=+The preference share dividends are payable in equal instalments on 1st April and 1st October and a final dividend on the ordinary shares of 8 per cent was paid on 15th April, 1962, in respect of the previous year, with an interim dividend of 7 per cent paid on 19th October, 1962.

The company's year-end is on 31st December, and on 1st January, 1962, the provision for taxation amounted to £46,424 and the reserve for future taxation was £37,600. On 31st January profits tax of £5,418 was paid by cash and also Schedule D tax 1961/2 of £41,233.