Costs the circumstances the average price realized for our sales, viz 47.40 cents or the equivalent of Vid. must be considered satisfactory. On'the other hand the small crop meant 2 higher cost of production than the previous year. Very drastic steps have recently been taken towards reducing the handicap of hig overhead expenses and T hope to come before you next. year to report a much decreased cost of production.
Estate' matters gave us no anxietg, indeed the property has been 3
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