In this article Mr Bulleid, who is Production Manager of British Nylon Spinners at Pontypool, crisply sets out a few salient ideas on, company finance. They are addressed primarily to engineers in industry who regard financial data with suspicion or lack of understanding, but many others will appreciate Mr Bulleid's shrewd and pithy comments. Before coming to the 'narrow picture' of management accounting, which shows the use of financial devices for control, he throws a glance at the 'broad picture' of a company's whole financial performance - a picture which should indeed be 'grasped by all managers.' Mr Bulleid speaks personally to the reader, and he speaks out of his own experience. He would not have the engineer-manager become bogged in accountancy, but he emphasizes the value of accurate budgeting and costing techniques, and he does not hesitate to throw in a little elementary advice on the reading of accountants' figures. A salient point he makes is that 'overall company financial returns generally mask lower management effort'; production managers should thus assess clearly the profitability of their own departments.
The paper deals with experiments carried out between 1953 and 1957 as a joint venture, by South African Gold Mining Companies and the South African Council for Scientific and Industrial Research, on the demineralisation of mine water using the electrodialysis process. The work is surveyed in broad outline and is presented as an example of the application of electrodialysis, a relatively new technique for lowering the concentration of dissolved salts in water, which may be of increasing consequence to Civil Engineers.
The Author has presented an interesting paper showing how the details included in building regulations are determined. The writer agrees that the inclusion of empirical requirements for dimensions for certain conditions have practical advantages in the case of the many smaller buildings, especially dwellings. He feels however that to attempt to lay down empirical rules for buildings of three or four storeys in height would not be desirable because, to ensure the safety of these structures, there would have to be numerous limiting conditions and a very lengthy set of empirical rules. Persons without design experience would find these very difficult to follow and apply correctly.