BREWING PROSPERITY.,
The prosperity which has for so long attended the conduct of the business of Mitchells and Butler shows no signs of abatement. For some few years the profits have been very steady at a little above 1400,000, but the annual Report published during the past week shows a big jump to just over f..500,000 which is practically the highest figure on record. After adding £100,000 to Reserve, which now totals 18251000, and raising the dividend to 13 per cent, a sum of £248,000 is carried forward. Moreover, in noting the increased dividend, it must be remembered that the company's capital has been increased several times by capitalization of Reserves. The latest published balance-sheet shows that among assets cash itself figures for no less than 11,227,000.
A. W. K.
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