17 APRIL 1926, Page 46

THE LEVER POSITION.

Although the annual Report of Lever Brothers confirmed expectations of a suspension of dividend on the Ordinary Shares, it revealed in some other respects a better financial position than had been anticipated. The profits themselves rose from £5,418,000 to 25,502,000 and the position of the company has now been strengthened by the fact that after paying the Preference dividends, the surplus has been carried to Reserves. On the other hand, the visible Reserves them- selves have been written down, while the balance-sheet shows a good position, the total of Cash at £1,054,000 being about twice the amount of a year ago whilst there is a reduction in the liabilities to creditors.