592R. T. M. Heron to Harrod, 19 October 1936 [a]

Heron replies to two questions set by Harrod on behalf of the OERG, on how a firm establishes reserves for paying dividends, and on how it would find the cash to pay dividends in a bad year in which the real profit was not sufficient. [1]

  1. 1. T. M. Heron, of Cresta Silks, was interviewed by the Oxford Economists Research Group on 1 October 1936. The minutes and the reports are in HCN 5.4.
    1. a. From Cresta Silks LTD, Welwyn, Hertfordshire # , three pages TLI, in HCN 5/5/2.

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