IMPERIAL TOBACCO—RECORD FIGURES.
iithOUgh the profits of the Imperial Tobacco Company the year ended October 31st last show an increase of only 90D the total profit of 28,964,000 constituted a record in rY of the Company. The ordinary shareholders L'u' as dividend at .the same rate as a year.ago, namely, Per While a feature of the report is, the excellence of the balance-sheet, in which there are sonic interesting changes as compared with a year ago. - There is an advance in the book value of investments in associated companies from £6,500,000 to just over £8,000,000. On the other hand the holding of Government and other securities is down by nearly £2,500,000, which -looks as though there might have been some sales of investment stocks, to take up the new issue of British American TObaceo Company shares to which the Imperial
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