AN INDUSTRIAL RECOVERY.
t• It is some time now since the finances of the Criterion Restaurants began to show improvement, and last year the results -Were distinctly encouraging. There was a- trading profit of -239,000 -as compared with £21,000 and it was the first time that a net profit was shown, after meeting all interest charges, since the year 1919. The accounts still show somewhat heavy indebtedness on debentures, mortgages and bank loans, and the charge for interest and redemption last year is as • much as £28,000. In connexion, however, with the rearrangement of the mortgages, there is to be a saving of interest and sinking fund charges in the future of over £10,000 per= annum, while further income is to be derived from lettings of premises owned .by the company. It look.% therefore, as though it might not be very long before the
Ordinary Share capital receiveda dividend. : A.W.K.
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