Burns Philp (S.S.) Co. Ltd.

NET profit earned by Burns Philp (S.S.) Co., Ltd., during the year ended January 31, was £51,233, compared with £65,145 for the previous year. Divi dend has been maintained at 6i per cent.

Markets for Islands produce receded dur ing the year, causing a decline in spend ing power and restricted trading, thus re ducing profits.

Gross profit earned was £184,269. com pared with £203,465 in the previous year. £5,000 is being transferred to reserves.

The amount carried forward is £8,979, compared with £9,621, brought into the accounts.