MOND NICKEL.
When allowance is made for the prolonged coal stoppage, the financial results of the Mond Nickel Company for the past year were by no means unsatisfactory. Gross profits, it is true, were down by £46,000, but thanks, in part, to a reduction in debenture interest, the net profit was only down about £30,000 and the company was able to pay a dividend of 2s. 6d. on its ordinary shares for the year. More- over, at the recent annual meeting, the chairman, Sir Alfred Mond, was able to speak very hopefully. The outlook was, he said, more promising than it had been at any time within his recollection. Deliveries of nickel during the last financial year had exceeded those of any previous year and every effort was being made to broaden the uses of the metal. Sir Alfred Mond always speaks as the expert and with con- siderable caution, and shareholders who attended the meet- ing were the more impressed by the optimism displayed.
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