ARMAMENT PROFITS
POSITION IN BRITAIN VISCOUNT SAMUEL CITES HEAVY INCREASES. GOVERNMENT REMINDED OF PROMISE. (Independent Cable Service.) LONDON, July 18. In a speech in 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 Cammel Lairds, 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. Last year on a capital of £1.000.000 it paid 15 per cent.
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Wairarapa Times-Age, 19 July 1939, Page 5
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162ARMAMENT PROFITS Wairarapa Times-Age, 19 July 1939, Page 5
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