Morris Hedstrom Profit

Increases 50 Per Cent.

A NET profit of £45,141 was made by Messrs. Morris Hedstrom Ltd. in the year ended 31st March last. This is a substantial advance over the earnings of previous years—£23,610 in 1932, £36,164 in 1933, and £30,798 in 1934. The dividend is being increased from 4 to 5 per cent.

The capital of this well-known company is £739,613, made up of 520,407 ordinary and 219,206 preference £1 shares. It has a general reserve of £80,000, and an insurance fund of £41,906; and it carries, among its assets, £109,010 in shares, debentures and mortgages, and £14,898 in N.Z. Govern ment bonds.

Mr. G. M. Rodger, of the staff of the Malayta Company, who left Sydney recently on a visit to the Solomon Islands, is reported to be ill and undergoing hospital treatment in Tulagi.