1 APRIL 1938, Page 44

RICHARD COSTAIN PROGRESS.

While refusing to foreshadow the future, Mr. R. A. Costain, the chairman of Richard Costain, the public works contractors, was able on Wednesday to give the shareholders the satis- factory news that sales of houses this year had been distinctly better than in the corresponding period of last year. He indicated that the general reserve of £5o,000 was adequate for present purposes. Mr. Costain dealt at length with the problem of whether expenditure on bomb-proof shelters would receive relief from income tax and rating assessments, and urged the Government to give some further encourage- ment in that direction.

J. D. M.