31 MAY 1930, Page 42


When it is remembered that the Annual Report of the Gresham Trust, made up to April 30th, covers more than six months following the Wall Street crash last autumn and the Hatry disclosures in this country, the directors can-- be con- gratulated upon the fact that there is a net profit disclosed of over £59;000. 'After paying the 6-percent. Preference dividend, a sum of £20,000 is added to the General Reserve. No further cash distribution is to be made, but £16,000 is to be capitalized and distributed as a bonus -in new Ordinary Shares, 1.2;60 going to the Preference shareholders and an equal amount to the Ordinary- shareholders. The directors are also taking powers to increase the capital to an authorized amount of £750,000.

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