Financial Notes
ANGLO-PERSIAN.
THOSE who attended the meeting last No venriber of 'share- holders of the Anglo-Persian Oil Company wilt to_ some extent, have been prepared for the great fall in profits during the past year, Sir John Cadman then warning the shareholders that in the absence of a recovery in oil prices, there was bound to be a reduction in profits even to an extent affecting the Ordinary dividend. The Report recently published shows that the decline in profits is something like 11,500,000 and the dividend has been reduced froth 121 to 71 per cent. All the same, the company is maintaining its conservative policy in the distribution of profits, for the pieSent dividend is only declared after allocating further large amounts to various special funds. The annual meeting of the company is always awaited with interest by reason of the observations which are then made by the Chairman with regard to the general position and outlook in the oil industry. This year
the meeting will be held on the 6th inst.. - - * * * *
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