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LIAVOC (to quote managing director I I '.V1onty Prichard) was
Page 9
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caused on Wednesday to the production schedules of F. Perkins, Ltd. The company on that day celebrated the production of its millionth diesel engine for export. Following a ceremony at which the millionth engine came off the production line, guests were entertained to a lunch at which the guest speaker was Mr. F. J. Erroll, President of the Board of Trade.
The internal combustion engine manufacturing industry, recalled Mr. Erroll, had a particularly fine export record and had made good progress in the toughest of countries, notably those of the Common Market, In 30 years Perkins had risen from a small concern to one with a production of 1,000 engines a day and a turnover of £3m. a year.
Mr. Prichard also spoke of the Common Market. "We welcome very strongly the entrance of this country," he said. The reaSon for Perkins' success was the spirit of the people in it, said the managing director.
Founder of the Perkins Group, and now honorary president, Mr. Frank Perkins called for more specialized education. There was no university or post-graduate course in business management in this country, he said. It would only cost between £200,000 and £300,000 a year.
When he started in 1932 with four men and one room and a paid-up capital of £2,000, did he ever think of producing a million export engines? "No." said Mr. Perkins. "We were visualizing how to pay the wages on Saturdays."