BRITISH INDUSTRIES
A SUCCESSFUL YEAR. By Cubic—JAess Association—Copyright. London, January 0. The Economist's summary states that 775 British industrial companies show a profit of £47,500,000, compared with £4-2,500,000 in 1009. The ordinary capital totalled £370,000,000, and earned 7 per cent. Preference capital totalled £200,000,000, and earned 4.50 per cent. Out of profits, ,C 10,718,000 was placed to
reserves. The iron and steel industries showed no improvement, owing to competition among companies and strikes. Good harvests helped shipping and cable companies. The high price of cotton prevented the boom being spectacular, as was anticipated. Prices for other commodities were the highest for twenty years, excepting in the summer of 1007.
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Taranaki Daily News, Volume LIII, Issue 220, 11 January 1911, Page 5
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109BRITISH INDUSTRIES Taranaki Daily News, Volume LIII, Issue 220, 11 January 1911, Page 5
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