APOLLINARIS MEETING.
In attributing the falling off in profits to the widespread depression-, Mr. Alfred R. Holland, the chairman,- at the annual meeting of Apollinaris and Presta mentioned that the fact that the profits had only declined by £11,397 was due to some extent to the progress made with Presta sweetened beverages, the demand for which was constantly increasing. While maintaining the advertising the company has effected every economy compatible with the efficient carrying on of the business.. The chairman referred to the falling off in business in hotels and restaurants in London, one of the company's most important outlets, and added that business in Australia was still unremunerative, while in Canada the mineral water duty had again been increased. In his review of the American interests the managing director, Mr. F. J. Schilling, after re- ferring to the prevailing depression ended on an optimistic note, and mentioned that their bad debts during 1931 were insignificant. * * • s
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