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Aviation History
1931
1931 - 0308.PDF
FLIGHT, MARCH 27, 1931 AIRCRAFT COMPANIES' STOCKS AND SHARES THERE has been a distinctly stronger tendency in thestock and share markets during the month in respectto the issues of companies associated with the aircraft industry. De Havilland ordinary shares have made quite agood recovery presumably on the prospect of the company benefiting from the publicity arising from the Argentineexhibition and the use of the company's machines by the Prince of Wales. Handley Page participating preferenceshares have come into strong demand, and it is reported in the market that buying of the shares has come recently fromvery influential quarters. The report and accounts are due shortly and there are said to be favourable developmentsimpending although whether these relate to an increase in the dividend or to other matters is not clear. On the basis of arepetition of last year's dividend and bonus the shares give an attractive yield. D. Napier & Son is another ordinary sharewhich has risen sharply in price following the issue of the accounts showing high earnings and an excellent financialposition. There is stated to have been a line of shares from a deceased estate on the market, and that this was the cause ofthe low price recently ruling. As this line has now been virtually absorbed, the price of the shares has responded andthe market is anticipating a further recovery to over 10s. per share. Fairey Aviation ordinary shares maintain a very evenprice at beteeen 12s. and 13s., and purchasers are apparently content to await the ultimate benefits attaching to the highequity value of these shares. Rolls-Royce were steady on maintenance of the 10 per cent, dividend. Hoffman Manu-facturing preference shares were adjusted to the reduced margin of profit but the ordinary shares have not been" marked " since the issue of the report and passing of the dividend. Brown Brothers were a shade up following theaccounts showing maintenance of profits with a repetition of the 10 per cent, dividend. Name. Class. Nominal Last CurrentAmount Annual Week's of Share. Dividend. Quotation. Anglo-American Oil . . .. Deb. Armstrong Siddeley Develop. .. Cum. Pref.Birmingham Aluminium Castg. Ord. Booth (James), 1915 .. .. Ord.Do. do. .. .. Cum. Pref. British Aluminium .. .. Ord.Do. do. .. .. Cum. Pref. British Celanese .. .. Ord. British Oxygen .. .. Ord.Do. do. .. .. Cum. Pref. British Piston Ring .. .. Ord.British Thomson-Houston .. Cum. Pref. Brown Brothers .. .. Ord.Do. do Cum. Pref. Dick (W. B.) Cum. Pref. De Havilland Aircraft .. Ord.Dunlop Rubber .. .. Ord. Do. do. .. .. "C" Cum. Pref.En-Tout-Cas (Syston) .. Def. Ord. Do. do. .. Ptg. Pfd. Ord.Fairey Aviation .. . . Ord. Do. do. .. .. 1st. Mt. Deb.Firth (Thomas) & Sons . . Cum. Pref. Do. do. .. Cum. Pref.Ford Motor (England) .. Ord. Fox (Samuel) Mt. Ptual. Deb.Goodyear Tyre & Rubber .. Deb. Handley Page Ptg. Pref.Hoffmann Manufacturing . . Ord. Do. do- .. Cum. Pref.Imperial Airways .. .. Ord. Kayser, Ellison . . .. Ord. Do. do. .. .. Cum. Pref.Lucas (Joseph) .. .. Ord. Napier (D.), & Son .. .. Ord. Do. do. .. .. Cum. Pref.Do. do. .. .. Pref. National Flying Services .. Ord.Patters Ord. Do. Cum. Pref.Roe (A. V.) (Cont. by Arm- strong Siddeley Devel., q.v.) Ord.Rolls-Royce Ord. Smith (S.) & Sons (M.A.) .. Def. Ord. Do. do. Ptg. Pfd. Ord.Do. do. .. Cum. Pref. Serck Radiators .. .. Ord." Shell " Transport & Trading Ord. Do. do. .. Cum. Pref.Triplex Safety Glass .. .. Ord. Vickers ' Ord.Do. Cum. Pref. Vickers Aviation (Cont. byVickers, q.v.) — Westland Aircraft (Branch ofPetters, ?.».) — Whitehall Electric Investmts. Cum. Pref. A Issued in January. Stk. £1i'l £1 £1 £i ? £1£1 £1£io £16/8 16/- 1/-5/- 10/-Stk. £1 £i£1 Stk. Stk. 8/- £1 £l £1 £5 8 5/- £1£1 2/- SI £iIi 6/8 £i 7* 157 106 Nil10 A22 i 710 7i5 515 10Nil 87* 86 5* 10 61 Nil s 66 2515 7*8 Nil7 10 18I 25* S 99J16/3 20/342/9 22/630/6 21/-7/7J 19/921/3 30/-23/4J 24/923/6 5,:!19/7i 12/6'20/9 1/4J4/4i 12/7*106 11 /- Xll11/9 xd 77/6 xd72* 100 11/4* 22/6"16/- 16/660/- 77/667/9 8/923/6 22/--76 21/617/10J 35/- 2/1419/6 17/337/- 66/10*.10J 29/10* 