30 JULY 1937, Page 34

A SATISFACTORY STATEMENT. .

• At the recent meeting of Wellman, Smith, Owen-Engineering Corporation, the Chairman, Sir Samuel Roberts, presented a good financial statement covering the period of. nine months' trading with a net profit of nearly £2x,000, - out of which it was proposed to pay a dividend of 74 per cent.,.lesS,tax,, being the equivalent of io per cent: for the full year, leaving. £14,525 to be carried forward. The Chairman stated that the turnover of the jousiness was increasing and the volume of contracts

in hand was over three times as great as a year ago. • * * * *