2 MAY 1931, Page 34

SCHWEPPES.

Shareholders who were present at the recent annual meeting of Schweppes Limited were certainly not disposed to chal- lenge the view expressed by the Chairman, Sir Ivor Philipps, that having regard to all the circumstances the results for the year were by no means unsatisfactory. It is true that the net profit of 1145,897 shows a small decline for the year, but when such factors as the world trade depression and the state of affairs in Australia are taken into consideration, to say nothing of the poor summer of last year, the results were really quite good. The Chairman stated that trade in Australia had suffered from the severe depression in that country.