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AGAR, CROSS.
At the recent annual meeting of Agar, Cross and Company the Chairman, Mr. Stuart C. Sheppard, explained that with the proceeds of the recent issue of £350,000 in 51 per cent. Five-year Unsecured Notes the Company had been able to effect cash settlement of indebtedness to their two principal American suppliers, thus obtaining a substantial saving in accumulated interest charges. The gross debit balance, the Chairman said, now stood at £310,195 as against £537,700 and no resumption of dividends on the Preference shares is, of course, yet possible. There has been a substantial rise, however, in the Company's sales during the past year, and the Chairman reported a still further improvement for the first
five months of the current financial year. * * * *
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