20 FEBRUARY 1932, Page 36

SELFRIDGE REPORT.

The latest Report of Selfridge & Company justifies, I think, good management during difficult times, for, in spite of the depression, the directors are still able to show a trading profit of over £400,000, which compares with £481,000 in the previous year. A larger amount has had to be paid during the year under guarantee to William Whiteley, Ltd., the increased amount being £21,000. This is one of the explanations of the dividend being 8 percent. against 10 per cent., but the balance- sheet shows a strong position,Ithe total amount of cash in hand being £115,714 as compared with £91,275.

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