AMALGAMATED WIRELESS

Evening Post, Volume CXVI, Issue 103, 28 October 1933, Page 12

AMALGAMATED WIRELESS

Directors of Amalgamated Wireless (Australasia), Ltd., report for the year ended June 30 a net profit for the year of £82,171, an improvement of £5012 over that for the year ended June 30, 1932. The increase is largely attributable to a 1 general improvement reflected in the company's, beam wireless service. After taking into consideration the amount brought forward and deducting the allocation to general reserve and the dividends paid, there remained, at June 30, a .credit balance of £57,827 10s lld,; which has been carried into the current year's account. Out of this amount the directors declared, payable on October 14, a final half-year's dividend of 4 per cent., amounting to £29,771 6s.ld. This, together with the interim dividend declared and paid in March, makes a total dividend of 8 per cent, declared for the financial year. A further sum of £20,000 has been allocated to the geueral reserve, and the balance, £8056 4s 10d, will be carried forward into the next account. The year has shown an increase in the number of messages handled by the overseas telegraph service, and the continued support from the public indicates that public confidence in wireless communication is completely established. During the past year, there was an increase in the use of the overseas telephone service which is operated by the company in conjunction with the Post Office. During the year, the service was extended to India, South Africa, parts of Egypt, and elsewhere, and it is now estimated that by the medium of this channel, the Australian telephone user has access to over 30,000,000 telephones throughout the world. Several improvements have been effected in the company's coastal service, including the establishment of telephone apparatus at additional stations for communication with vessels at sea. The business of both, the island and coastal services has shown a definite improvement. Marine business has been well maintained, and during the year the company has (fitted ships in England and on the Con- !■ tinent of Europe with Australian-made apparatus. j The company's- activities in manufactures contiuue and the manufacture and sale of the A.W.A. broadcast receiver has contributed largely to the company's revenue. The company also secured the contract for erection of one of the principal broadcasting stations in Now Zealand, and also two smaller broadcasting plants i'or the Dominion Government. The subsidiary company for the manufacture of valves has been established, and' is now in production with an article which promises to be both technically and financially successful.