2 JANUARY 1926, Page 35

CARRERAS.

In view of the very satisfactory report, it is scarcely surprising that, at the recent meeting, the directors' proposal to increase the capital of the company by the creation of 120,000 new " A " Ordinary shares of 11 each should have received the unanimous approval of the shareholders. The chairman, after referring to the great expansion in business during recent years, expressed the utmost confidence with regard to the future. The present financial year has certainly begun well, the business during the first two months being in excess of that for the corresponding period last year.

A. W. K.