27 MARCH 1926, Page 44

A CAPITAL REARRANGEMENT.

At the recent meeting of the Gas, Water and General Investment Trust the directorate had no difficulty in obtaining the consent of the stockholders to the payment of a 34 per cent. dividend on the 41- per cent. Preferred Stock being conditional on the passing of resolutions altering the status of the " B " Debenture Stock from that of an Income Deben- ture Stock to one of a fixed charge, the interest on it to be paid whether the profits of the be, were sufficient or not. There has lately been a great improvement in the financial position of the company, and by the readiness with which stockholders voted upon the resolutions, it would seem that to satisfaction at present results was added hopefulness