BOOT'S PURE DRUG.
The statements made at the annual general meeting of Boot's Pure Drug Company confirm the favourable impression which had been created by the annual report to which I referred recently in these columns. The payment recently announced of a bonus of ls. per share, free of income tax, in addition to the Ordinary dividends, obtains additional value (Continued on page 892.)
Financial Notes
(Continued from page 891.) by the fact that it is accompanied by a conservative policy with regard to allocations of profits. A sum of £30,000 has again been transferred to the General Staff Pension Fund, while a further £100,000 has been transferred to the Reserve, raising it to £1,500,000, while there is a further '.transfer of £100,000 to the Works Development Fund, leaving an amount of £190,000 to be carried forward. In the course of his remarks the Chairman stated that the Depreciation Fund of the company since 1929 had increased by £157,000, the total reserves by £600,000, and the fixed assets by £951,560, and during that period the company has paid a steady dividend of 24 per cent. and a bonus of Is. per share free of tax.
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