5 OCTOBER 1934, Page 36


The latest annual report of the Rover Company made up to August 4th last shows a very considerable rise in trading profit, the figure being 2188,938, compared with only £47,032 in the previous year. A sum of £35,170 is allowed for depre- ciation, against £80,887, and a further £5,000 is placed to development reserve, leaving a net profit balance for the year of £89,439, against £7,511. The balance sheet shows a strong financial position, the bank loan of £104,000 having dis- appeared, though creditors and credit balances have risen

from £150,000 to £244,000. _ A.- W. K.