5 APRIL 1935, Page 35

ASSOCIATED ELECTRIC PROFITS.

Associated Electric Industries, Ltd., which controls British- Thomson-Houston, Edison Swan, Metropolitan-Vickers Elec- trical, and other electrical equipment companies, recently declared a dividend for last year of 6 per cent. against 3 per cent, for the previous year, and the report now issued shows that the profit for last year was £586,882 against only £397,169 for the previous year. -The report states that the output from the various works of the group was greater than in previous years, and orders received as well as those in hand showed a considerable increase over 1933. The company is now re- deeming out of its own resources £1,036,353 of 4 per cent. First Mortgage Debenture Stock.