(extracts from chairman's statoment )
"Total Revonue for the year at £4,021,936 is £306, 365; highor than the 1960 figure. Total Expenses including Royalties to the borers Govornrient Ronewal of Telephono Plant, Depreciation, Taxation, Directors! Romuncration,, and Servico of Debentures, amount to £3,273,452, an incroase of £171,472 over *\ the previous year. Net Profit is £748,484 as against in 1960, an increase of £134,893. Your Directors recommend and the Accounts provide for a final dividend a 6% on the issued Ordinary Stock, which, togothor with tho intorim dividond of 3% paid in November la ast, make 9% for the yoar, A dividmd of 9% om tho "A" an ae Stock is also. provided for in. the Accounts,
:
“These dividends, together with the dividend on Stock require £428,137. Genoral Reserve is ‘cia