BRITISH INSULATED CABLES.
At the recent meeting of British Insulated Cables, Limited, Sir Alexander Roger, after noting the decline in trading profits for the past year, stated that the reduction arose mainly from a decline in orders affecting particularly some of the larger and older departments, but he added that present prospects indi- cated some improvement. The financial position of the company is a strong one, and last year a further addition of £60,000 to the Reserve raised that fund to £1,320,000, while £100,000 was allotted to Depreciation. Concerning the future. Sir Alexander stated that since the middle of last year a steady improvement in business had set in and that at the moment the Company had in hand a larger volume of orders than at this time a year ago. I think therefore, he added, " that our prospects are better than they were."
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