12 SEPTEMBER 1935, Page 36

* * * * HOTEL PROFITS.

The latest Report of Grosvenor House (Park Lane) makes a satisfactory showing for the past year, the profit being £107,774, against £102,583 in the previous year. The accounts also benefit by the recent Debenture conversion, thus reducing the charges on the profits. Consequently, the net profit, after deducting Debenture interest, Sze., was £64,114, as against £52,898. The Directors are now writing off the remaining balance of the Debenture conversion expenses and are paying a dividend of 5 per cent. The £1 shares of the Company now stand at about 16s. 6d., giving 'a yield to the investor of about 6/ per cent.

A. W. K.