STANTON IRONWORKS.
The Stanton Ironworks Company is another concern which
has recently shown a good expansion in profits. These for last year amounted to £322,277 compared with 1200,232 in the previous year. An 'additional £9,500 is required for interest on the 4 per cent. Debenture Stock placed privately last year, and the Ordinary dividend of 10 per cent. costs £155,279. The present authorized share capital of the Company is £2,500,000 of which £2,000,459 is issued, and the Directors are contemplating asking the consent of the Share- holders to the issue of all or a part of the balance in the form of 6 per cent. Cumulative Preference Shares at a pre- mium. The Ordinary Shares now stand at about 47s. 6d., at which the yield to the investor is about £4 4s: per cent.
A. W. K.
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