DENTAL AND MEDICAL

Evening Post, Volume CXV, Issue 105, 6 May 1933, Page 16

DENTAL AND MEDICAL

DIVIDEND FOR THE YEAR

: Directors of Dental and Medical Supplies, Xtd.,-report for the , year ended March 31 "a better result than that shown the previous year." In consequence thereof they are able to recommend the payment of a small dividend. "In common with njost other commercial houses," the report continues,' "the year has been, as was expected; a very difficult, one. .Although we have suffered a further drop in our-turnover, "we have more than made up ipr this by inductions in working ex penses to the.'extent ; of £2205. provision has, ;as usual, been: made I'ol bad and , doubtful; accounts, , and stockn have been, taken "at cost" w niai'kef prices ((whichever is th#: lower), Ifurriitiu-e, fij.--tureß, fittißgs, and motor-carsi have been depreciated by ;£288;. premises have been 'written down'£3o4:Bs. The net profit foi the ,year, £815" 0s 4d,, together with the balance brought forward, £1185 14s 2d, makes a total of £2000 14s 6d; which sum the directors recommend be applied in payment of a dividend of 2%: per cent., absorbing, £ J444 19s, ianpV leaving a balance of £555 158 6d, to be carried forward to nest year,."> ; •■'■' ■■ ' ■ .■■ ::!'/ ■■'■ • It is with very much regret that; the directors record the loss of one of, the directors, Dr. Walter Fell,, who died in November last year. Dr. E. W. Gieeen and,Mr. A. E. Allison, retiring directors,. offer • themselves for. re-election. An auditor for each of the four centres will require to be fleeted.