CROSSE AND BLACKWELL.
The report of Crosse and Blackwell for last year was satis- factory in the sense that the net profit of £211,204 showed a small increase over the previous year. Nevertheless, the chairman at the recent annual meeting made it clear that there are a good many difficult problems still to be handled, while the company is affected by the general conditions of trade depression. Indeed, although the profit for the year is not unsatisfactory, the chairman stated that the Christmas trade at the end of the year was one of the poorest in the company's history. He explained to the meeting certain measures the directors were adopting to deal with present conditions, but he took a cautious view with regard to immediate develop- ments, though he spoke hopefully as to ultimate results. * * * *
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