At a meeting of the Directors held on the 28th February Dr. Simon stated that turnover for the first quarter of the new financial year ending December 1946 was £20,000 approx. This compared with about £50,000 for the previous financial year but even so, Dr. Simon, felt that the net profit was not entirely satisfactory and consideration would have to be given to increasing the selling prices. It was also reported by Dr. Simon that Mrs. D.I. Wood, who had joined the company in 1932 and became a Director and Secretary in 1937, had tendered her resignation for health reasons. She would still remain a Director and was thanked by Dr. Simon for her loyalty and service to the company particularly during the time he was away in 1940/41. During this very difficult time Mrs. Wood had taken on the responsibilities of managing the company which also included becoming involved with the manufacture of polishes. Dr. Simon also announced that Mr. HE. Hadley, who had recently joined the company, would be appointed Secretary. The proposal that Dr. Simon be appointed as Chairman of the Company was unanimously agreed. In March 1947 Mr. C.V. Lawton returned from service with the Royal Air Force and became quickly involved in setting up a small laboratory. Dr. Simon was very anxious to exploit the market for paints and the manufacture and development of his formulations were undertaken by Mr. Lawton. Shown in {_50_} is a formulation from Mr. Lawton's laboratory note book for a Chlorinated Rubber Paint Green.

Dr. Simon had produced this type of paint in Germany and it's outstanding weather and chemical resistance were properties he felt could be promoted in this country. In considering the future of the company and planning for it's growth, Dr. Simon was aware of the many advances that had been made during the war in the fields of Synthetic Rubber and Plastics Chemistry. He realised, from discussions with personnel at Lotus Ltd., that the Shoe Industry was going to face problems in sticking the many new plastics which were now starting to be marketed. In particular shoe soling materials manufactured from Synthetic Rubber and Resin Compositions could not be satisfactorily used in con junction with the currently available adhesives. Dr. Simon was aware that in the U.S.A. work on Synthetic Rubbers had made impressive progress during the war. In order to exploit this knowledge it would be necessary to form an association with an American Adhesives Manufacturer. In early June it was learned that an American Company - Angiers Products Inc. of Massachusetts - were seeking a British company to manufacture their adhesives under license. Following discussions between Angiers and Evode it was agreed on the 30th June that adhesives, initially for the shoe trade, would be manufactured and solely distributed to the Shoe Trade by Vik Supplies. The agreement was sealed and signed in September. Following the signing of the agreement information on formulations, manufacturing procedures etc. started to arrive in Stafford from Angiers. Plans for constructing a two gallon churn to produce adhesives were passed onto a local Engineering Firm and in December Mr. C.V. Lawton produced the companies very first Adhesive. The formulation is shown in {_51_} and the rubber used was scrap crepe soling obtained from Lotus. The first attempt to produce a Rubber Solution was a total disaster. The strips of rubber 1" x 6" - were much to large and eventually, as the solution thickened, they became jammed between the mixing arms inside the churn and the load on the electric motor caused considerable damage which was too costly to repair. The problem was partially corrected by installing a more powerful electric motor and fitting the churn with a car starting handle which could be used to provide human assistance when ever the electric motor could not turn the mixing arms. A number of rubber solutions were produced in this manner for trials at Lotus. an application was made to register the trade mark "Evo-Stik" see {_52_} The Directors report for the year ending 1947 is given in {_53_} and shows a satisfactory increase in the Credit Balance.