14 MAY 1932, Page 30

A CONSERVATIVE POLICY.

The shareholders of Schweppes, Limited, are now reaping the advantages of the conservative financial policy adopted by the Directors of that Company a year ago. As a consequence of ce of the caution then displayed n the matter of profit distribu- tion, the directors are now able to maintain the same dividend as last year, notwithstanding a diminution in profits. Last

summer, said Sir Ivor Philipps, when addressing the share- _ .

(Continued on page 716)

FinanciAl Notes

(Continued from page 714.) holders at the annual meeting, was one of the worst experf eneed for many years, and it was to the fact that their business was to some extent dependent on hot weather that the set-back in profits might be attributed.