LYONS' NEW CAPITAL.
Although the dividend on J. Lyons and Co. is the same as for a year ago, the profits were rather larger at £757,000 not- withstanding last year's trade depression, while the company again allocates £100,000 to the Reserve. More than a dozen new establishments have been opened during the year and business appears to be still expanding, for the directors propose to double the 7 per cent. Preference capital by the creation of 2,000,000 new shares ranking pari passu, and of this increase 1,000,000 shares will be offered shortly to share- holders at a price which has still to be fixed. * * * *