Lowy Watch Co., Melbourne, Australia
I am not 100% yet and will update this page as soon as I have more information

Lowy Watch Co. 17Jewels A.Schild Caliber AS 1187,
Watch Diameter is 31 mm without crown
bought 2006 from a friend in Washington D.C.
Front Back Case back open Lowy Watch Co Back (Story) Wrist

Lowy Watch Co.
All I have found on the internet is that a certain Mr. Lowy was a watchmaker and curator of the Museum Victora (Melbourne, Australia). As soon as I have more information or as soon as the link between my Lowy Watch Co. watch and Mr. Joseph Lowy is confirmed, I will update this page.
The watch movement is from A. Schild, that is not surprising given the fact that ASSA was one of the busiest Swiss movement supplier in the 50ies. According to Dr. Ranfft's fantastic movement database the movement was released in ca. 1945, is 10.5 ligne (23.3 mm)  only 4.9 mm high and beats with 18'000 beats per hour (bph).
The watch case is stamped LES FILS DE P. BOURQUARD. Which translatses to "Sons of P. Bourquard" which is in my eyes the French version of the Basel last name Burkhardt (there are at least 4 ways of writing this last name in Basel, that shows how popular it was).

Joseph Lowy, watchmaker and
honorary curator of horology
1953-1979 in his shop
(picture is linked from http://www.museum.vic.gov.au/history/images/mm008118.jpg