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S. Smith and Sons' Profits.

18th November 1932, Page 47
18th November 1932
Page 47
Page 47, 18th November 1932 — S. Smith and Sons' Profits.
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During the year ended July 30, 1932, S. Smith and Sons (MA.), Ltd., made a net profit of /61,647, as compared with 153,282 a year earlier. No dividend is proposed on the deferred ordinary shares, but the preference share dividend is responsible for 137,500, and the fixed 7 per cent, preferred ordinary share dividend takes 114,000, whilst £5,000 is to be written off patents. The amount to be carried forward is £49,476 as against £44,329 brought into the accounts.