ROLLS-ROYCE.
I referred recently to the satisfactory profits of Rolls-Royce Limited for the past year, due allowance being made for the prevailing depression. The actual profit was £147,170, as compared with £201,706 for the previous period of fourteen months. This figure for the fourteen months, however, is at the rate of £172,891 per annum, so that the reduction is a small one, and the directors are evidently justified in their recommendation of a dividend of 8 per cent. per annum with a cash bonus of 2 per cent. At the annual meeting the Chair- man stated that the demand for Rolls-Royce cars for the year was maintained to a satisfactory extent, and he referred in passing to the fact that the company had again been called upon to build engines for the machine to be entered for the Schneider Trophy Competition.
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