5 OCTOBER 1934, Page 36


Not the least interesting feature in the Industrial Market of late has been the steady rise in the shares of motor com- panies, and during the last fortnight a feature has been a jump in Austin Motor shares on the wonderful profit state- ment. The trading profit, which' in 1932 was £1,078,000, increased in the following year to £1,188,440, and now for the past year the figure is £1,505,212, the net profit rising from £703,000" to £876,000. The dividend of 100 per cent. declared a year ago is maintained, but it is accompanied by a bonus distribution of 300 per cent. in shares. A further £50,000 is added to the capital reserve, and £300,000 to the general reserve. * * *