—The item of Tis, 54,814.19 represents new machinery installed in order to bring our preparation machinery, up-to-date. We have also spent Tls. 59,238 on repairs and renewals, which have been written off in the working account. In 1900, the bedplate of the main engine was cracked and had to be replaced. It has since done service for over 20 years,. but was showing signs of giving out, and we thought it advisable to instal a new one before oun weaving plant was in full working order. For this purpose, the mill had to be stopped for about six Avecks and the opportunity was taken at the same time of renewing the flooring in the old mill and readjusting the spinning machinery, which is now in first-class working. order. The cost of all of these items was included in the above item of Tls. 59,238 written off in the working account.
Text read from the printed page and cleaned; old type leaves the occasional error.