20 MAY 1938, Page 45

BRITISH MATCH OUTLOOK.

Among the company chairmen who have recently uttered a warning about the present level of taxation is Mr. Clarence (Continued on page 942)

FINANCIAL NOTES

(continued from page 941.)

. .

Bartholomew, the chairman of the British Match Corporation. He frankly warned the shareholders on Wednesday that with the prospect of still heavier burdens next year and the year after the board cannot hold out hopes of increased profits. They would, he said, count themselves fortunate if they could keep up their present revenues. Mr. Bartholomew also ex- pressed concern about the present position in Brazil which prevents dividends being remitted from the associated company

in that country. * * * *