* * * *
_ BREWERY PROFITS.
Although the annual report of Peter Walker (Warrington) and Robert Cain and Sons, Ltd., for the past year shows a moderate decline in profits, there is again a substantial transfer of £50,000 to the reserves and a balance carried forward of £53,000 as against £49,000 a year ago. The dividend was 71 per cent. against 9 per cent., but it has to be noted that on this occasion the report states that Peter Walker and Sons Warrington and Burton, Ltd., declared during the year a special dividend of £250,000 in addition to the Ordinary dividend. That amount, therefore, _ha& been credited IA reserve and an item or " Discount on issue of Debentures amounting to 1150,000 " has been written off. The amount of this special dividend was applied in paying up in full on behalf of the company £25,000 unissued Ordinary shares of £10 each in the Walker Company.
Previous page
