Financial Notes
CALLENDER'S CABLE.
THE good impression created by the report of Callender's Cable and Construction Company, to which I have previously referred in these columns, was strengthened by the detailed statement at the recent annual meeting. Sir J. Fortescue Flannery presided, and in commenting upon the improvement in trade during the year he emphasized the moderate stimulus which had been given by the small reduction in the Income Tax, and he expressed the con- viction that a further reduction in the Tax " would so encourage trade as to produce a larger national revenue. in addition to a reduction in unemployment." During the course of the proceedings both the Chairman and the Deputy Chairman, Sir Tom Callender, spoke hopefully with regard to the general outlook.
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