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Aviation History
1918
1918 - 0360.PDF
COMPANY MATTERS. Rolls-Royce, Ltd. PRESIDING at the annual general'meeting at Derby onMarch 22nd, Mr. Ernest Claremont asked the shareholders to excuse the absence of some members of the Board, whoseduties of national importance required them elsewhere. Although the accounts were not ready, they were fortunatein being able to foresee that the profits would not be less than those of last year, and so the same dividend could be safelydeclared. So far the profits have been small and the company have had no excess profits to pay. Mr. Claremont then explained the scheme of bonus shares,which he said was really capitalising the reserves. These reserves consist of reserve fund £136,000, premium on sharesissued ^53,248, war contingency fund £50,000, plus the amount carried forward last year £43,000 odd, making a total of£229,000. It is proposed to double the capital to £400,000 by issuing 200,000 £1 shares, to be distributed " share forshare " among the present shareholders. Mr. Claremont said the company's energies continued tobe fully engaged on the production of munitions of war, and he had no doubt would continue to be so while the war lasts.He took much pleasure once more in expressing, on behalf of the Board, their appreciation of the whole-hearted effortsof the company's staff, from Mr. Royce, the engineer-in-chief, and Mr. Claude Johnson, the general managing director,downwards. He had been told by a shareholder that there was a rumour that the company was amalgamating withanother company, and, to prevent any misunderstanding, he would state that nothing of the kind was in contemplation.He had also been asked to give some information of the American works. They had no works in America, and wereonly obtaining materials and goods from that country to increase output. He wished he could tell more about thebusiness, its expansion, and the wonderful achievements with its engines, but his tongue was tied. A cash dividend of 10 per cent, for the year (less income-tax) was declared, and the proposed distribution of bonus shares was agreed to. The retiring directors and auditors were re-elected. D. Napier and Son, Ltd.AT the adjourned general meeting on March 20th, Mr. H. T. Vane, C.B.E. (joint managing director), presided inthe absence, through indisposition, of the chairman, Mr. Montague S. Napier.Mr. Vane, in moving the adoption of the report, said that the financial position of their company as set out in the balance-sheet would, he thought, be regarded as very satisfactory, especially taking into consideration the abnormal conditionsunder which they had been working during the year. The increased cost of labour and material, and the delays ex-perienced in obtaining delivery of the latter, had been serious difficulties to contend with, but the employees and staff hadput forth their best efforts to increase the output. The result had been that they had far exceeded any previous year's out-put, and it was their intention during the present year to endeavour to do even better in that direction when they hadtheir new building complete, and the new plant in operation. He was a strong believer in the future of aero engine manu-facture. The requirements will be large, both for Govern- ment and civilian purposes, for he anticipated that aerialposts will be established between many points, apart from light freight and passenger planes. The future of the motor industry should be a bright one,especially in view of the way in which motor transport has proved its superiority over all other kinds of transport.There was great need, however, for proper adequate Govern- ment protection for the trade, especially during the few yearsfollowing the conclusion of peace. They had to rebuild their sales organisations and to put their factories on a peacefooting, which was very distinct from a war footing, and they looked to the Government to aid the industry in that direction,especially having regard to the patriotic way in which the whole industry had adapted itself to Government requirementsand loyally supported them. during the course of the war. Since the last meeting Mr. L. B. Peters, M.I.M.E. (chairmanof G. D. Peters and Co., Ltd., director of Gwynnes, Ltd.), has been elected to the board of directors. Mr. W. H. White (director) seconded the report, which wascarried unanimously. The chairman then proposed that a final distribution byway of bonus be made to the Ordinary shareholders of is. 6d. per share, free of income-tax. NEW COMPANIES REGISTERED. LLOYD DIX and CO., LTD., 132, King Edward Street, Great Grimsby.