10 MARCH 1928, Page 53

Linsaires.

Great steadiness usually- characterizes the annual figures of Liberty's. For the-past ,fiseal year the' profit was £81,083, against £89,645 for-the -previous - year:- After providing for depreciation-- and- repairs- and renewals, a`- further sum of £50,000 is added to the reserve, thus raising it to no less than £700,000. In pursuanee the same conservative policy, only £26,000. is dishirrsfd- in dividend, of which £6,000 is for the preference shires..j, The ordinary capital is small, and the balance. permifs a dividend at the rate of 20 per cent:. • -