FlightGlobal.com
Home
Premium
Archive
Video
Images
Forum
Atlas
Blogs
Jobs
Shop
RSS
Email Newsletters
You are in:
Home
Aviation History
1952
1952 - 0062.PDF
28 FLIGHT, 4 January 1952 The Industry Hawker Siddeley Results T RADING results of the Hawker Siddeley Group for the year ended July 31st, announced shortly before the Christmas holiday, showed that the previous year's downward trend in profits had been reversed. It is stated that the improvement is due to expansion in turnover, both in quantity and value. Net profits of the Group, subject to taxation, were £5,224,595 as against £3,927,970 for the previous year. The accounts disclose that considerable sums have been set aside to various reserves. Commenting on this, the Group says that its Board feels that "full recognition should be given to the fact that present-day trading is considerably influenced by infla tion and high taxation. Traditional methods of computing profits take account of historical costs only, whereas industry is faced with the economic reality of having to replace assets, consumed in earning profits, at progressively increasing prices. It is the Board's belief that the existing taxation code makes inadequate allowances for depreciation and replacement of capital assets and insufficient margin is left for replacement and, indeed, expansion of trading stocks. Reserves have been increased with these fac tors in mind, so that the Group may insure itself against future inflationary tendencies." "^•1 APPOINTED TO HAWKER BOARD: Mr. J. T. Lidbury, who has been appointed a director of Hawker Aircraft, Ltd., and of Hawker M*ff*>-.^J|] Aircraft (Blackpool), Ltd. He has been secre- \SF% tary of the former company since 1948 (he ;-^**^l joined it in 1940) and of the latter since its formation earlier this year. The Blackpool branch of the organization will operate at a Squires Gate and use the airfield there. Industrial Lighting Plant FROM the firm of A. C. Morrison (Engineers), Ltd., Rectory Place, Loughborough, come details of an addition to their range of industrial and domestic electric power and lighting plants. It is a 2.5 kW unit powered by an air-cooled Petter diesel engine developing 4.5 b.h.p. at 1,500 r.p.m. There are four alternative control systems, the most popular being a fully automatic type which offers facilities equivalent to those of mains supply in that the generating plant begins opera tion when any light or power switch is depressed, and ceases to function when the last lamp or other electrical appliance on the premises is switched off. The alternatives are: remote control situated at any convenient location, press button on the control panel, and hand starting of the plant. The current is supplied at standard mains A.C. voltage so that premises already electrically wired for mains supply will find such wiring suitable for the Morrison set. Alvis Achievement IN a statement circulated to stockholders in connection with the annual general meeting of Alvis, Ltd., held in Coventry on December 19th, Mr. J. J. Parkes (chairman and managing director) said that the Leonides engine had continued to strengthen its unique position as the only modern 550 h.p. type which had gone into production since the war ended. It was particularly gratifying to mention that it formed the power unit of the Percival Provost single-engined basic trainer which had been selected for re-equipment of the Royal Air Force. In addition, that Service had now decided to adopt a modified version of the Percival Prince, as a twin-engined type for various duties, in which r&le it would be known as the Pembroke. These installations were additional to those previously an nounced, which included the Percival Sea Prince, the Prestwick Pioneer, and three types of helicopter. Leonides engines were now operating in Great Britain and Europe, North and South America, Africa, the Middle East, the Far East, and Australia. The company's efforts to establish a position in the aircraft- engine industry, said Mr. Parkes, had been long and arduous, but he thought it could be said that a useful portion of the available business had now been secured. At the meeting, accounts providing for the payment of an Ordinary dividend of 6 per cent less tax, were adopted. MR. ROBERT BLACKBURN, chairman of Blackburn and General Aircraft, recently presented mementoes—clocks or silver cigarette-cases—to 41 members of the staff who had attained 21 years' service (there are now 257 such employees). Among recipients on this occasion were Mr. W. A. Hargreaves, works director; Mr. C. P. Truyens, design superintendent; Mr. J. T. Ormerod, jig-and-tool designer; Miss A. E. Wood, packing department; and—seen above—Mr. C. E. Tiplady, experimental department. Incidentally, this was the 21st anniversary of the presentation of a memento to Mr. Blackburn himself, for it is now 42 years since he pew his first aircraft. New Dowty Components AT the fifteenth annual general meeting of Dowty Equipment, L Ltd., held at Cheltenham on December 18th, shareholders learned from the statement of the chairman (Mr. G. H. Dowty, F.R.Ae.S.) that profits had reached a record level, largely due to the contributions of the associated companies. Over 13 per cent of the sales of the parent company were to countries abroad, and well over a quarter of these to North America. New components were in production. The "Vardel" variable-delivery pump would replace the well known "Live Line" pump, and the "Hydel" lightweight solenoid control valve was scheduled for use on a large variety of aircraft types. Extracts from Mr. Dowry's statement read :— "Turbo Fuel Systems, Ltd.—This year has seen a marked growth in our business of fuel pump and burner systems for gas turbines. Our fuel supply equipment is now standard on several engines, both in this country and abroad. "Dowty Equipment of Canada, Ltd.—During the year I visited our Canadian Plant and was impressed with its growth. In addition to its regular production, the company has built up a large repair organization for the overhaul of landing-gear, hy draulic equipment, and Dunlop wheels and brakes. "Coventry Precision Ltd., was purchased in May of this year and its aircraft activity will be mainly the manufacture of fuel pumps and fuel systems. "New Mendip Engineering Co., Ltd.—Our Wiltshire works has increased its capacity by the addition of further plant. "Dowty Auto Units, Ltd.—During the last 12 months orders for mining and industrial hydraulic equipment have substantially increased. "Dowty Seals, Ltd., has a record order book; the number of customers has greatly increased." GOING AND COMING: Mr. George H. Miles, M.S.A.E. (left), who has been chief designer at the Airspeed works at Christchurch since 1949, has now left there to renew his business association with his brother, Mr. F. G. Miles. He is succeeded by Mr. W. A. Tamblin, A.F.R.Ae.S., A.M.I.N.A. (right), one of the most senior of the D.H. designers from Hatfield, who will henceforth be in charge of the Airspeed Division's design and experimental departments. Mr. Tamblin, who has been with de Havillands since 1935, has had a major share in Comet design.
Sign up to
Flight Digital Magazine
Flight Print Magazine
Airline Business Magazine
E-newsletters
RSS
Events
