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NUFFIELD WORKERS RECEIVE £960,000 IN DIVIDENDS

6th June 1947, Page 28
6th June 1947
Page 28
Page 28, 6th June 1947 — NUFFIELD WORKERS RECEIVE £960,000 IN DIVIDENDS
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SINCE Lord Nuffield placed 1,000.000 stock units in trust on behalf of workers in the Nuffield factories, employees had received -£960,000 in distributed profits, said Sir Miles Thomas, D.F.C., at the annual general meeting of Morris Motors, Ltd. The yield for 1946 from this source was more than £100,000.

Wages had risen from £2,824.973 in 1938 to £5,242,802 last year, Sir Miles added.

Referring to export trade, he said that the Nuffield Organisation had 120 distributors in no fewer than 89 separate countries.