COVENT GARDEN PROPERTIES-CAPITAL INCREASED.
At the recent annual meeting of shareholders of the Covent Garden Properties Company, Limited, the chairman, Mr. Philip E. Hill, was able to state that income from rents, tolls and interest on investments amounted to £252,387, an increase over the previous year of about £24,000. For the tenth successive year the directors are paying a dividend of 74 per cent. on the Ordinary shares and this has been accomplished although during that period the rates payable in respect of Covent Garden Market have materially increased. Following the general meeting there was held an extraordinary general meeting when proposals were approved for the increase of the Ordinary share capital to £1,300,000 by the creation of a further 65o,000 Ordinary shares of £t each. The whole of the Ordinary shares are to be issued on bonus terms to existing Ordinary shareholders.
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