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A SOUND BREWERY.
Notwithstanding difficult trading conditions, Peter Walker (Warrington) and Robert Cain and Sons, Limited, were able to show a moderate increase in profits for the past year. After placing a further £50,000 to the reserve, bringing it up to £450,000, and after making the usual grant to the staff superannuation fund, the directors are able to pay a final dividend of 5 per cent., making 71- per cent. for the third year in succession. This brief summary of the position placed before the recent meeting of shareholders by the Assistant Managing Director and Deputy Chairman, Sir Ernest Cain, was well received by those who were present. So also were Sir Ernest's observations later in his address with regard to the question of prohibition.
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