į
A
343
The charges, the percentage of which to turnover
is exceptionally high, include the item Interest. In
1912 Interest amounted to $.12,800, by far the largest
item of expense. I presume this points to a long credit
system. If so, it appears to be worth while. The other
large items under Charges are salaries and allowances,
and discounts.
The following show sales on commission for the
Central Agency.
Sales.
Commission.
1907
$. -
8. 1,400
1908
65,000
2,200
1909
61,000
2,600
1910
62,000
2,600
1911
52,000
2,300
1912
68,000
3,100
1913
88,000
4,000
The following extract from an autograph letter
(balance letter to London 1913) is interesting. Singlets'...'
"This result is owing to the increased popularity of a
class of white singlets bought in England.
It seems,
however, that we have now come to a certain standstill
here, the last big orders were booked with very great
difficulities only, the makers showing themselves exceed-
ingly stiffnecked as regards price. In consequence of
this