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PICTORIAL NEWSPAPER PROFITS.
The constant progress of the Daily Mirror Company almost resembles romance. The recent report showed that after allocating £20,000 to Reserve the Ordinary share capital was receiving 30 per cent. dividend, while at the subsequent annual meeting the Chairman showed that prospects were for a further increase in profits. The Company's revenue is being further increased by reason of the bonus issue of shares made by the Associated Newspapers Limited, and also by the Sunday Pictorial Newspapers (1920) Limited. Finally, there appears to be a prospect of further profits arising out of a discovery of ore on the property of the Anglo-Newfoundland Development Company Limited in Newfoundland, and the Chairman indicated that towards the end of this year the Directors of the Daily Mirror Newspapers would be recom- mending a further capitalization of undivided profits, and the issue of the remaining 350,000 unissued Ordinary shares as bonus to the Ordinary shareholders.
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