16 NOVEMBER 1934, Page 36

AUSTRALIAN MERCANTILE.

It is satisfactory to note that the Australian Mercantile Land and Finanee Co. shows an improVement in its latest Report, the net profit, after providing for Debenture Interest, being £79,466, against 154,262.- The Board, however, are continuing to pursue a conservative policy, and are again restricting the dividend to 2 per cent. free of tax. The directors point out that wool prices have fallen away since last