In the tables appended the years at the tops of columns are those in which the profits mentioned were announced. A large proportion of the results shown in the 1916 columns are for the year ended December last. Some, however, are for years which have ended since then, while a few, relating to companies which carry on business abroad, are for years which began soon after the outbreak of the War:-- SHIPPING 1916 1915 1914 L L L British and African 94,388 64,464 41,357 Booth Line 328,127 225,267 154,828 China Mutual 591,005 286,725 381,729 Court 137,446 25,034 23,890 Cunard 1,579,170 1,286,948 1,187,831 Cairn 152,152 85,988 102,318 Elder, Dempster 349,444 326,122 307,605 Eagle Oil Transport 325,928 302,897 92,866 Elder 66,266 55,305 38,975 Field 71,393 11,881 -- France, Fenwick 179,100 64,900 76,800 Gulf 188,093 39,436 65,014 Houlder Bros 118,802 95,587 102,893 Indo-China 109,089 16,020 45,364 India Gen 65,738 41,974 118,379 King 102,319 17,426 90,392 Leyland (Fredk.) 1,441,690 620,839 589,810 Lamport & Holt 332,897 149,108 200,691 London & Northern 586,299 118,419 135,541 Mercantile 259,159 93,391 129,946 Moor 335,349 -- 254,000 Neptune 146,718 73,310 112,563 Nitrate Producers 381,599 134,826 125,990 Pool 601,338 118,000 -- Pyman 165,078 72,504 62,413 Royal Mail 808,731 98,232 436,470 Redcroft 117,953 13,125 21,396 Sutherland 295,220 74,841 41,779 White Star 1,968,285 887,548 1,121,268 COAL, IRON AND ENGINEERING