ARMAMENT PROFITS
BRITISH FIRMS
DISCLOSURES BY VISCOUNT SAMUEL
(Independent Cable Service.)
LONDON, July 18.
In a speech at Folkestone today Viscount Samuel said that although the Government had promised in a White Paper issued in 1936 that there would be no extravagant profits from armament firms for the needs of the nations, the results appeared very different.
He instanced that the shipbuilding firm of Cammell Laird and Co. in 1935 paid a dividend of 3.3 per cent. The capital was later doubled, and in 1938 the company earned a dividend on the doubled capital of 19.7 per cent, and paid 10 per cent. The naval shipbuilders of Yarrow in 1935 paid a dividend of 10 per cent. In 1938 they earned 34.6 per cent., and paid 20 per cent. The Fairey Aviation Company in 1935 paid 5 per cent, on a capital of £500,000; last year on a capital of £1,000,000, it paid 15 per cent.
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https://paperspast.natlib.govt.nz/newspapers/EP19390719.2.84
Bibliographic details
Evening Post, Volume CXXVIII, Issue 16, 19 July 1939, Page 11
Word Count
156ARMAMENT PROFITS Evening Post, Volume CXXVIII, Issue 16, 19 July 1939, Page 11
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