INCREASED PROFITS
BRITISH ARMAMENT INDUSTRIES STATEMENT BY VISCOUNT SAMUEL (Independent Cable Service.) , Prow Association—By Telegraph—Copyright LONDON, July 18. In a speech at Folkestone, Viscount Samuel said that, although the Government promised in a White Paper issued in 1936 that there would be no extravagant profits from armament firms for the need of the nation, the results appeared very different. He instanced that Cammed Laird s in 1935 paid a dividend of 3.3 per cent. The capital of the company was later doubled, and in 1938 it 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, while last year, on a capital of £1,000.000, it paid 15 per cent.
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Bibliographic details
Evening Star, Issue 23322, 19 July 1939, Page 9
Word Count
156INCREASED PROFITS Evening Star, Issue 23322, 19 July 1939, Page 9
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