6 DECEMBER 1935, Page 40

TOBACCO TRUST STATEMENT.

It was generally anticipated that Tobacco Securities Trust would show a diminution in earnings and, as a matter of fact, the net profit was only 2527,103, against .2758,409: A final dividend is announced at 10 per cent., making 15 per cent. for the year, against 19 per cent. for the previous year on the Ordinary capital, while this year there is no distribution on the Deferred Stock which last year received over 18 per cent. * .