14 MARCH 1931, Page 51

A GOOD REPORT.

In view of the general conditions of depression share- holders of the British Portland Cement Manufacturers may be congratulated upon the results for the past year, the profit being well in excess of that for 1929. Consequently the directors are enabled to maintain the dividend of 15 per cent., while the carry forward has been increased from £194,429 to - 1204,452. In their report • the directors refer to severe competition in all markets both at home and abroad, in the face of lower selling prices, but further economies have been effected. The balance sheet is also a strong one.

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