14 JANUARY 1938, Page 34

* * * * GLAXO DIVIDEND POLICY.

Joseph Nathan, the proprietors of " Glaxo " and other milk products, announced last December the resumption of ordinary dividends with a payment of to per cent. after an interval (Continued on page 72.)

FINANCIAL NOTES

(Continued from page 7o.) of six years. At the meeting this week Mr. Alec Nathan, the Chairman, explained that the policy of the board was to build up reserves with a view to ensuring the regularity of dividends. He announced also that the company is sure enough of its position to resume half-yearly dividends on the 8 per cent. Preferred Ordinary shares.