24 MARCH 1928, Page 42

- CamENT PROSPERITY.

The annual report of the Associated Portland Cement Manufacturers shows that the higher dividend, namely, 8 against 4 per cent. in the previous year; is not being distributed at the expense of a conservative policy, the increased distri- bution being Smaller than the increase in profits. In fact, the amount placed to depreciation and Sinking Funds, namely, 1360,858, is somewhat in excess of the previous year, while the carry over shows an increase of nearly £8,000. The directors attribute the favourable results of the year to the completion of the reconstruction of the Bevan Works, and it is stated that a similar reconstruction of the Swanscombe Works should be completed during the current year.

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