Evening Standard from London, Greater London, England • 3

EVENrrra standard Tuesday may 7 FOR British Cocoa profits take a knock City expects another olive branch from Premier The City is keenly speculating on the possibility of another olive branch from the Prime Minister when the Birthday Honours List is announced a month from now It Is only a short time The fact that ower profits are reported today by British Cocoa and Chocolate the £83 million combine that takes In names like and Chairman Mr 3 Cadbury tells shareholders that 1962 group profits were almost £900000 lower at £4706000 Mr George Harriman (left) and Mr Arnold Lindley THIRD i suggest should be George Harriman Forceful and enterprising he Is one of the key figures in our export drive Clore has made money out of all this is irrelevant A man can only spend so much in his lifetime and the value of contribution to the country's economic strength far exceeds his personal rewards seem safe bets for top honours: Mr Harold Watkinson the ex-Minister who now bosses Schweppes and Mr William De Welte Mullens who retired as Government broker on January 1 As promised FOURTH 1 think should be Mr Arnold the quiet spoken engineer who took on the tough task of reorganisation of the giant General Electric group Unilever boss Mr George Cole is another name I be SECOND for me would be Paul Chambers He must have damaged his chances by the Courtaulds bid last year But there's every reason why he should get a knighthood in 1963 surprised to see on the list Whatever selections Mr Macmillan makes in the next few weeks no doubt that a little imagination could pay for the economy which needs further evidence that he Like other firms in the confectionery trade British Cocoa was hit by the imposition of purchase tax on its" products But Mr- Cadbury is paying the promised interim dividend lieu of a of 3 It makes a total of 51 against equal to 47 last time British Cocoa came to the market a year ago by a share introduction at around 60s On news the shares dipped 9d to 47s 3d and has achieved unexpected -success FIFTH I would place Mr David Breeden chairman and joint-managing director of the wilmot Breeden components firm He is one of the most progressive industrialists In Europe today Besides all these two ago that relations between the Government and the City were described as than ever The absence of City names from the New Honours List in particular was seen -as a deliberate slight One result was a falling oft In the contribution to the Tory campaign funds Since then there has been a modest concession in the form of a long-awaited cut in Stamp Duty The appointment of Lord the raiser extraordinary the Joint chairmanship of the Tory Party is thought to have caused a further reappraisal Lord Poole is very much a man of the City and will not have failed to point out to Mr Macmillan how the Government can help He has served Britain well as an Inland Revenue man ana as a top industrialist and he is the kind of man this' country needs to step boldly into the future Jiuts industry at the top of the tree and the Tory Party WD It's victory for Milford Pocks rebels CdfuCfta the med 1 1 with From Richard hopei raisin surance this Iked a ir bud-t there roperty eturn" lie pre-Richard 0 cover cost of in rebel shareholders Milford Docks were victori-Mil Sir Sztiiui end his fellow directors with one exception an to resign Neglected "Announcing this at the yearly meeting today Sir Harold said will ffuuft cAahcC' (etiglfolis) in extraordinary meeting be called for May 23 Then the board save for pitniging director Alan Bartlett will offer their resignations Shareholders will be invited to elect five new directors headed by Ur Eoin Mekie the former Silier City Airways chief IS Personally not concerned with whether the Tory Party Sets funds or not But I do ope we shall see on the forthcoming list some City men and industrialists who thoroughly deserve recognition and have for too long been neglected in favour of civil servants film actors and cricketers Top of my list without a shadow of a doubt would be Charles Clore (feed Improving wss omantic far as Michael Ur Charles Smith chairman of the stockholders' committee welcomed the announcement and declared: has broken Then he seconded the re-election of Sir Harold as 1 director during the Interim period before Mekie takes over Sr Harold spread furener goodwill with a statement on pros-Vcta for 1963: already show signs of improvement quite apart from any further trade the new board might be able to this He has done more than anyone else to make British industry realise that being first with an industrial revolution is an advantage which cannot last for ever Chairmen all over the country quivering in their boots have smartened up their ideas and shareholders have slowly come to realise their tremendous power ent to says orm ol been arming this is now rdinary being again of the THOMSON COLOUR: BIG WRITE-OFF REVEALED QAwddSf' (p-Qwty remains have future Development expenditure of £616134 on the Sunday Times colour magazine has been written off in the latest accounts of the Thomson Organisation 1ST and a or The busi- OngiMvLgsmv (enguuUty istol is of big New- published today JJ apcount covjt the 12 awO to December 31 1962 Ttaomwa in his statement "Jr the magazine iSbiPt? miwmg into aJia will shortly be a worthwhile contribu-Th? ftjfissfitsr1 9MeLhh0 ha2 ol the mr ThiM by the nd land cash in cAtmeffiiiJiut capitaJ Wow ed much to January Mr Thomson CaWfa CrMHO-IdiUumi S'lkMiurt was in npany's He travels -00 by a issiie This barely me overdraft and covered 1 have trebled my money on Walkers Century Oils since 1 bought the shares three years ago Should I take my profit No It ts most unlikely that you will treble your money again in the next three years But there ts no reason to suppose that you will not con- tinue to do well Yield on the shares at 13s 6d is 3 so that considerable arowth is allowed lor in the present rating But arowth prospects are excellent and the results due later this month should show a further good improvement The company has excellent contracts lor supplyino the nationalised industries particularly the Coal Board planoe1 capital outlay? 'Encouraging ST RS del Dice ta on ftf tbJhks how-the isju1 account ilnk facilitPi2Meds-and "the Jailable" th capital forWl LllavS sufflci6nt rWirements It foreseeable four for the first of 1963 Mr LIT Rd CA u'At- Veit Snail favour's001 t0e 88016 1962 -1 rest of for year are load 1031) 0 1 want an investment in the china business Can you suggest a reasonable company with a fair yield 7 Thomas Wild a £1500000 group whose shares offer 61 at 7s 4d Its products include Royal- Albert Royal Standard and Queen Anne china The record is sound profits have more than recovered from the setback of the mid-1950's and the 1962 figures set a new record The dividend ivas raised from 40 to 45 Trading at the beginning of the year was unsettled by the Common Market isiue but with that out of the way prospects are good Su Sow 1116 inclurnn boosted by SfCssrgJES NEWS lance Great minds drink alike Deb of the Year: the Hon Lavinia Goroughsley (pron Gosley) Like any well brought up gel she knows Williams and Humbert sherries Canasta Cream is her it's so smooth and sweet Mumsie prefers the sophisticated dryness of Pando And there's always Dry Sack in the house! Dry not too dry not too the medium sherry that pleases every palate But then- as connoisseurs are well aware all the great sherries from the house of Williams Humbert have an unvarying excellence Their fame is built on this a same Int 5 ha hare MOVEMENTS OF SKIPS uruart (same) WILLIAMS HUMBERT Jr the sherries like tovnn1 Co has rom Bueno Aliv rAacturers JBERia from Sydney rtii i-onAon Sal lllrt SnniV half Irom Vnrk and KEVB ldrool rasner4 gBAS from Mon a CALEDONIA and BEmuin irom New York and SEVEN SEAS from Montreal due Southampton 8 CALEDONIA from Bombay SnSS ll2i I -Iftm viysvilAll IIUIII DUUIU1V U1 £6126 Liverpool 8 QUEEN MARY from N- (£6100) York arrived Southampton 5 'I a.