PROMISE AND PERFORMANCE.
Not only in those shares I have mentioned, and others which might be cited; has, there been a deplorable- diff, erence between promise and performance, but in Some ,cases 'quite recent -statements by. the directors were-.9f an encouraging character. Thus, at the statutory meet- ing of Anti-Dazzle Screens Limited, held at the beginning 9f November, the chairman_ stated that the anticipated profits had been based upon the estimated output of 60,000 screens per annum, and added: " You will appre- ciate, therefore, how inadequate were our original pro- duction arrangements when I tell you that the company has completed sales for over 125,000 screens within the last two- months, representing in- profits more than the 'total capital." Reference was also made to the accept- ance of an offer for the United States Rights of 50,000 dollars cash, plus a royalty -of. 20 cents. per screen, and various subsidiaries were to be floated to handle the Canadian and Continental rights.
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