2 JULY 1937, Page 48

TELEPHONE RENTALS.

The Spectator of last week contained a summary of the proceedings at the Annual Meeting of Telephone Rentals, Limited, when the Chairman, Mr. Fred T. Jackson, presented an encouraging statement to the shareholders. The Company's trade, he said, had expanded in nearly every direction during the year, so that a net profit had been secured of £108,003, making possible a dividend of to per cent. for the year, with a good balance forward. Reference was made at the meeting to an early further issue of shares, raising the capital from £700,000 to £800,000. * * * *