21 NOVEMBER 1925, Page 34

THE ANGLO-PERSIAN MEETING.

Optimism, restrained by a sound conservative policy, : characterized the speech of Sir Charles Greenway, delivered to shareholders of the Anglo-Persian Oil Company. Trading profits for the year had increased by over £1,500,000 and net profits by £1,120,000. Out of the very large amount brought forward, however,. a. further amount of £1,193,000 was appropriated to Extra Depreciation and the dividend: on the Ordinary shares was confined to 12i- per cent., with a carry-forward of the huge balance of 12,073;000. Having„ however, firmly adhered to this, conservative policy as regards distribution of profitS, Sir Charles expressed_ himself in optimistic terms with regard to the future.