. PANY EET.NG
P. H. GALLOWAY
THE 12th annual ordinary general meeting of P. H. Galloway, Limited, was held in London. Mr. J. E. Galloway, M.P.S. (chairman and managing director), said: We have had what I consider quite a suc- cessful year having regard to the many difficulties that we have ex- perienced in the business. I told you last year that we hoped to have a record year for Julysia Hair Cream, which then was going ahead very well, and that we had allocated an increased amount for advertis- ing the line, but unfortunately the Limitation of Supplies Order came into force towards the end of the year and we were automatically limited in our supplies of Julysia. I suppose that will account partly for the small decrease in the profits. The rest of the business has gone very well, and nn the medicinal side I think I can say it has increased. When we come back to normal times again I hope we shall be able to have a bumper year in Julysia.
Our Glasgow depot last year made a profit. I think that is excellent when you know that we had the Limitation of Supplies Order and it only goes to prove that the business there must have increased on the medicinal side. The net profit is £20,133, and the directors recom- mend a dividend of to per cent. for the year. The report was unanimously adopted.
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