In view of the long pause in the number and extent of new capital issues, it was to be expected that the Charterhouse Investment Trust, which has a well-deserved reputation in the matter of industrial and other capital flotations, should have experienced some decline in its profits for the past year. As a matter of fact, the fall was from £192,698 to £141,336. The dividend on the Ordinary Stock is maintained at to per cent., but it must be remembered that during the year the capital of £i,000,000, which was in Ordinary Stock, was increased to £1,5oo,00o, divided equally into 44 per cent. Preference and Ordinary Stock. The balance-sheet is a strong one, showing nearly £1,300,000 of floating assets against current liabilities of only £143,000.