17 MARCH 1933, Page 50

SALT. UNION.

The salt industry seems to be escaping the effects of general industrial depression' the report of the Salt Union shows that the deliveries during last year exceeded those of 1931, though it states that shipments to India declined owing to the differential duty against English salt. Profits, however, have amounted to 1206,831 as against 1193,803, and the Ordinary shares again obtain 9 per cent. dividend, while the Preference shares, which are entitled to /70,000 in all, when profits permit, receive 11 per cent. dividend. The directors have allotted 120,000 to Contingencies as against 110,000 last year and there is a carry forward of 115,867.

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