26 APRIL 1930, Page 34

* * * * IMPERIAL CIIEMICALS PROGRESS.

The latest figures published in the annual Report of Imperial Chemical Industries are again decidedly impressive. The total net profit for 1929, after making provision for Obsoles- cence and Income Tax, amounted to no less than £5,780,208 as compared with £5,212,703, being an increase over the previous year of /567,505. A further sum of £529,000 is placed to General Reserves, while the carry forward is £350,928 as compared with only £108,807 a year ago. A final dividend is being paid on the Ordinary Shares of 5 per cent., making 8 per cent. for the year, being the same as a year ago, but the distribution on the Deferred Shares of 2 per cent. compares with only 1, per cent. last year. Moreover; it must be remembered - that owing to the increase in capital during the year, the actual amount distributed is very much greater. The new capital was issued at a substantial premium and

those premiums have now been transferred to Reserve, so that the total Reserves of the company now stand at £16,725,000 as compared with £11,009,138 a year ago.