24 SEPTEMBER 1937, Page 48

A PROMPT REPORT.

The directors of the City and International Trust are to be congratulated on the expedition with which the annual report has again been published, for the accounts are made up to the end of last month and the annual report was available a fortnight later. It is a satisfactory one, showing a gross income for the year of nearly £97,000, against £86,000 for the previous year, while the dividend on the ordinary stock of 4 per cent. compares with 3 per cent. a year ago, and the balance forward is increased. A valuation of the investments at the date of the balance-sheet shows a depreciation in book value of 10.19 per cent., but that compares with a depreciation of 18.37 per cent. a year ago.