MPANY MEETING COMPANY MEETING
GENERAL ELECTRIC COMPANY
GREAT VOLUME OF WAR WORK
annual general meeting of the General Electric Company, Limited, held yesterday in London.
Sir Harry Railing (the chairman) said that the profit amounted to ,88o,697, as compared with £1,812,409 last year. The net profit was .303,119, against £1,240,730, and they recommend a dividend of 10 per t. and a bonus of 71 per cent. on the ordinary stock. Apart from it large carry-forward—f964,270—their general reserve now stood at 700,000. They considered it of the highest importance that the financial ength of the company should be such that they could confidently face many problems and uncertainties which the post-war period was and to present to all industrial undertakings.
It was possible now to give some idea of the immensity of the company's effort. From the time when the company was founded nearly sixty r ago they had fully justified their claim to manufacture and supply everything electrical," and they had further widened their activities,.for important part of their energies had long been devoted to branches of hanical engineering such as turbines, mining machinery and lifting, veying and handling plant. They had thus been privileged to make exceptionally broad contribution to the national cause.
MULBERRY, PLUTO AND RADAR.
The adaptability and flexibility of their organisation was well illustrated their contribution to such marvellous projects as Mulberry, Pluto and .o. No factor in war was more vital than communications. One of most important applications of electronics was Radar. They claimed have played a leading part in every step of its development. Well er a hundred thousand of thei., telephone and radio sets had been used the Navy, Army and Air Force. The demand for radiolocation and reless apparatus had necessitated a great increase in the production of st cores and quartz crystals. Their work in the detection of enemy bmarines and in the protection of our own deserved special mention. y had played their full part by the design and production of degaussing uipment
Their record in aircraft carrier equipment was outstanding, including erators, motors and control gear. They had built a large share of the tic equipment for submarines, destroyers, corvettes, &c. The output cable and wire had exceeded '400,000,00o core yards, of which ..000,000 were for field telephones. Of great interest was their con- bution of 2,000,000 yards of very high frequency cable.
There was hardly any type of vessel in the Navy, hardly a bomber or hter, hardly a tank or anti-aircraft battery to which the company had made a vital contribution. In every battle on sea, on land or in the , at every assault landing on the beaches, in every defence action, in is and harbours, on railways, in factories, mines and all classes of ustrial undertaking, in canteens and hospitals ; in brief, in every phase war activity, the G.E.C. had played its part.
The change-over to peace would not be easy. There was no dis- cement on post-war aims whatever party cries might be raised. The ects could be obtained only if goodwill existed. It was imperative there should be co-operation instead of dissension. Increased capital Clay and increased effort were essential.
The report was adopted.
Previous page
