27 MAY 1938, Page 48

LONDON COUNTY FREEHOLD PROGRESS London County Freehold and Leasehold Properties,

which is a very large owner of flat properties in the London area, has done well to increase its revenue from £392,470 to £396,101 and to maintain a total distribution of ii per cent. for the eighth successive year. Mr. Thomas J. Cullen, who presided at the meeting on Wednesday in the absence of Sir William Burton, explained that the increased revenue of the past year had been earned in spite of increased outgoings. Those increased outgoings necessarily affected the income from flats let at inclusive rentals until rents could be adjusted. Until the national anxiety of the last few weeks of the company's financial year the percentage of void flats was steadily less than at any corresponding period since 1932.

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