H—-44b

Trading Account, Year Ended 31st December, 1948 Dr. £ Or. £ Cost of Production Account .. .. .. .. 136,942 Sales of fibre .. .. .. .. .. .. 117,094 Stocks of fibre (Ist January, 1948) .. .. .. 2,636 Stocks of fibre .. .. .. .. .. .. 25,352 Export charges and fibre store insurance .. .. .. 2,927 Profit and Loss Account (gross loss transferred) . . .. 59' £142,505 £142,505 Profit and Loss Account, Year Ended 31st December, 1948 Dr. £ Or. £ Trading Account .. .. .. .. . . 59 Profit on sale motor-vehicles .. .. .. .. 372 Salaries .. .. .. .. .. .. 6,617 Profit and Loss Appropriation Account (net loss transferred) 9,381 Travelhng-expenses .. .. .. .. .. 1,161 Directors' fees and expenses .. .. ... .. 405 Audit fees .. .: .. .. .. .. 72 General expenses, telephones, and postages, stationery, Head Office rent, heat and light, exchange, discount, law-costs .. 686 Marketing expenses .. .. .. .. .. 668 Depreciation .. .. .. .. .. .. 85 £9,753 £9,753 Profit and Loss Appropriation Account, Year Ended 31st December, 1948 Dr. £ Or. £ Profit and Loss Account (net loss transferred) .. .. 9,381 Balance— Ist January, 1948 .. .. .. .. .. 4,839 31st December, 1948 " .. .. .. .. 4,542 £9,381 £9,381

2—H 44b

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