2 MARCH 1929, Page 52


In noting the figures of the profits of Selfridge & Co. for the past year, it has to be remembered that they now have to bear a charge of £46,105 in respect of guarantee to William Whiteleys, Ltd., for the year to January 31st, and the Report just issued by Whiteleys shows that the profits of that firm for the year to January 31st last were insufficient fully to provide for the 25 per cent. dividend on the Ordinary Shares. Reverting to the position of Selfridges, the net profit for the year of £476,417 showed just a small increase. Appropriations to various reserves, other than Income Tax, amount to 150,1100, while 20 per cent. is again paid on the Ordinary Shares.