LYONS.
The fine organization and management of Joseph Lyons and Company has for a long time past been very generally recognized, and it is again reflected in the latest annual report of the company, which shows that, not- withstanding the great trade depression, the profits for the past year actually increased. The dividend and appro- priations are on the same scale as a year ago, but, after adding £100,000 to the reserve, the balance carried forward has been increased from £33,226 to £49,782. - Actuall-r,tho -
total of profit for the year. was £942,320, against £935,871. The shareholders are now being &sled to approve the creation of one million additional 7 per cent. Preference shares to rank with those already issued. _ There is no intention of issuing them immediately, but* it is thought to be advisable to obtain the necessary powers-and it is also stated that the increase is being made to provide for certain proposed building costs and general business requirements. * * * *
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