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Certainly one of the top bicycle component makers in the 1940s & 50s.  
 Updated 5.26.2013       

State-of-the-art crank set

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Walter Lai pic
from BicycleSpecialities site

    ad from 1950s

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 Double sided hub.

 

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A pair of hubs, circa 1940s, as seen on eBay by seller 8leicester

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