Finance—Public and Private
(Continued from page 478.)
'Financial Notes
TRAMNR HAVEN RESULTS. '
The latest report of the London and Thames II.1 ven oil Wharves Limited is quite a satisfactory one, the net profit of £214,000 comparing with £172,000 'in the previous year. The capital, however, had been increased diming the year by £300,000, and at the recent meeting the Chairman stated that it was apparent that they could not declare' the same divi. dends and bonus without either curtailing depreciation or encroaching slightly upon the amount brought forward. The Directors preferred to take the prudent course ; and while, therefore, the final dividend was again recommended at the rate of five-per Cent., free of tax, making ten per cent. for tte year, the bonus is four per cent., less tax, as compared with five per -cent. a -year ago. The Chairman remarked that the Company had withstood the stress of the recent difficult times largely because over the whole period of its existence it had been wisely managed and its reserve strength had be consistently built up and usefully employed. To-day he added, " its assets were not only unimpaired, but stronger than at any time in its history."
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