HARRISONS AND CROSFIELD PROFITS.

Evening Post, Volume CVIII, Issue 118, 14 November 1929, Page 12

HARRISONS AND CROSFIELD PROFITS.

■j _ Harrisons and Crosfield, Ltd., an Eng-^ Jish company, with many associated com:panies, of which Harrisons^ Ramsay Proprietary, Ltd., of Australia and New Zea;land, is one, shows after providing for income tax a net profit, of £388,523 for ;the year ended 30th June. The profit, which has followed an expansion of busi--Dess, is larger than in any previous year :of the company's history. For the year ;ended 30th June, 1928, the net profit was ;i£343,Q31. Dividends paid were 6, per cent, on cumulative preference shares, 10 tper cent, on cumulative preferred ordinary 'shares, and 35 per cent, on deferred ordinary shares, requiring in all £296,980. On the management shares, 500,000 of one shilling each, a dividend of £84,062 ,was paid. From the two last classes income tax was deducted at the rate of 3s !B%d in. the £. Against £96,998 brought •forward there is carried forward £104 472 Capital is £1,981,249, of which £630,000 :}B 6 per, cent. cumulative preference, ;£1,000,000 10 per cent, preferred ordinary, %;£326,249 deferred ordinary, and the management shares already noted. There are preserves of £590,000: Sundry liabilities tare £892,752. Assets are stated at £3,----;825,024, the largest item being investments, )£1,489,281.