TURNER AND NEWALL OUTLOOK
Much of the success of Turner and Newall, the big asbestos company, must be attributed to the directors' policy of ignor- ing short-term industrial fluctuations and planning ahead over a period of years. Sir Samuel Turner, presiding at yester- day's meeting, showed that this is still the company's policy and that if he has doubts about the immediate future, he has not lost his confidence in the long-term outlook. If it were not for the uncertain international situation he would, he ex- plained, be very optimistic about the company's future, and so long as reasonably normal conditions exist, he has every con- fidence. He warned shareholders, however, that there had in the last few months been a distinct falling off in sales in some sections of the business and that they must bear in mind the possibility that that movement may continue.
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