DALGETY . S.
In view of the present crisis in Australia it was to be expected that the profits of Dalgety and Company, the well- known Australian merchants and financial house, should have suffered, and as a matter of fact the net profit came out at £236,000, as compared wish £423,000. The company, however, has very wisely in the past limited its dividend and distributed extra profits in the shape of bonus. Accordingly, the dividend is declared at the rate of 10 per cent., but the bonus of 7s. per share, tax free, which has formerly brought the distribution to 17 per cent., is this year omitted. The 10 per cent. dividend, however, is still paid, free of tax, and the balance-sheet continues to show a sound and liquid position with a carry-forward of £238,888.
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