FINANCIAL NOTES
HAWKER SIDDELEY PROGRESS.
JUDGING from the latest report of Hawker Siddeley Aircraft Company, I should say that the new capital for which the company is shortly seeking powers will be decidedly attractive. The accounts for the past year show that the subsidiary companies have contributed dividends during the past year aggregating £781,000, being an increase over the previous year of about £280,000. The gross income of the parent company for the year ended July 31st was L783,000 against about £503,000 for the previous year,le the net profit
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was L573,000 against £378,000. A final dividend is an- nounced of 171 per cent., making 321 per cent., compared with one payment of 3o per cent. for the previous year. In addition, however, there is to be a cash bonus of to per cent. comparing with a capital bonus of the same amount in respect of the previous year. Naturally the cost of the dividend now announced has increased by reason of the bonus shares issued last year and also by the issue for cash of 600,000 5s. Ordinary shares in June of last year which did not then rank for dividend.
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