10 DECEMBER 1937, Page 52


Presiding at the recent annual general meeting of the Associated Equipment Company, the Chairman, Mr. C. W. Reeve, referring to the higher profit secured on trading as a r.tsult of increased orders, expressed regret that the amount of profit per unit sold was on too small a scale. The final cividend is declared of 13d. per £i unit of stock, making for the year a total dividend, free of tax, of 18d. per Li unit of stock, which is equal to to per cent., subject to tax, for the whole year, leaving to be carried forward £260,000, as zgainst £255,000 brought in. The Chairman said that the accounts showed a very liquid position, for the current assets exceeded current liabilities by £1,149,000.