COMPANY NEWS

Press, Volume LXXXVII, Issue 26514, 31 August 1951, Page 12

COMPANY NEWS

MASON, STRUTHERS PROFITS RISE A sharp rise in net profit at £44,637 and a rise of 1 per cent, in the dividend recommendation are features of the annual accounts of Mason, Struthers and Company, Ltd., for the year ended June 30. This profit, which is reached after providing for depreciation, compares with the previous year’s result of £33.917. Including £8448 brought forward from the previous year, £s3,oBs—last year £42,148—is available for allocation. The directors recommend:— £ Div. of 7 per cent, and bonus of 1 per cent. .. .. 8,800 Transfer to tax reserve 30,500 To general reserve .. .. 5,000 Carry-forward .. .. 8,785 53,085

229,769 237,859 General expenses and depreciation are shown at £58,397, against £49,877 In 1950, directors' fees £5OO (£500), and subsidy to staff provident fund £1413 (£1250), The gross profit for the year was £102,625, compared with £83,526 in 1960. Rent, interest, etc., brought in £2322, against £2OOB.

Balance-sheet figures are as follows:— LIABILITIES 1950 1951 £ £ Capital subscribed .. 110,000 110,000 Reserves 53,448 58,785 Trade creditors Accrued charges, taxes. 14,703 17,135 etc. 43,918 43,139 Dividend provision .. 7,700 8,800 ASSETS 229,709 237,859 1950 1951 £ £ Property, plant, etc. .. 74,909 71,966 Stocks 109,142 111,320 Sundry debtors .. Investments and de.29,728 32,825 posits 10,281 10,496 Shares • • • • 500 500 Advances .. .. Cash at bank 5,209 5,925 5,487