Thornycroft Report.
Page 4
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The report and balance-sheet issued by the directors of J. I. Thornycroft,and Co. Ltd., foe the year ended ally 31e1, 1915, shows an available balance of profit, after deduction of debenture interest and of interim dividend of 3 per cent, on the preferenee shares and Th per cent, on the ordinary shares absorbing together "7;30,577, of 297,693. From this the following deductions have since been paid, a dividend of 3 per cent: on' preference shares for six months, and a final dividend of 10 per cent. on ordinary shares, which" absorb together 220,790, learinr, available a balance of 276,902, which the directors recommend shall be dealt with, in respen of 225,000 by transfer to the reserve account., with a contribution of 25,000 to the benevolent fund, the balance of 246,902 being carried forward.
The net profits are 24,600 short of the net profits for the previous 12 months, The carry forward is -220,000 better.