Financial Notes
THE CUNARD REPORT.
THE Cunard Steamship Company may be regarded as reaping the reward of sound financial management during a• very difficult period. The Report published during the past week is indeed a satisfactory one in many respects, and it is not surprising that it should have occasioned a rise in the shares. Notwithstanding the fact that the balance brought in at the beginning of the year was smaller than. in the previous, year' the increase in the profit was so marked, namely, from £888,000 to £516,000, that the Directors were ablk to, raise.the dividend from 5 to 6.per cent., and to place £100,000 to the Reserve, and to carryc-forward 2183,710, against -2169,758 last*yearr Moreover; a year ago nothing was placed" to the Reserve. The company also continues to show a good liquid position, the holding of cash exceeding £900,600. In view of the melancholy results which have been disclosed by many of our big industries, as a consequence of last year's industrial" depression, this shoWing by the Cunard company is very refreshing, and the Directors-record with some justifiable pride that throughout the coal stoppage the Company's tranSatlantic services were carried on with abSolute punctuality. - • " "- • - * * '*
Previous page
