23 FEBRUARY 1929, Page 47

SWAN AND EDGAR PROFITS.

Prosperity appears to continue to characterize the great West-end stores, and the preliminary statement just published by Swan and Edgar (1927) Limited, shows that for the year ended January 81st last, the net profit was £68,000 as com- pared with 158,000. It is proposed to pay a dividend of 4 per cent. as against only 8 per cent. last year, while preliminary expenses will be reduced by £17,924 against £10,828 applied last year. There is also an increase in the balance carried forward, while the directors report an expansion in the general volume of business. * *