• ' * * * • AMILGAHATED PRESS OUTLOOK.
Press for Although the results of the Amalgamated Press for the year to February 28th must be-considered highly satisfactory, permitting the maintenance of. the ordinary share dividend at a total of 11 per cent., with a further transfer of £100,000 to reserve, profits shoWed a moderate decline on the figure for the preceding 12 months. In explanation of the set-back, Lord .Camrose, the Chairman, informed shareholders at the annual meeting that _n decline in prices had reduced the profits of Imperial Paper Mills, the company's sabsidiftry, while exchange difficulties and increasing competition were among other factors adversely affecting profits of the parent undertaking. There is ample evidence, however, that com- petition is being met with energy and success, and present trade indications are more satisfactory. Lord Camrose re- ported a notable improvement towards the -close of the fmancial year, and this has so far been maintained in the
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