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Loan KYLSANT ON TRADE.
A sound financial position was disclosed by Lord Kylsant at the recent General Meeting of the London Maritime Invest- ment Company, Limited. The net profit showed a slight increase and the dividend of 8 per cent. on the Ordinary Stock was maintained. The Chairman was also able to state that the Reserve Fund is separately invested in first-class Gilt-edged securities, while the valuation of the Company% investments Shows that the Capital and Reserve Fund are more than main- tained. After referring to the difficulties through which ship- ping has been passing, Lord Kylsant referred to hopeful signs of Improvement, and in that connexion he expressed approval both of our return to the Gold Standard and the removal of the embargo on foreign loans. As regards the former point, it may be recalled that last May, when deliVering his Presidential address to the London Chamber of Commerce, Lord Kylsant expressed the opinion that our return to the Gold Standard " would mark the beginning of a new era in the prosperity of
the country."
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