16 JUNE 1928, Page 30

BLEACHERS' RECOVERY.

There is a very satisfactory recovery to note in the latest Report of the Bleachers Association. In the previous year and mainly by reason of the coal strike and the cotton trade depression, the profits had fallen to 2326,656 as compared with 2764,971 for the previous year. That reduction in profits, moreover, had followed upon a capital bonus of 60 per cent. in new shares and as a consequence the dividend a year ago fell from 20 to 71 per cent. For the past year, however, there has been a recovery in the net profit to 2597,325, and after allowing 2454,442 for maintenance and repairs and setting aside 2200,000 to Depreciation and paying debenture interest, a dividend is announced of 10 per cent. and 275,000 is carried to the Reserve.