AN INDUSTRIAL RECOVERY.
There is a distinctly better 'showing in the latest Annual Report of Crosse and Blackwell, the total income for the past year amounting to £143,337 against £50,333, while the net profit was £100,000 against £1,183. A very conservative policy, however, is now being pursued and out of the available balance of £101,275 the Directors are placing 2100,000 to Reserve for general purposes, carrying forward the balance. It is also pointed out that, while the reconstruction proposals have been given effect to, the accounting period under review benefited only to a limited extent and it is expected that there will be a further increase in profits in the coming year. Loans from bankers and others have been reduced from £746,000 to £689,000 while reconstruction expenses of £10,405 have
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