DUNLOP PROGRESS.
The annual report of the Dunlop Rubber Company is an encouraging dm. There is a recovery to note in earning power while the balance-sheet is a strong one. The gross profit for the year was 11,542,000 against £1,182,000, while the net profit was 18.60,000 against £480,000. A year ago no divide0 ' was paid on the ordinary shares, but this year the dividend is 4, per cent, and even after paying the dividend the carp' forward is more than 160,000 better than last year, Not , only so, but before arriving at the profits shown in the report –(Continued on page 698.) -
Financial Notes
(Continued from page 690.)" the Directors set aside 1.861,000 as against /219.1100 ordinary depreciation, while £200,000 has been allotted to the obsple3eence reserve. This provision is in connexion with internal reorganization of the manufacturing Side ; the a t ivities of certain of the subsidiary companies have been takrn over by the parent company. The balance-sheet is a very strong one, and the bank balances, deposits and cash are 11.500,000 higher at 13,245,000.
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