—Capital £1,000, in £1 shares. Acquiring the MARCH 28, 1918. business of moulding manufacturers and picture frame makers,carried on by G. T. Lloyd and R. W. Dix at Great Grimsby ; also manufacturers of wooden parts and fittings of aeroplanes,&c. First directors : Y. H. Bennett, R. Jennison, G. T. Lloyd and R. W. Dix. BUSINESS NAMES REGISTRATIONS.ANTOINE AND CO.—Registered January 17th, 1918. Manufacturers and repairers of aero engines and generalengineers, 4a, Chapsl Street Marylebone, N.W. 1. Proprietor, T. Antoine (Belgian), 250, Lauderdale Mansions, Maida Vale,N.W. - - SOUTH AFRICAN AVIATION CO.—Registered Janu-ary gth, 1918. Aircraft manufacturers, 54 Queen Street, Camden Town,N.W. 1. Business commenced December 22nd,1917- Partners (1) C. P. G. Jacob (British), 53, Park Lane, Wallington, Surrey; (2) A. Goslett (British), 85a, GoldersGreen Road, Goldsrs Green, N.W. . • m ® m m CORRESPONDENCE. "Royal Airey."[1954] I have just read that in future the two Flying Services will be joined under the name " Royal Air Force."This name is certainly a very good and forceful one, but why not "Royal Airy," which would be synonymous toRoyal Army and Royal Navy ? FREDERICK R. SIMS.Simms Motor Units, Ltd., Gresse Street, Rathbone Place. March 31st. m m m m PUBLICATIONS RECEIVED.A viation Engines : Design—•Construction—Operation and Repair. By 1st Lieut. Victor W. Page, A.S.S.C, U.S.R., etc.London : Crosby Lockwood and Son. Price 15s. net. Aeronautics in Theory and Experiment. By W. L, Cowley,A.R.C.Sc, D.I.C., and H. Levy, M.A., B.SC./F.R.S.E. Lon-don : Edward Arnold, 41-43, Maddox Street, W. Price 16s. net.Woodwork Joints. The Woodworker Series.) London : Evans Brothers, Ltd., Montague House, Russell Square, W.C.Price 3s. 6d. net. Catalogues.Aerial Type Fan Brake Dynamometers. W. G. Walker and Co., Emery Hill Street, Victoria Street, Westminster,S.W.i. Horse-Power Dynamometer. W. G. Walker and Co., Emery Hill Street, Victoria Street, Westminster, S.W.i. M W M S? . : . . Aeronautical Patents Published. Applied for in 1917.The numbers in brackets are those under which' the Specifications will be printed and abridged, &c. Published March 2&th, igi8. '• •228. R. BLAKOE. Aeroplanes. (113,629.) 2,987. GREENE AERONAUTICAL Co. Aeroplane. (113,659.)3,335. A. L. AND R. ANDERSON. Locking-device for bracing wires of air- craft, &c. (113,673.) 7,678. SOPWITH AVIATION CO. AND H. G. HAWKER. Attachment of aerofoilsof aeroplanes. (113,723.) 9,418. GOODYEAR'S INDIA RUBBER GLOVE MANUFACTURING CO. Manufac-ture of aeroplane elements. (113,736.) 18,420. E. PENSUTI. Speed indicators for aerial machines. (112,023.) If you require anything pertaining to aviation, study ««FLIGHT'S" Buyers' Guide and Trade Directory, which appears in our advertisement pages each week (see pages xlviii, xlix, and 1). FLIGHT and The Aircraft Engineer. /""' 36, GREAT QUEEN STREET, KINGSWAY, W.C. 2. Telegraphic address: Truditur, Westcent, London. - Telephone: Gerrard 1828. , ; ~._••••....,.; -•• ^ SUBSCRIPTION RATES. " FLIGHT " will be forwarded, post free, at the following rates ;— UNITED KINGDOM. 3 Months, Pbst free 6 1, 1. 12 ,, s. d. 3 10 7 7 15 ABROAD. s. 510 20 d.o oo3 Months, Post Free6 „ 2; 12 Cheques and Post Office Orders should be made payable to the Proprietors of " FLIGHT," 36, Great Queen Street, Kingsway, W.C. 2, and crossed London County and Westminster Bank, otherwise no responsibility will be accepted. 356
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