PROFIT OF THREE MILLIONS.
PAISLEY COTTON-SPINNING FIRM.
By Telegraph—Pross Aseoclation-Oopyrisht. (Rec. November 4, 9.20 p.m.) London, November 4. Tllo report of Mossrs. J. and P. Coats, spinners, of Paisley, shows a profit of £3,171,000. A dividend is declared at the rate of 35 per cent, per annum..
The__ firm a total capital of .£11,107,320, including loans. ' Owing to tho high priqe! reached by the shares tlio directors in 1900 converted the ordinary shares—on which a dividend of 50 per cent, had that year been paid—into 20 per cent, preferred ordinary stock. Tbreo new .£1 ordinary shaves were allotted to the shareholders for each <£2 of ordinary stock held by them.
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Dominion, Volume 4, Issue 966, 5 November 1910, Page 5
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110PROFIT OF THREE MILLIONS. Dominion, Volume 4, Issue 966, 5 November 1910, Page 5
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