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Page 116
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Under the heading "Future Prospects" the chairman E the LEP GROUP, Mr. Richard K. Leeper, slates: The level of business during the first half of 1964 ts been maintained and provided there is no decline in lernational trade during the rest of the year, our group suits for 1964 should be satisfactory ". Mr. Leeper &her states that considerable capital expenditure has mit incurred on road transport vehicles and depot equiplent "with aview to more efficient operation". New eehold premises have recently been acquired in irmingham—these to be used as offices, transport depot ad warehouse—and new premises in Bristol are to be ied as a packing depot. Subsidiaries in Continental urope are doing well Meantime the price of these tares has eased slightly to around 158s. 9d. in recent tys—dull days on the Stock Exchange.
640,000 Ordinary shares of 5s, each of ADAMS AND 111130N (vehicle dealers, garage proprietors and motor igineers in the North-East of England) are shortly to e offered at a price of 7s. 4fd. each. For the year to fovember 30 next the directors anticipatetin the absence
unforeseen circumstances) that pre-tax profits will be minimum 1115,000. An interim dividend of 21% has !ready been paid, if the forecast profit figure is achieved te directors hope to declare a final dividend of 9%.
Martin Younger