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SELFRIDGE RESULTS. the case of Selfridge and Company, Limited, net trade ' are shown of £504,000, which is equal to the results of ago, but it is pointed out that the total only includes a Year's dividends from the businesses recently sold, the obtained from their sales not having been in hand long to offset the non-receipt of such dividends, which last represented £33,700 net. Moreover, these are the amounts Providing for Income Tax, which this time requires instead of £45,000. It will be seen, therefore, that in - there has been a substantial increase in net profits. magain there are large allocations to depreciation and to les, while the dividend on the Ordinary shares is raised red to 20 per cent. The higher dividend, however, is less tax, whereas it had previously been free of tax ; rate is really equal to 16 per cent. on the old basis. A. W. IC.
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