AMALGAMATED ANTHRACITE.
Presiding at last week's meeting, in the unavoidable absence of Lord Melchett, Mr. F. A. Szarvasy was able to give an encouraging report to shareholders of the Ainalgamated Anthracite Company with regard to results for the past year, the consolidated net trading profit having been £512,552, against a loss of £243,254 in the previous year. The company carried forward a substantial balance, and Mr. Szarvasy stated that if present anticipations are fulfilled and there are no important setbacks in the industry, the company may in a year's time be in a position to deal with some, if not all, of the accumulated arrears of Preference dividends. Some striking figures were given by Mr, Szarvasy with regard to the heavy expenditure arising from National Insurance, Work- men's Compensation and other claims. He also commented on the general question of rationalization in industry. * * * *
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