Untitled

Press, Volume LIV, Issue 16408, 31 December 1918, Page 8

At the last annual meeting of 1 Ltd., the great. armament firm (held in October), it was reported that the " output for the preceding year had J;i amounted in value to £25,000,000. The & profits paid out to shareholders totalled £870,000, equal to 31 per cent, on the $ turnover for the year. It was explained that this comparatively low-percen-tago. was due to the accounting ; systom % necessary under the Acits controlling the company, and was really the reflection of the profits made in the preceding thrco yeare. Mr Douglas Vickers, chair- x. man, said the firm was likely to re- '/ r main an armament firm after the war. It would still be necessary to cnforco iftho will of-the majority, whether they remained separate States or joined a '® League of Nations. There voulii bo enormous problems of construction, f| which would keep every form of engineering fully employed. There would §6 also, he hoped, be a large field for m spreading British trade abroad, for |j many things learned in the war taught lj them the value of repetition work'on a fe scale never before attempted in Britain. • |