19 FEBRUARY 1927, Page 39

MAPLE'S REPORT.

lien all allowance is made for the exceptional trade de- Ion, the annual report of Maple and Company must be riled as a satisfactory one. There was a moderate reduc- in profits, but the dividend is maintained, and the carry ard slightly increased, and there has been a small alloca- of £1,500 to the Reserve, which, however, compares 'about £25,000 last year. Where changes have occurred he balance-sheet they are usually of a favourable character, movements including an increase in the amount of cash gilt-edged investments, which aggregate the fairly high Iof £581,000. Liabilities to creditors show a reduction ; amount owing to trade creditors was only £2,520.