22 JUNE 1934, Page 32

GENERAL ELECTRIC PROFITS.

Although the Report of the General Electric Company for the past year shows that the Profit for the year was 2971,481 against £1,012,739 for the previous year, the Dividend (unchanged from a year ago) of 8 per cent. remains well within the earning power, for the profits allow the addition of £100,000 to the Reserve and a small increase in the carry forward. In fact the amount of profit really represents about 12/ per cent. on the Ordinary Capital. It is worth noting, too, that up to three years ago, when the trade depression became acute, the Company was paying 10 per cent. Moreover, the Company is in a strong position, with a Reserve of £1,600,000. The Ordinary Shares of £1 each stand at about 41s. 6d., which gives a yield to the purchaser of just under 4 per cent.