4 AUGUST 1928, Page 26

MITCHELL AND BUTLERS.

The report of Mitchell and Butlers shows that the profits were -r625,000 for the year, as compared with £558,000 in the previous year, and a final dividend is declared of 10 per cent. on the Ordinary, making 15 per cent. for the year, while a further £100,000 is placed to the Reserve, and the carry- forward of £352,000 compares with £278,000 a year ago. At present prices the A and B Preference shares give a yield of nearly 5/ per cent., and last year, after paying the interest on the bonds, the available balance for distribution was over £900,000, whereas the dividend on the Preference shares only

involves about £50,000. * * * *