When, a few days ago, the Triplex Safety Glass Company
announced the maintenance of a dividend for the past year at the rate of 25 per cent., there was a slight set-back in the price of the shares. It is not surprising, however, that there has since been a recovery, for the Annual Report is an excellent one,, showing that the gross trading profit rose to £130,787, as compared with £97,225 in the previous year. Out of these profits £23,049 has been applied to Depreciation and obsolescence of plant, &c., and £37,500 has been appropriated to cover the entire cost of the purchase of the " Protectoglas-s " business, leaving the book value of goodwill, patents and trade marks at the nominal figure of £1. A comparative statement which accompanies the Report, shows that over the past sis years, during which Mr. Graham Cunningham has been managing director, the profit has risen from £14,120 to £130,787, while the financial position has been immensely strengthened even after returning 10s. per share in eash to shareholders. At their present price of 81s. 6d. for the 10s. shares the yield to the investor is under 3/ per cent.
A. W. K.
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