ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Synthetic Rubber-Why Costs Are High

per cent dividend) were aplenty a couple of years ago. Very often the company had minimum reserves to justify capitalisation, did not have earning power to service the increased capital, and made the bonus issue in lieu of dividend to conserve liquidity and yet maintain its standing with the shareholders. Hence, presumably, the new requirement regarding statement to shareholders about future dividend.

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