BIG INDUSTRIAL BONUS. ,
Undoubtedly one of the influences responsible for the continued strength of industrial shares is to be found in the fact that every now and then there is evidence of some of the Industrial Companies offering- profits comparable with those of gold mining or purely speculative ventures. Thus, in the latest report of D. Gestetner Ltd.,• the duplicating -machine manufacturers, a further big increase is shown in the profits which amount to £121,364, compared with £71,782 for the previous year. A final -dividend is recommended of 17f per cent., making 30 per cent. for the year on the Ordinary shares, which are now of 5s. denomination. It will be recalled that the Preference shares were reduced to 15s. and the Ordinary to 5s. each with the return of 5s. per share in each case last November, and in January 200,000 Ordinary 5s. shares were offered to shareholders at par. It is now prOPosed to place £32,367 to Reserve, making that fund £142,500, and to capitalize £42,500 of this sum in paying up 170,000 Ordinary shares to be issued -in the proportion of one New share for every five Ordinary shares held. The balance sheet also dis- closes a very strong liquid position.
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