ABRAHAM AND WILLIAMS

Evening Post, Volume CVIII, Issue 107, 1 November 1924, Page 10

ABRAHAM AND WILLIAMS

I he twenty-third report and "balancesheet of Abraham' and Williams, Ltd., ior the year ended 30th September shows . a net profit for the war nf £20,773 14s 5d (after providing for income tax of 4s 10 2-3 din the £). To tins has to be added £2955 7s 6d brought f'Z™? l ast year > making a total of £23 729 l s lid. From this sum has to be deducted the interim dividend for the six months ended 31st March last ? nd Pa'd n th, e following April, amounting to-. £7742 7s, leaving a balance of £15,986 14s lid available for distribution. Out of this sum the half-years' dividend on preference shares, amounting to £2460 12s, was paid on Ist October, and the directors recommend that a dividend of 2 per cent, for the halfyear be paid on ordinary shares, which, with the 2i per cent, paid in April last, makes the dividend 5 per cent for the year, leaving £8243 2s lid to be carried forward. Messrs. B, P Abraham and Samuel Bolton, retiring directors, offer themselves for re-election. Messrs. Eutherfurd and Connell and P h. birn, retiring auditors, also offer themselves for re-election.