12 JUNE 1926, Page 45

HUDSON • 'S BAY LAND SALES.

A good feature in the dividend announcement of the Hud- son's Bay Company is the great improvement in the matter of the-land sales. Not since the year 1922-3 has a dividend been paid on account of land sales and then it was' only 2 per cent. Now, however, a distribution is recommended of 11 per cent., while as regards the Ordinary trading a final distribution is recommended on the original 11,000,000 Ordinary Shares of 5 per cent. and a bonus of 5 per cent. This, with the interim dividend paid last January, means that the total distribution is 20 per cent., or the same as last * * * *

year.