TRIPLEX GLASS.
The recently declared dividend by the Triplex Safety Glass Company of 80 per cent. against 25 per cent., appears to have been largely accomplished by a good dividend from the Triplex Northern Company. The actual gross profits of the Triplex Safety Glass Company for the year were rather lower than in the previous year, but the dividend from Triplex Northern referred to makes up the total income to £132,931 against £182,348 a year ago, while the net profit of £111,503 shows an increase of about £5,400. The transfer of £50,000 to the Reserve brings up that Fund to £200,000. The Board states that it is not their present intention further to increase the figure of the Reserve, and as the Cash in hand is swollen by nearly £20,000 through a return of capital from Triplex Northern, shareholders will possibly be conjecturing as to the likelihood of any further return of capital, ,The 10s. shares of the Company now stand at 70s., giving a yield on the basis of the last dividend of about 41 per cent.
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