22 FEBRUARY 1935, Page 47

HARRODS REPORT.

The full report of Harrods, Limited makes it quite clear that the recent Increase in the dividend from 15 to 16 per cent. is thoroughly justified -by the .expansion, of profits. VOr the year ending January 31st the net profit was 1708,900, and after. placing-£20„000 to Special Reserve, the balance carried forward is well above the level of last year. Moreover, in the balance- sheet the Company's holding of Government Securities stands at an Unchanged book 'value of £1,294,034; but-their market value on January 81st was £1,423,764, against 11,302,286 a