20 APRIL 1934, Page 38

AMALGAMATED METAL CORPORATION.

Metal companies are doing well at the present time, and I notice that the accounts of the Amalgamated Metal Corpora- tion—which, it may be noted, include the British Metal Corporation and Henry Gardner and Co.—show an income of £258,800, as against £212,673 in the previous year. To this amount was added £20,000 from unrequired provision for bad debts and £30,000 from contingencies reserve. The pay- ments to the Amalgamated Company amounted to £238,750, so that the undivided profit of the two constituent companies was raised to £118,405; as compared with £48,355. On the shares of the Amalgamated Company a dividend of 4 per cent. is to be paid, as compared with 3 per cent. for the two previous years.