22 JUNE 1934, Page 32

* * * * CALLENDER'S CABLE.

The Directors of Callender's Cable Company can be con- gratulated upon the latest report, for although the Gross Profit shows a small decrease compared with the previous year, the Net Profit of £281,385 is about £4,000 higher owing to substantial economies under the head of general expenses. The Dividend on the Ordinary Shares is maintained at 15 per cent. per annum after appropriating £42,000 for Depreciation against £40,000 in the previous year, while the balance carried forward of £294,230 is about £1,300 higher than a year ago. The £1 Ordinary Shares of the Company stand at 59s., giving a yield to the investor on their present price of just over 5 per cent. * *