British Firms in India Do Well

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' The same day as the above article appeared, the Financial Times carried the chairmen's statements of two British firms in India: The Bazaloni Tea Company and Malayalam Plantations Limited. Tha former roported: "Although the North India crop for 1962 was lowor than in previous years our Company was fortunate...s..S50me very good prices wore obtained,..,our crop realised £446,409 which was an increase of some £22,000...With expenditure remaining steady the profit on Revenue Account increased from £108,825 to £125,428." Malayalan rep— orted + “The profit before tax was £1,322,425 compared with £984,918 for 1961/2 and, after tax, £513,817 compared with £33,398. A final dividond of 15% (making a total of 20% for the year) is recommonded," ae