TIMOTHY WHITES AND TAYLORS.
. Although by reason of changes in the capital structure 01 the company it is impossible to make a precise comparison of the trading profit of the past year with that of the preceding year, there can be no question of the upward tendency in profits. The actual trading profit for the year.was £278,146 against £203,597 for the previous year. Presiding over the meeting of shareholders last week Mr. Philip Hill, the Chairman of the company, after pointing out the difficulty of making a comparison with the previous year, said that the directors had felt justified in paying a final dividend of 15 per cent., making 22i per cent. for the year, as compared with 17i per cent, for the previous year, while the carry-forward has been increased from £29,411 to £36,895, a sufficient indication that the company was making satisfactory headway, and that the recent merger was thoroughly justified. Indeed, the prosperity of this group of chemists, under the chairmanship of Mr. Hill, has been among the good features in industrial companies during recent years.
Previous page
