Stocks of cotton and yarn carried at the end of the year are normal, but coal stocks are larger than those of previous years, being considered necessary as a precaution against any Possible scarcity of supplies.
'The auditors' fees are payable half in local currency and half in sterling converted at 1/2. 3/8d., to a dollar. The increase in the amount as compared with that of the previous year is due to a further depreciation of our currency.
Exchange Confusion
Confusion in the exchange market
Text read from the printed page and cleaned; old type leaves the occasional error.