8/318/3 xd 25/9 xd IN PARLIAMENT Schneider Trophy "~a LIEUT.COMMANDER KENWORTHY, on March 18, asked the Under-Secretarvol State for Air what is the estimated total cost of British participation in th". forthcoming Schneider trophy race ; what proportion of this is money whicl.would otherwise have to be found from public funds ; and what was the cos: falling on public funds in 1929 ? Mr. Montague : Preparations for a Schneider Trophy contest interact veryclosely with the official programme of research and development in but for the decision to participate, is estimated at approximately £100,000. ]may add that the original cost to public funds of the machines and engine;, purchased in connection with the 1929 contest, which will also be utilised inconnection with the 1931 contest, was about £230,000, but this includes the cost which cannot be precisely determined, of the normal programme of highspeed research and development over the period affected. I do not think any other money will have to^be raised by private funds outside Ladv Houston'sgenerous gift. PUBLICATIONS RECEIVED Das Segelflugzeug. By Dr.-Ing. W. v. Langsdorff. J. F.Lehmanns, Munich. Price M.9 and M.10. Aeronautical Research Committee Reports and Memoranda No. 1341 (Ae. 473, T. 2971). The Motions, at the Stall, of a Bristol Fighter Aeroplane with Slot and Aileron Control on Both Planes. By K. W. Clark, B.Sc. May, 1930. Price 9rf. net. No. 1343 (Ae. 475, T. 2995). The' Automatic Timing of Aircraft over a Speed Course. By J. K. Hardy and K. V.Wright. February, 1930. Price Is. net. No. 1352 (Ae. 483, T. 2983). Movement of Smoke in the Boundary Layerof an Aerofoil Without and With Slot. By T. Tanner. July 1930. Price Is. net. No. 1354 (Ae, 485, T. 2810). Liftand Drag of Blackburn "Iris." By L. P. Coombes and R. K. Gushing. May, 1929. Price6rf.net. H.M. StationeryOffice, London, W.C.2. ns m m m NEW COMPANIES REGISTERED PETERS ENGINES AND AIRCRAFT, LTD.—Capital £5,000, in 4,00010 per cent, cumulative preference shares of £l each and 20,000 ordinary shares of Is. each. Under agreement with J. A. Peters. Manufacturersand repairers of engines, aeroplanes and flying machines, motor cars and vehicles, etc. Subscribers: J. A. Peters, 30, Caldecote Street, NewportPagnell, engineer. J. Foster, 27, Old Bond Street, W.I, merchant. AIRSPEED, LTD.—Capital £50,000 in f,l shares. Manufacturers of anddealers in aircraft of all kinds, motors, engines, apparatus, machinery, com- ponent parts, etc. Directors :—Lord Grimthorpe, Easthorpe Hall, Malton,Yorks. Sir Alan J. Cobham, Grand Buildings, Trafalgar Square, W.C.2, aviation consultant. A. E. Hewitt, 6, Lendal, York, solicitor. N. S. Norway,5, St. Leonards, York, aeronautical engineer. A. H. Tiltman, " Hillway," Ditchling, Sussex, aeronautical engineer. Solicitor : A. E. Hewitt, 6, Lendal,York. AERONAUTICAL PATENT SPECIFICATIONS Abbreviations : Cyl. = cylinder ; i.e. — internal combustion ; m. = motors. The numbers in brackets are those under which the Specification will be printed and abridged, etc.) APPLIED FOR IN 1929 Published March 26, 1931 38,636. GENERAL DEVELOPMENT CO. Aeroplane. (344,101). APPLIED FOR IN 1930 Published March 26, 1931. 6,683. H. CORBISHLEY. Phonograph motor wind-indicating device. (344,219.)12,667. J. FURST. Glider kite. (344,275.) FLIGHT, The Aircraft Engineer and Airships. 36, GREAT QUEEN STREET, KINGSWAY, W.C.2. Telephone (2 lines) : Holborn, 3211. Holborn, 1884. Telegraphic address : Truditur, Westcent, London. SUBSCRIPTION RATES POST FREE UNITED KINGDOMs. d. 8 33 Months 6 12 „ 16 633 0 UNITED STATES 3 Months $220 6 „ $4-40 12 „ $8-75 OTHER COUNTRIES* s. d.3 Months 8 9 6 „ 17 612 „ 35 0 * Dividend paid tax free * Foreign subscriptions must be remitted in British currency. Cheques and Post Office Orders should be made payable to the Proprietors of " FLIGHT," 36, Great Queen Street, Kingsway, W.C.2, and crossed " Westminster Bank." Should any difficulty be experienced in procuring " FLIGHT " from local newsvendors intending readers can obtain each issue direct from the Publishing Office, by forwarding remittance as above. 284
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