All the raw materials used by the company for the manufacture aunt biscuits, candies, and bakery]
Such as sugar, glucose, flour, be imported from foreign counties, imported from foreign countries, jand paid for om delivery. - As the] above items can best be purchased in large quantities it has been found necessary for the company to par-chase sufficient for operations from three to nine. monthe forward. B. "his means that the company carsfen'a stock of raw materials at all times amounting to about Sh, $300,- 000," These large purchases involve exchange risks which eanot be com been completely consumed, On the other hand, the sale of the company's finished producte to re-requires an extension of jexedit for from 00 to 90 days. Be-Jcause of the volume of our business is therefore necessary for. the company to tie up between $400,000, to $500,080 in raw materials, and
Text read from the printed page and cleaned; old type leaves the occasional error.