PROGRESS IN TANGANYIKA.
At the recent Annual Meeting of Tanganyika Concessions, Limited, the Chairman; General Sir Reginald Wingate, had a very satisfactory position to lay before the shareholders. There was # substantial increase in profits for the' year, but, of course, the capital having been increased, the effect on the dividend is to that extent lessened: Nevertheless, the Tanganyika distribution was 7f per cent. against nothing, while the Zambesia rate was 20 per cent. against 12i per cent. The favourable impression produced-by the Report was con- firmed by the statements at the meeting, and special interest was taken' in the address of the -Managing Director, Mr. Robert Williams, who described the outlook in encouraging terms. Not the least important point, so far as the past year is concerned, has been the arrangement made for •the com- pletion of the Benguella Railway and its connexions to the Katanga Mines. Events, said Mr. Williams, had proved the wisdom of the original railway policy which he initiated with King Leopold, and had carried through. Mr. Williams also expressed the view that the development of the Port of Lobito should provide an opportunity for the shipping trade of all nations, including our own.
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