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Tuesday, 8 March 1932

Declared net profits for the British Tobacco Company (Australia) Limited exceeded the million mark for the first time in the year ended 31st October. The popular belief that this dominating organization in the Australian tobacco trade had been prospering to a greater extent than its dividend rates indicated, was confirmed in the1928 financial year, when subsidiary reserves were drawn upon for the huge amount of £2,324,131 to pay a bonus of 40 per cent. on scrip.

From the Melbourne Age of the 23rd January, 1931, I have taken the following report: -

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