GROVEWOOD SECURITIES LIMITED ANNUAL REPORT

THE annual report of Grovewood Securities Limited shows a reduced profit under the motor-racing heading of this Group which deals in property investment, chemicals and allied products, optical merchandise, hotels, etc. This is explained by had weather during the early part of last year and the absence of the British GP from Brands Hatch. The actual figures are a turnover of £806,819 compared with £917,226 in 1968. This year it is planned to hold 218 race meetings in ten countries.