4 MAY 1929, Page 48

GODFREY PHILLIPS.

At the twentieth annual meeting of Godfrey Phillips, the Chairman (Mr. Arthur I. Phillips) was able to show that the company had increased its net trading profit for the year by nearly £16,000. Moreover, the. Chairman spoke most cheerily with regard to the outlook, saying that he saw no reason to contemplate less satisfactory results for the current twelve months than for the year that has passed. Indeed, he stated that, for the first quarter of the present year there had been a further advance in trading, both as regards external and export trade. The company has an excellent record extending over a period of years both as regards profits and satisfactory balance sheets.

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