24 OCTOBER 1931, Page 44

CENTRAL ARGENTINE RESULTS.

As in the case of the Buenos Aires Great Southern, so with the Central Argentine Railway Company the directors have had to face a huge loss on the exchange. So far as gross revenue was concerned the decline amounted to about £400,000 against which, however, there was a cut in expenses of £450,000, thus giving an actual increase in net revenue. On the other hand, however, the loss on exchange amounted to nearly £800,000, though it should be noted that the figure covers provision for -currency depreciation over and above actual loss on remittance. The dividend on the Ordinary Shares is only 1 per cent. against 5 per cent. for the previous year, but the carry forward has been increased from 2285,000 to £553,000.