UNITED DOMINIONS TRUST.
I must congratulate the Directors of the United Dominions Trust, Limited, upon the celerity with which their 'latest report has been issued. The accounts were made up • to June 80th last and the Report was ready for publication on July 4th. The Report itself is also a good one showing a steady progress in profits, which for the past year constitute a record in the history of the Trust, being 21 per cent. over the figures of the previous year. The Directors, however, (Continued on page 80.)
Financial Notes
(Continued. from page 78.)
are continuing to pursue a conservative policy, and after transferring 275,000 to the General Reserve against £60,000 last year, the dividend of 15 per cent. on the " A " Shares is maintained, and also the 5 per cent. on the " B " Shares. The balance-sheet shows a strong position; the consolidated statement of assets and liabilities exhibits a total of cash of 2676,000, while the Reserve is up to £400,000.
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