TOBACCO PROSPERITY.
With conditionS of great prosperity indicated by increased dividend and bonuses, it is not surprising that the recent Meeting of the British American Tobacco Company should have been of a brief and simple character. Resolutions increas- ing -the capital by £7,500,000, another motion capitalizing more than £4,000,000 to enable distribution of bonus shares, together with other resolutions, were unanimously and quickly agreed to. There was also unanimous approval of a
measure giving the Directors discretion to allot certain shares to directors, officials and employees. It will be remembered that a similar resolution was adopted some few years ago, and certainly the progress of the company during that time has been remarkable, the shares having more than doubled in value.
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