SCRIBRANTS' PROFITS.
Sc rihbans and CoMpany, which became a public company in 1927, manufacture slab cake on a large scale and controls the well-known business of George Kemp, Ltd., the cake and biscuit manufacturers, and despite trade depression the Company's earning power has been quite well sustained in the last three years. In the year to April 30th Inlit;the profits weresome £3,500 higher at 1226,162 Than in the previous year, and represented nearly 12 per cent. on the capital, a figure which justifies the value of more than £1,000,000, which was placed on the goodwill when the Company was formed. At the recent annual meeting Mr. Philip E. Hill, Chairman of the Company, attributed the Company's continued success to the policy of steady expansion, coupled with a conservative distribution of profits, with the result that today the Company stands possessed of a very much improved equipmentin the shape of factories and plant. The Company sells practically the whole of its output to the grocery and provision trade. Some of the Companies engaged in this business have shown diminished profits in respect of last year, though Mr. Hill pointed out that those recently announced show better figures, and he was convinced that such a vital portion of the
country's trade as the grOcery and provision buiiness must ; ultimately share in the general improvement, but not until then could Scribbans hope to share in the profits to which their organization entitled them, though he felt confident that they - would ultimately be obtained. A W. W. a *
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