In his speech, the chairman sald:—The general profit and loss account shows @ loss of $168,825.76 which, added to the debit balance of $613,- 434.55 brought forward from last makes a total balance of $782,260.31 at debit of this account, Which it is proposed to carry forward to next account.
A. debit balance of $20,590.76. has been transferred from all and sundry working account to general profit Jand loss account. Included in this account is the loss of $32,140.37 transferred from timber "working account. This latter figure - includes new terms.
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