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5/31/35
PHILCO 1935 HAVANA CONVENTION CRUISE
The Philco Radio and Television Corporation is now enjoying its 1935 convention cruise to Havana. Philco radio dealers and other representatives embarked from New York on the "Monarch of Bermuda1' last Tuesday and are due back on Tuesday, June 4.
Convention sessions were held aboard the ship while it was enroute to and from Cuba. One of the speakers was J. R. Poppele, chief engineer of WOR, who explained the workings of the station's new 50,000 watt, high-fidelity transmitter.
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CABLE AND WIRELESS AND MARCONI SHOW PROFIT
The annual report of Cable and Wireless (Holding) , Ltd. , of London, shows gross revenue of LI, 080, 392, for 1934 and a net profit of L986,901 after expenses, directors' fees, income tax, interest and organization expenses written off. Including L99,276 brought forward from 1933, LI, 086, 177 was available for dividends and surplus.
The Directors recommended payment of a dividend of 4-1/8 per cent less income tax on the cumulative preference stock, being the remainder of the dividend for 1932 and a payment of 1-3/8 per cent on account of 1933.
Marconi's Wireless Telegraph Company, Ltd., subsidiary of Cables and Wireless, Ltd. , reported a net income of L225,732 for 1934 after all deductions, comparing with a profit of L126 , 553 in 1933.
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A visitor to Washington this week was Frank E. Mullen, of New York, in charge of Public Relations for the Radio Corpora¬ tion of America. Mr. Mullen now has his feet well in the stirrups and has already succeeded in bringing about a decided improvement in the RCA press service in both New York and Washington.
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CORRECTION
In the story on page 8 of the May 28 issue, "Food and Drug Bill Takes On New Life", the first sentence of second para¬ graph should read, "While the broadcasting industry does not favor the Copeland Bill, it is not actively opposing it."
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