19 MARCH 1932, Page 36

' INTERNATIONAL NICKEL.

So far as may be judged the heavy decline in profits shown in the annual report of the International Nickel Company is connected solely with the world depression and not with any shortcomings in the management of the undertakingitsclf,...or, it may be hoped, in its future prospects. For the past year the profit was just over 5 million dollars as compared with nearly 111 millions for the 'previous year. The report was accompanied by an interesting view of the general situation by the President, and his remarks were of a nature causing the shareholders to feel that when there is an improvement in the world depression the International Nickel Company is in a position to take the fullest advantage and produce good profit

statements.