LONDON MARITIME INVESTMENT.
As both Chairman and Founder of the London Maritime Investment Company, Limited, the statements at the annual meetings by Lord Kylsant are always awaited with interest. At the meeting held last week Lord Kylsant was able to state that for ten years in succession a dividend had been paid at the rate of 8 per cent. per annum on the ordinary shines, these dividend distributions being accompanied by a steady building up of reserves. In the course of his speech, Lord Kylsant referred to the decline in market values of many industrial stocks, and in shipping securities, including those of the Royal Mail and some of its associated concerns. He then explained the many causes which have during the last few months militated against industrial undertakings. The London Maritime Investment Company's wet!: one of the first meetings to be convened under the new Companies Act, but Lord Kylsant was able to state that the accounts, as presented for many years, necessitated no change of any kind to comply with the new Companies Act.
A. W. K.
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