18 APRIL 1931, Page 44

The Anneid iteport of the Rio Tinto Capper Company shows

that there was a shrinkage of no less than 46 per cent. in the working profit for the past year, the total being £1,070,000 against £1,812,000. In these circumstances, although the dividend is dawn from 55 to 20 -per cent; the distribution cannot be described as unsatisfactory, especially as the carry forward has been increased from £203,000 -to £384,000. It must be remembered that during the past year the average price of copper was £54 13s. 6d., as against £75 9s. 7d. in 1929.

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