24 OCTOBER 1931, Page 44

A PROSPEROUS CONCERN.

In these days of financial and industrial depression the annual report of the United Dairies, Limited, is a distinctly cheery document. The directors recently announced an increase in the interim dividend from 10 to 11 per cent., and this policy is thoroughly justified by the character of the Report. The net revenue for the year was, in fact, £548,739, as against £518,489 for the previous year. • In addition to increasing the dividend the company is again able to apply nearly £80,000 to the writing down of investments in subsidiary companies, while there is a special transfer of £50,000 to the Reserve and £20,000 has been placed to a Reserve for Pensions. The balance-sheet shows a strong position, the total of cash being £121,000 as compared with £75,000 a year ago.