11 MAY 1934, Page 34

DUNLOP RUBBER.

The latest report of the Dunlop Rubber Company is not only a good one as regards the results disclosed, but there are some specially interesting features. The Directors, in fact, must be congratulated upon presenting the accounts in a new and much fuller form, including the publication of a consolidated balance-sheet. In companies such as the Dunlop, Rubber and Imperial . Chemicals, where very .large amounts of capital are involved, it is the more necessary that shareholders should have the financial position presented in a full and clear fashion, and, this is particularly the case

where " Subsidiaries are concerned. Accordingly, the report now presented shows every detail of importance and interest to the shareholders, and the consolidated balance- sheet reveals a position of great strength. The total assets amount to £29,420,000, of which total, fixed assets represent £15,565,000, investments £1,195,637, and current assets £11,336,708. The goodwill for the whole combine stands at only £1,823,663 and there is a surplus of current assets over current liabilities of over £8,000,000, while surplus and reserves amount to £4,615,000.