11 MAY 1934, Page 34

MARES AND SPENCER.

The financial results achieved by Marks and Spencer seem to justify the strength of the shares. Not only is the dividend announced at the rate of 35 per cent. in cash, but a total surplus profit over and above the cash dividend of £350,000, thus fully justifying the high dividend. It is now proposed to capitalize the sum of £120,788, being part of the General Reserve Account to enable the distribution by way of bonus to the Ordinary and " A " Ordinary shareholders of 241,576 shares at 10s. each fully paid, in the proportion of one " A " Ordinary share for every eight Ordinary and/or " A " Ordinary shares held.