RENOLD AND COVENTRY CHAIN.
The latest report of the Renold and Coventry Chain Com- pany shows that the recently announced increase in the dividend from 6 to 7f per cent. was justified by the results. The income from investments and trading profits amounted to £219,458 for the year, as compared with £195,868 for the Previous year. There is a further transfer of £10,000 to the Reserve and the carry forward of £15,928 compares with £12,939 brought in. The Directors state that, as regards the Company's general business, sales have been maintained in spite of some decrease in export activities, and the balance- sheet is also a good one. The price of the Ordinary shares now stands at 80s. 9d., giving a yield to the investor on the basis of the last dividend of about 41 per cent.
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