Design
    Press release Patek Philippe, Geneva October 2020 A new face for the Twenty~4, the Patek Philippe ladies’ watch born to accompany every moment of the modern woman’s life The manufacture is stepping up the allure of its Twenty~4 collection exclusively for women with a fresh interpretation of the original “manchette” or cuff-style quartz model in steel of 1999. It is launching two new versions adorned with white-gold applied Arabic numerals and white-gold applied trapeze-shaped hour markers. Designed as stylish companions to every facet of an active lifestyle, these Twenty~4 references 4910/1200A- 001 with a blue sunburst dial and 4910/1200A-010 with a gray sunburst dial stand out more than ever as paragons of timeless feminine elegance. Since 1839, timepieces for women have always featured prominently in Patek Philippe’s collections – whether as the pocket watches or pendant watches of the nineteenth century or the wristwatches that first emerged in the early twentieth century. Several milestones in the manufacture’s history also relate to watches destined for women, such as the first true wristwatch made in Switzerland, created for a Hungarian countess in 1868, and the Geneva company’s very first striking wristwatch, a five-minute repeater housed in a small platinum case with an integrated chain bracelet in 1916. A modern classic In 1999, Patek Philippe strengthened its privileged links with feminine watch lovers by launching its first collection dedicated exclusively to women. The aim was to meet the demands of the independent active woman who sought a timepiece with an assertive personality able to adapt to her modern lifestyle.
    [Show full text]
  • Jerry Says “Eureka!”
    APRIL 2016 VOL. 35, NO. 9 Meeting Minutes, March 4, 2016 “Short Model” needs an open face to see This Month JERRY SAYS, the balance inside. GETTING Also there is a German “Long Move- SHELLAC’D AND “EUREKA!” ment”, the Cromwellian, and it was the most expensive case. A good selling SWINGING Our mart started at 7:00 p.m. and our point was it runs for 3 years on 1-1/2 ANSONIA! meeting was called to order by Secre- volts, such as one ‘D’ cell battery, but the Ok... We are not breaking out the booze tary Phyllis Adams. There was a cor- clocks did not keep good time. Some and getting shellacked, but this month, we rection to last month’s minutes: Cora have ball bearings that can be seen do have a real treat. Our “Beginner’s Cor- Lee Linkenhoker brought the refresh- through a glass disk. ments. Health & Welfare: It was re- ner” will be much more than just a Jerry’s third clock was a 1950 “Beginner’s Corner!” Larry Squires will ported that our former member, Leon “Forestville” 110 volt – called a Coufel, is working on clocks in Bishop be giving a short and very informative “tableburner” because of overheating. A presentation on the restoration of an An- and is doing very well there. We wish battery version was created later. At Del him all the best. sonia swinger. In this case, the metal can Mar, he bought a clock in a similar style holding the movement was reproduced Old Business: We have not scheduled to a 400 day.
    [Show full text]