23 FEBRUARY 1929, Page 47

Following upon the previous year's fall in profits, the latest

report of the Home and Colonial Stores shows some slight recovery, the net profit for the year being just over £454,000. The dividend of 15 per cent. and the bonus of 10 per cent. are both maintained, and there is a small increase in the carry forward at £181,942. Accompanying the report is an interest- ing statement with regard to capital reorganization. In the first place, it is proposed to increase the capital by £600,000 in Ordinary shares of 4s. each, into which denominations the existing Ordinary shares are to be sub-divided. It is stated _ that the object of increasing the capital is to enable the company to acquire the controlling interest in a competitive multiple shop-Undertaking.

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