"What is one man's meat," &e., would seem.to.appiy ia the case
of the piofiti of our great drug _zto-d, for rooter that at the recent annual general meeting ,of -Timothir White 11928), Ltd., the 'chairman explained that the-small reduction in trading profits for the year of just over £2,000 was " More than aecounted for by seasonal influences, a mild winter free from epidemics," and Mr. Hill went on to say " It is only :reasonable to assume that had we been trading in taPtinal: Mimes our profits would, peen materially increased' Certainly the progress o the company has been very rot revenues hating increased with the various 'brandies added, and even for last year, notwithitanding the slight reduction in profits, the dividend on the old deferred shares was at the rate of 15 per cent. for the year, with a proportionate payment on the new 'deferred shares in respect of the final dividend at :10 per cent per annum; with a small -increase in the cant'', forward. Moreover, it is explained that only a very maw' portion of the new capital raised has been remuneratively
. . . . •
VinPklirt'd../11..tke. period covered by .the accounts, and it (Continued on verge 921:1 Financial Notes
(Continued from page 920)
not expected that the full benefit will be received before the end of 1932.
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