LOVELL AND CHRISTMAS.
.\ .marked improvement in the results oi'Lovell arid Christmas, the English provision house,,is'disclosed in the accounts for the.twelve months ended June 16, the earnings being the largest for many years. Net profits are £133,708, against £75,25S for' 1932-33. and the dividend on the £750,000 of ordinary capital is raised from 3 p.er ceut. to 7 per cent. In addition, the balance of profit is sufficient to allow the directors...to;place £ 15.00(5 to general reserve and to write down *.goodwill py £5000, to write off the discount and expenses'on debenture stock issue (£10,043), and t» "transfer £5000 to sinking fund for redemption of debenture stock.
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Evening Post, Volume CXVIII, Issue 36, 11 August 1934, Page 12
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105LOVELL AND CHRISTMAS. Evening Post, Volume CXVIII, Issue 36, 11 August 1934, Page 12
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