10 AUGUST 1934, Page 30

FRIARY, HOLRd ' YD AND HEALY. Further evidence of improvement in the

Brewery trade is given in the report of Friary, Holroyd and Healys, the result for the year ending June 30th last showing that the trading profit increased from £145,054 to £178,081, the net profit rising from £89,560 to £127,551. The dividend for the year is 10 per cent., compared with 74 per cent. for the previous year, while £40,000 is added to the reserve. The carry forward has also been slightly increased, and the balance-sheet shows a sound pOsition. The Ordinary shares are now quoted at 47s., which gives a yield to the investor of about 44 per cent. * * * *