Business conditions worsened after 1920 as the post-war mini-boom ended. The trade press responded with promotional material and Frank contributed an upbeat article heralding modern developments and the promise of higher education [21]. W. Gilbertson & Co. Ltd. advertised their full range of products, including some long-established brands which had been manufactured for decades.
The total percentage dividend payable on ordinary share capital (as compiled in Table 2 of Peter Jackson’s book [4, p. 245]) is plotted in blue for each financial year. No dividend was paid in 1903 and 1904 to allow profits to be re-invested in new plant, which repaid handsomely over the next few years. In contrast, after 1920 profits dwindled and there are no records of dividend payments after 1925.
Frank’s increasing involvement with establishing the University College of Swansea is indicated below the time axis from 1916 onwards, with his two periods as President after the Foundation on 19th July 1920 shown by the solid red line.
Photographic portrait of the Honourable Mr Justice Sankey. Sankey was a heroic figure because he recommended coal nationalisation and for that reason his portrait was hung in a place of honour in the South Wales Miners' Federation offices in Cardiff in the 1920s. The portrait is a bequest to the South Wales Miners' Library by the National Union of Mineworkers, South Wales Area.
