13 JUNE 1925, Page 26

FINANCIAL NOTE

The results of the Columbia Graphophone Company provide a striking commentary upon the world-wide popularitwif the gramophone, for the company is paying a total dividend, including bonus, of 40 per cent., and adding considerably to the balance of undivided profit. The balanc(---ilieet shows a remarkably high degree of' liquidity for a commercial com- pany,, and from being an offshoot of an American company, the British concern, under its able management, has attained such prosperity that it is now obtaining control of the successor to its American parent, thus securing that the -company's trade name will he associated only with products in which the shareholders of the British company are interested.

A. W. K.