19 MARCH 1927, Page 52

A PROSPEROUS UNDERTAKING.

At the recent annual meeting of Spratt's Patent, Limited, the chairman and managing director had a most satisfactory position to place before the shareholders, notwithstanding the general trade depression. The sales showed a marked increase for the year and the balance sheet was described by the chair- man as the strongest in the history of the company, while the outlook for the current year appears to be a good one. The final dividend declared of ls. 6d. on the Ordinary shares, making 121 per cent. for the year, is the same as in 1925, but it was paid on an increased capital.