19 MARCH 1927, Page 52

A GOOD BALANCE SHEET.

In their balance-sheet made up to December 31st last the ranking and Accepting House of S. Japhet and Co. make a distinctly strong showing. There is a further addition to the Reserve of £50,000, making it up to £300,000, while Deposits have risen by no less than £1,000,000 to £5,319,000. the Cash also advancing from £1,581,000 to 12,218,000. Investments are 2300,000 higher at 21,314,000, of which £972,000 is repre- sented by Treasury Bills and other British Government Securities.