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SOME GOOD OIL REPORTS.
The latest reports of the Mexican Eagle Oil Company and of the Canadian Eagle Oil Company are of a satisfactory character. In the case of the Mexican Company the profits for last year in Mexican pesos showed a considerable expan- sion, but owing to the fact that the peso depreciated sharply during the year the enlarged profits are to some extent illusory. The Directors state that, having regard to the fact that the Company's capital was originally subscribed mainly in sterling, and that its main revenues are earned in sterling, they are considering the question of issuing the next accounts in sterling as well as pesos. As regards the past year, the 7 per cent. Preference dividend has been paid, and the greater part of the remaining balance of profits is added to a special reserve pending the preparation of sterling accounts. Both the Mexican and the Canadian Eagle Company have deferred their 7 per cent. Cumulative Preference dividends due April 30th, pending a decision in the lawsuit affecting Amatlan
ProPerty-
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