17 MAY 1930, Page 44

* * * * PROFTTS FROM WHISKY.

The Ordinary shares of Buchanan-Dewar are, of course, held mainly by the Distillers' Company, and in all respects the margin or security which is possessed by Preference share- lxilders of Buchanan-Dewar is very great. That security, however, is further increased by the latest profit statement of the Buchanan-Dewar Company, the profit for the past year being £1,367,248 against £1,226,175. The First Preference dividend only calls for about £110,000, and that on the 7 per cent. Second Preference for about £150,000, so that bath issues are certainly well secured Preference holdings.