• B.S.T. AND NEW ISSUES.
A sound business-like statement was made at the recent meeting of the British Shareholders Trust by the new Chairman. After paying a well-deserved tribute to the part played by the Managing Director, Mr. Edgar Crammond, in his conduct of the affairs of the Trust, the Chairman was able to ' show a very satisfactory position. In the first place, it was satisfactory as regards the financial position of the company, the directors paying a dividend of 6 per cent.. after carrying 125,000 to Reserve and then taking forward nearly £20,000. '10 addition; the balance sheet shows a liquid position, while it was stated that the market value of the securities held amounted to Substantially more than the value of the capital Of the Trust. The statement was also satisfactory because it was shown that very successful industrial -issues had been made by the B.S.T. 'during the year. Indeed, the company has achieved a well-deserved reputation with regard to the general character-of the industrial securities which have come out under-its sponsorship.
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