Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 28, 1944, Winnipeg, Manitoba Pacil Nash Sass Friday a report to the in Canada and the United states physical volume of War materials produced was More than double that of 1942. Total value of 1943 War production More than 3 billion 500 million dollars. Average total employment an All time High. Total payrolls More than 1 billion 300 million materials and services purchased from others approximately 1 billion 900 million dollars up net income after taxes from manufacturing cents per Dollar of sales. Production general motors 1943 deliveries of War material Rose to a total value of More than 3j4 billion dollars or about 87% More than in 1942. The increase in physical volume was even greater since unit prices were reduced during the year. Deliveries of service parts and other authorized civilian material amounted to decrease of about 30% from 1942. At the time of Pearl Harbor pm deliveries of War products were at a rate of two million dollars Worth a Day. By the end of 1943 the daily rate was above twelve million dollars. The separate items placed in production ranged from Small and delicate parts to air plane engines Complete air planes tanks and powerful diesel engines for submarines and Landing Craft. The armed services have in Many ways repeatedly recognized the Quality of general motors War products its prompt deliveries and its efficiency of operation. Pm Del Veriet of War materials by of millions of dollars employment average employment in general motors in 1943 was an All time High. The Figur stood at in december. In 1942, the yearly average was and the december figure was thus the increase in yearly average was at the same time payrolls Rose and reached a total of about billion dollars. More than new pm employees were trained for War work in 1943. Enrolment in. Courses for supervisors and executives totalled safety and health records have been excellent. The percentage of working time lost because of accidents was less in 1943 than Ever before and was considerably lower than the average for similar manufacturing industries. The proportion of women workers in the United states increased from 13% at the end of 1941 to 31% in december 1943, reaching a total of employment and in general ism prices and profits total net income after taxes in 1943 from War output and other sources was compared to in 1942 and in 1941. Net income after taxes from manufacturing in 1943 was Only cents per Dollar of total net sales. 93 of All War material delivered to the end of 1943 was manufactured under fixed priced contracts. General motors Early established the policy of reducing prices to the government As lower costs were achieved through greater production experience. The government benefited Many millions of dollars through these Price reductions in 1943. Taxes in 1943 totalled of which Federal taxes were Security and unemployment insurance taxes la and state and local taxes common Stock dividends were per share in 1943. They were also in 1942, in 1941 and 1040, in 1939. Pm net sales and net income millions of dollars 1000 summary of facts value of pm 1943 War product deliveries Over 3i billion dollars More than in 1942. Net income offer axes for year 750 million dollars compared to 164 million Dollar sin million Dollar sin 1941. 1943 net income after taxes from manufacturing operations cents per Dollar of sales. Common Slock dividends per share in 1943. They were also in 42, in 41 and 40, in 39. Employment at an All time High aver aging for december. Total wage and salary payments million an All time High general motors is working with almost and suppliers in us War production program. Purchases from these sources in 1943 totalled approximately More than soldiers and Sailon have Oceen trained by pm in War product repair and maintenance. A in 1943, pm factory employees submitted written suggestions for improving production or working conditions. Ideas were accepted. Cash value of War Bond and stamp awards for same during 1943 an average of Over 95% of All employees were buying War Bonds through pm deductions and Cash pay ments amounted to More Hen 70% of payrolls. Nearly pm men and women have entered the armed forces by the end of 1743 mom than Veteran had Given employment by pm. Nearly half of them were employed what had been on military leave of absence the. Remainder had never before worked for pm. The year 1943 was one of great Effort and sound achievement on the part of general motors men and women. The Job is not yet done. All Are determined to contribute to the utmost in support of the armed services until final Victory is won. When this is accomplished there will be the task of preparing for the requirements of a nation at peace. But until that is our general motors cad inc and orc trucks is our ;