24 DECEMBER 1927, Page 28

A PROSPEROUS TOBACCO COMPANY.

There seems to be no limit to the earning power of Carreras, Limited. Notwithstanding the fact that for last year the company had to pay upon a capital one-half as much again as in the previous year, the directors were able to maintain the 50 per cent, tax-free dividend and that notwithstanding certain handicaps. At. the annual meeting the chairman explained that for more than half of the year the company had to bear the additional duty of 8d. per lb. on tobacco. The company was apparently also somewhat handicapped as regards factory space. A new factory, however, which the chairman said would be a model for the whole world, is now being constructed on a site in Hampstead Road.