fitiancial Notes
SULPHIDE CORPORATION.
Not the least interesting, among the statements made by the Earl. of 'KintOre -at the 'recent 'Meeting of the Sulphide Corporation was his allusion to the conferenees of zinc and lead smelters that 'have' lieen held receritlY,' with the object of regulating production. .Stabilization of this industry is, as he very properly remnrked, a very difficult thing to bring about, but at all events it would seem that co-operative action between the leading zinc smelters has been successful in bring- ing about a general reduction of output, without .which an even greater fall in prices might haVe occurred. Once again the company has prodUced a 'thoroughly -Seimd balance-sheet, and the shareholders are benefiting greatly-by the conservative policy which has been adopted for so 'many yearS. The latest balance-sheet exhibits a holding of British Governinent Securities of £365,000 against £257,000 a year ago, while the cash balance is £107,537 against £77;371.
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