BREWERY PROFITS.
The brewing industry has done well during the past year. The Directors of Arthur Guinness, Son and Co. are able to maintain the dividend and bonus of the previous year, making 29 per cent. for the whole year, with an allocation of £200,000 to Reserve. Watney Combe Reid and Co. are again paying a final dividend of 9 per cent. on the Deferred, while the bonus this time is 4 per cent. against 3 per cent., so that the total payment for the year amounts to 19 per cent., compared with 18 per cent. Friary Holroyd and Healy's Brewery of Guildford also announce a dividend at the same rate as last year, making 13 per cent. for the whole year. The full Report of Watney Combe Reid and Co. which followed the -dividend announce- ment is also an excellent one, showing net profits of £1,428,583 as compared with £1,387,931 for the previous year. The balance-sheet is also a strong one.
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