COVENT GARDEN PROPERTIES.
At the recent annual meeting of Covent Garden Properties. the Chairman, Mr. Philip E. Hill, spoke in optimistic terms with regard to the outlook. He expressed the view that a substantially higher revenue may be expected in 1935 and the following year, while looking a little further ahead he said that as far as could be reasonably foreseen, a sum in excess of their present dividend requirements would be available from revenue alone. With regard to the Company's £250,000 invested in freehold ground rents, Mr. Hill said that the present seemed a favourable moment to realize such a security, and he held out the prospect of its being dealt with during the autumn. At the .present price of the Ordinary Shares of Covent Garden Properties the yield to the investor based on the current rate of dividend is nearly 6 per cent. A. W.
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