Financial Notes
(Continued from page 602.)
Cumtic.u. IrcnusirmEs.
Exceptional interest is always taken in the Annual Report of Imperial Chemical Industries by reason of the fact that owing to the wide scope of the Company's operations the results are regarded as a fair reflection of an upward or down- ward movement in industrial prosperity. The recent increase in the dividend on the Ordinary shares had prepared the market for a good report and expectations were fulfilled by the document which was issued at the week-end. The gross profit of £7,633,945, compared with £6,415,423 in the previous year and with only £4,668,685 for 1931. Out of the profits for last year, a sum of 11,000,000 is allocated to General Reserves, while the dividend has been raised from 6 to 71 per cent. The balance-sheet too is an exceedingly strong one, the Company having reserves amounting to £9,750,000, while Obsolescence and Depreciation now sands at £4,750,000. Government Securities also stand in the balance-sheet at £5,676,000.
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