25 JUNE 1932, Page 32

GENERAL ELECTRIC.

If we remember the abnormal conditions of the past year, the falling off in profits of the General Electric Company from 81,122,000 to 11,058,000 seems comparatively mall. The directors, however, have wisely pursued a cautious policy and have kept up appropriations to the reserve even at the expense of a small reduction in the dividend rate which is reduced from 10 per cent. to 8 per cent. A further sum of 1130,000, however' has been added to the reserve, raising it to 81,420,000, and the report states that the com- pany's works have been well employed. The balance-sheet also shows a strong position, the company's liquid resources amounting to 11,558,000,,being an increase of about 8884,000,

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