The profit and loss account dis closes "a net profit of Guilders 85,480.19, which "is really Guilders 94.80.10" since the agency fee of Gillders 9,000 is, In effect, merely a transfer to the Shanghai company and its equivalent in Chinese dollars ap~ pears as a credit in the profit and toss account of the Shanghai company, Taxation Heavy You will have noticed that we had to b: luge sum of 1.139.800 in Taxation and 2,811.91 for additional assessment over 1059 accounts oF oral of £.142,611,91 equivalent to 58 er cent, of the gross profit. It we add to this the export tax the total taxation amounted to 64% per cent. of the gross profit, capital expone ture amounted in' total to Guilders: 251041 which covered the cost of the
Text read from the printed page and cleaned; old type leaves the occasional error.