6 AUGUST 1927, Page 28

Shareholders of brewery concerns seem to have become SD accustomed

to a never-ending expansion in profits that following the announcement by Watney Combe Reid and Co. of a dividend making the distribution on the Deferred Stock the same as the previous year, namely, 17 per cent., there was a reaction in the market quotation. Nevertheless, the statement is a most excellent one, £400,000 being placed to the Reserve as compared with £350,000 a year ago, while the carry forward of £280,000 exceeds last year's figure by £35,000. In fact, allowing for the amount brought into the previous year, an increase in the net profits is pretty clearly indicated and the financial position is a strong one.