BRITISH TOBACCO YEAR

Evening Post, Volume CXVI, Issue 135, 5 December 1933, Page 12

BRITISH TOBACCO YEAR

PROFITS SATISFACTORY The directors of the British Tobacco Company (Australia), Ltd., Melbourne, report for the year ended October 31, 1933, as follows :r—During the year four interim dividends, aggregating 6 per cent., have been paid on the ordinary shares, namely 1% per cent, on December 31, 1932; 1% per cent, on March 31, 1933; 1% per cent, on June 30. 1933; and lVz. per cent. OH| September 30, 1933, and there is now an available balance of £32,121 9s Bd, made up as follows: —Net profits for the year after deducting all charges and expenses for management, etc., and providing for income tax, £585,610 16s 3d; deduct preference dividend for the year of 6% per cent., £96,507 ss, leaving £489,103 11s 3d; deduct four interim dividends on ordinary shares aggregating 6 per cent., £488,067 10s Bd, leaving £1036 0s 7d; add amount brought forward per last balance sheet, £31,085 9s Id, leaving an available balance of £32,121 9s 8d which the directors recommend should be carried forward. The above figures do not include the company's interest in the undivided profits of the subsidiary companies. In view of. the difficult trading conditions ■ which have prevailed dining the year the subsidiary companies' profits have been maintained at a satisfactory; figure, state the directors. :