SPILLERS' PROGRESSIVE POLICY
Sir Malcolm Robertson, the chairman of Spillers, assured the shareholders at Saturday's meeting that the company, in common with the other millers who were co-operating with the Government in its wheat purchase and storage plans, had received no remuneration for its services. He showed that Spillers have meanwhile pressed ahead with extensions to the various units of their. organisation ; the new mill at Newcastle has been completed, and is in full production ; in London the completion of the 15,000-ton addition to the silos brings the total capacity up to 38,000 tons ; extensions and improvements are in progress at the company's other mills, and the acquisition of the ordinary capital of Hosegood Industries strengthens the position in the West of England and South Wales. Sir Malcolm also disclosed that although the depreciation on the company's investments was greater than a year ago, this depreciation was covered several times by the investment reserve.
* * * *
Previous page
