5 NOVEMBER 1927, Page 37

When allowance is made for the extent to which hotel

just announced by the Hotel Cecil must be regarded as satis- have been enabled to maintain the 41- per cent. dividend with business was adversely affected, during the year ending August 31st, by the coal strike and its after-effects, the results

factory. The trading profit of about £71,000 only showed a reduction of something like £1,500. The Directors, therefore,

a slight increase in the balance carried forward. At the present low price of the Ordinary and Preference shares the yield, on the basis of present dividends, is about £7 4s. and £7 3s. per

cent. respectively. * * * *