A 'PROSPEROUS BAKERY.
At the recent annual meeting of Allied Bakeries, the Chairman, Mr. W. Garfield Weston, said that the company was now the largest of its kind in the country, with an issued. capital of p,125,173.- It was only in the latter part of last year, however, that the whole of the capital was earning dividends;for, on account of the dates of acquisition of additional-businesses during die year, the directors were only able to bring into the Profit and Loss account part of the profits earned by these companies during the year. The results of these businesses, .however, have been given, and the Chairman stated that if futureprofits of the subsidiaries during the current year were maintained there was every likelihood that, after -allowing for managing expenses; the interest on the issued Preference capital would be covered nearly five times, and the earnings yield On the Ordinary capital would be well abOve the figure
the present accounts. * * * *
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