GENERAL ELECTRIC RESULTS.
Since a determined bid was made some months ago for large blocks of shares in the General Electric Company by America, interest in the affairs of that company seem to have been quickened. The results disclosed for the year ending March 31st in the Report just issued show that the company is continuing to prosper, but at the same time that the con- servative view adopted by the Board when fixing the terms of
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its last issue of capital is justified, for the company prudently keeps its ordinary dividend at 10 per cent., which means that on the present market price of the shares, the yield to the holder is only £3 17s. per cent. Nevertheless, the profits for the year of £1,084,000 show that the company is earning a higher dividend, and these are days when ordinary shares are bought fur " possibilities." The Directors are now transferring £130,000 to the Reserve, and are carrying forward the large balance of £302,071. It is satisfactory to note that during the year the company's works have been fully employed, and the demand for General Electric commodities has shown a steady expansion. The company's branches abroad also appear to have done well.
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