The Archive · 1938

Extract from Directors' Report

The nei result of the year's transaction shows a balance to the credit of Profit Loss Account of £259,743, made up as follows:

May July May July Chicago Corn 5235-5214. 5314-5316

Share of Kailan Mining Administration's Profits less Expenses plus Interest in China Interest in Europe Agency Fees Sundres Balance brought forward Winnipeg Wheat May 6216-6216 July 6256-6234.

Deduct: a penses in Europe.

Lord Mayor's Fund Relief of Distress in China. wacen one: BOD Loss on Exi 41,436 fence Contribution 13,000 Directors Remuneration 4,200 Income Tax 17,716 88,016

London £ Sterling T. T. on: Dec. 24.

New York 496.50 Shanghai Bombay 1/538 Hongkong—1/3 Singapore 2/4 Yokohama 1/2 n (buying) unq C'slovakia 135.875. S.—Seller Making a total of £259,743 which the directors recommend should MIB of Tate, (ree of Imcome Tax)... £141,000

Balance carried forward 112,743

£259,143

New York U.S.$ T. T. on:

Berlin 40.10 Japan Spain Ung. Shanghai Paris 2.63%, C'slovakia Holland 5436 Austria 2123

1630 Ung.

34312

Italy 5204, Rumania 074 Brussels. 16.8542 Hungary 1980

S'zerland 22.58%,. Yugo Slavia 2.30 Sweden 24.0312 Greece 0.85% Norway 23451; Bulgaria 125 Denmark 20834; Finland 2.06 Montreal 99000 Poland 18925

Brazil 595 Bombay Rupee T. T. on: closed. London Demand Bankers' 60 days bills Commercial 60 days bills Buenos Aires, Paper

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