7 MARCH 1931, Page 54

AN EXCELLENT REPORT.

In these days of industrial depression it is encouraging come across so cheerful a report as that recently published Thomas Tilling, Ltd. Indeed, in some respects Industrials have something almost akin to speculative Mining shares the sense that during recent years there have been a (Continua on page '

Financial Notes f om 386.)

prizes where such high returns in dividends and bonuses have been secured as to impart what can only be described as a speculative element to the industrial market generally. The latest report of 'Fillings shows that the net profit for the past year was £272,789, as compared with £225,120 for the previous year, and the directors are able not only to maintain the 20 per cent. dividend, but in addition a bonus is announced on the ordinary shares of is. per share, less tax, with large alloca- tions to the reserve.. .