28 APRIL 1939, Page 48

ENGINEERING PROGRESS

Notwithstanding the trade recession of last year, results from a number of engineering companies disclose record profits, and show that the recession has been a good deal less than universal. Among the fortunate were John Thompson Engineering Company, the 'makers of water tube boilers, who made a record profit in 1938. Major S. J. Thompson's address at the meeting last week indicated that these favourable conditions may continue, for he said that contracts so far received in 1939 were good, and that orders at present on the books insured many months' work. He announced that the company has developed a new process of welding.

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