18 JUNE 1927, Page 45

Shareholders of the Hudson's Bay Company were a little disappointed

at the dividend announced last week. No further

dividend is paid in respect of trade, but one at the rate of 10 per cent., free of tax, is recommended on account of the Land sales, a dividend which compares with only 3f per cent. for the previous year. Consequently, with the interim dividend of 10 per cent. in respect of trade, paid at the beginning of this year, the total distribution will be 20 per cent. on £1,500,000 (of which 10 per cent. is free of tax) as compared with 23/ per cent. on £1,000,000 in 1926 (of which 31 per cent. was free of tax): • * * * *