14 FEBRUARY 1931, Page 45

No CHARTERED Bosrus.

The recent announcement by the British South Africa Col mpany of a repetition of last year's dividend of Is. 3d. per share, less tax, but minus any bonus, was disappointing to the market, for a year ago the bonus was 9d. per share, making 2s. in all, being equivalent to 134 per cent., Chartered shares, of course, being of 15s. denomination. For the three years prior to 1929 the dividend was Is. 8d. per share plus 3d. bonus, so that the present distribution is the lowest for five years.