GOLD FIELDS RHODESIAN.
It must not be supposed that the rise in the sterling price of gold is the only influence responsible for the strength of Gold Mining shares, for profit results are also proving excellent in many directions. Following upon the announcement by the Gold Fields Rhodesian Development Company of a record dividend giving shareholders 124 per cent. against 10 per cent., the best previous record, the Company has now issued its annual report showing a substantial profit of £288,526. This result is achieved after writing £6,006 off investments and £3,131 for expenditure on prospecting and maintenance. A sum of £50,000 is also added to the reserve, carrying forward £25,861. The Company's investments stand in the balance sheet at £1,216,035, against £958,485 a year ago. The 10s. shares of the Company are now quoted at about 16s. 6d., at which the return to the investor would be about 74 per cent.
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