14 MAY 1927, Page 47


The profits of Bryant & May continue to advance, and in noting the maintenance on the present occasion of the 12i per cent. dividend (tax free) on the Ordinary shares, it must be remembered that the capital has been increased during the year both as regards Ordinary and Partnership shares. The actual net profits for the year amounted to £387,000, as compared with £335,000, and the amount allocated to Reserve is £106,000 against £80,000, while large amounts are also placed this year to the Pension Fund and to the Employees Benevolent Fund, and a further sum of £100,000 has been written off properties, buildings, &e. It is interesting to note that the Directors refer to the altera- tions made in the Budget with regard to the match duties as one " which will in the opinion of the Directors prove fairer to the British manufacturer and to the consumer, and at the same time be more remunerative to the Exchequer."