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Howard Smith Comnanv.
The sixth annual- report of the Howard
Smith Company Limited appears In our
special udverrislng columns to-day. The
year has been a most successful one, the
balance to Uie credit of profit und loss
being L33.392. Included In the amount
brought forward from the previous year,
the total of tho balance Is L48.752, A sum
of L15.3CO was absorbed In the payment
in September lost of interim dividends
at the rate of 5 per cent on cumulative
preference shares, nnd 10 per cent on or
dinary shares, leaving a balance of
L33.392 available for distribution. The
directors recommend tho payment of fur
ther dividends at the rate of 5 per cent
and 10 per cent respectively on cumula
tive preference nnd ordinary shares,
which will absorb LIS, 431, und that the
balunco of L17.961 bo carried forward.
$