26 NOVEMBER 1937, Page 43


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.