SCANDINAVIAN FINANCE.
At the meeting last week of Hambros Bank, Sir Eric Hambro, the Chairman, preferred to exercise so much caution with regard to the general economic outlook that he refrained from giving his shareholders his usual able exposition of his views on the economic position. " I think you will agree with me," he said, " that a wise man in the present circum- stances says very little and gets on with his business." He did, however, say that shareholders might count themselves fortunate in that the Northern countries with whom the Bank was most largely concerned, were weathering the storm ex- tremely well. Of Finland he was particularly confident, for there, he said, timber exporters had tackled the problem of reducing their costs in a masterly fashion, and were in a good position to meet all eventualities. He also considered that conditions in Greece were slowly improving under a wise Government and were justifying the faith which the Bank had always had in the future of that country. A. W. K.
The Directors of Callender's Cable and Construction Company, Ltd., at their meeting on May 29th decided to recommend a Final Dividend of 10 per cent., making 15 per cent. less Tax for the year 1930, the same as last year.
Previous page
