Used-vehicle Market Benefits Traders
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QPEAKING at the annual meeting of OCentral Garage, Ltd., of Bradford and Leeds, Councillor J. Russell Rose, chairman, stated that a, marked improvement in the used-vehicle market was one of the factors which had enabled the company to achieve in the past year a financial result almost
equal to the previous year. Other contributory factors, he said, were the drastic economies made in the corn pany's working expenses, upon the outbreak of war, and strenuous efforts at its repair depots.
After deducting administration expenses: depreciation and preference dividends, the year's accounts showed a profit of £.1.5,455 —only £78 less than
in the previous year. The accounts were adopted, along with the directors' recommendation of a la per cent, dividend on the ordinary shares