Small subsidiaries of Struma river form the water resources of the region.

Texaco and subsidiaries of Exxon, Amoco and Norsk Hydro, a Norwegian concern, have formed a company to explore and develop oilfields in a remote area of Siberia.

It was founded in 1999, with subsidiaries later formed in Singapore and Malaysia and an office in Beijing.

In the 1960s Johnson Matthey formed a subsidiary, Johnson Matthey Bankers (JMB), which took its seat in the London Gold Fixing.

This subsidiary has formed a joint venture, KK Lodgit, with KK Security, one of Africa's largest security companies.

It was established in 1929, when Abraham & Straus and F&R Lazarus & Company and its subsidiary, Shillito's, banded together to form a holding company.

In 1986, Argentine and Brazilian subsidiaries of Volkswagen and Ford formed the Autolatina joint venture, leading to a series of badge engineered cars.

In addition to the joint ventures in Britain, a French subsidiary of G.E. will form a joint venture with G.E.C.'s power systems group.

The 1968 Act also nationalised bus operation in Scotland, where subsidiaries formed the Scottish Bus Group.

What the company books did not reveal was that a subsidiary had also been formed in 1982, but not incorporated.