INVESTMENT TRUST

Evening Star, Issue 22351, 29 May 1936, Page 7

INVESTMENT TRUST

BRITISH AND DOMINION DIVIDEND 3 PER CENT. In .their eighth annual report the directors of the British and Dominion Investment Trust state that the profit for the year ended March 31 amounted to £2,271. To this is added net profit on realisations £441, and the balance brought forward from the previous year £B3l, giving a credit to the profit and loss account of £3,543. The directors recommend the transfer to investment fluctuation account of £I,OOO (making that account £6,000), payment of a dividend at the rate of 3 per cent. £1,590, directors’ honoraria £l5O, and to carry forward £BO3. The report states: — “No substantial change occurred during the year in the investments included in the company’s portfolio. The investments at present are distributed under headings and in proportions as follow:—Bonds and debentures, 21.80 per cent.; banks, . 19.24; insurance. 2.76; traders, 7.46; manufacturing and industrial, 41.35; metals, 5.44; investment trust, 1.95.” Chief items in the balance sheet are: Liabilities—paid-up capital, £52,995; deposits, £6,805; reserve, £5,000. Assets — investments, £58,973; cash, £8,622.