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Lucas Profits.
Page 85
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The report of Joseph Lucas, Ltd., for the year ended August 7th last shows a net profit of £247,799, after making due provision, for depreciation and taxation, to which a sum of £60,019 brought forward has to be added. Interim dividends amounting to 138,312 have been paid. It is now proposed to pay final dividends of 24 per cent. and 3 per cent, on the A and B preference shares respectively, as well as a final dividend of 10 per cent. (less tax), 'making, 15 per cent. for the year, on the ordinary shares.
'The dividends on the preference shares will account for £5,540, whilst that on the ordinary shares will account for £65,544, a similar sum being involved by the payment of a bonus of 2s. per share on those shares. Those allocations will account for £136,268, and of the remaining sum £58,186 is being placed •to reserve (making that fund /475,000), £10,000 to the staff superannuation fund and 15,000 to the workpeople's dependents' benefit fund, leaving /65,692 to be carried forward.
A Diesel Association Meeting. A meeting of the Diesel Engine Users' Association will be held on November 1st, at 3.30 p.m., at Caxton Hall, London, S.W.1, when a paper entitled " Modern Engineering Cast Irons and Their Properties" will be read by Mr. J. G. Pearce, M.Sc., M.I.E.E., director of the British Cast Iron Research Association.
The Austin Dinner.
Exports of Austin vehicles, stated Sir Herbert Austin, at a dinner recently given by the Austin Motor Co., Ltd., have increased this year 50 per cent. over those of the previous year. It is also interesting to note that about 25 per cent. of the vehicles which are constructed by this company are sent abroad. Sir Herbert went on to say that his concern had been responsible for the sale of about 20 per cent. of the motorcars that had been sold during the past year in this country. The suggestion that the Motor Show should bel held every two years was warmly received,. Regarding salesmanship, Sir Herbert Austin said that each year becomes more competitive and brings with it a greater need for expert sales organization.
The Working Conditions of Busmen. A conference is to be arranged in London by the Transport and General Workers' Union with the object of fixing a national programme for wages and working conditions of bus-service operatives.
Orders for A.E.C. Regent Buses.
Following successful demonstrations which have been carried out in various parts of the country it must be gratifying to the Associated Equipment Co., ,Ltd., to have received a number of orders from important operators and municipal authorities for its new Regent double-deck, 50-52-seater bus. Substantial orders for this model have already been placed by the corporations of Birmingham, Glasgow, Nottingham, Chester, Newcastle and Halifax.
A Warning to Newbury Bus Operators.
TilewNewbury licensing authorities inform the proprietors of certain vehicles, which, it is understood, are plying for hire as buses, that if such plying-for hire co 'flues, in the absence of the issue of bnnicences, proceeedings will be taken.
Traffic Complaints in Guildford.
The highways committee of Guildford Corporation has received a petition from a number of residents in York Road protesting against the heavy dock traffic now directed through this road to Southampton and Portsmouth, and asking for a redirection of this heavy traffic. The committee has decided to inform them that the bypass road will probably be constructed immediately and that York Road will then be relieved of much of the traffic.
Reo Policy for 1930.
The policy for 1930 of the Reo Motor Car Co. was outlined at a luncheon recently provided by this concern. In the forthcoming year, the neo Company will continue to construct its vehicles on sound engineering lines' without paying attention to fads and fancies. Mr. A. Hudson, chairman, stated that the position of his company had been stronger this season that it had ever been sand that the concern has now produced a 30-cwt. vehicle which will be sold at a price of\1298. It is available for immediate delivery.
A Service to Wales Extended. The Great Western Express Co., Ltd., which for some time past hai been operating a daily service between London and Cardiff, via Oxford, Gloucester and Newport, announces an extension of the service to Swansea. Well-appointed coaches are used on this route, and three runs are made daily id each direction. The single fare to Swansea is 18s. 6d., and the return fare 28s. 64., the charges to Cardiff being 13s. Od. single and 21s. return.
A Guy Spare.parts List.
Following upon the reorganization of the service department of Guy Motors, Ltd., the company has just issued a spare-part list relating to the Guy sixwheeled six-cylinder passenger chassis. It is a most comprehensive list, compiled in loose-leaf form and containing a large number of illustration.
Thames Tunnel Proposal.
Speaking at Tooting last week, Mr. Herbert Morrison, the Minister of Transport, stated that engineers are at work preparing plans for a tunnel between Dartford in Kent and Purfleet in Essex. It is hoped that within a few months a great deal of work of this kind will be in progress.