13
279
after them figuren ka
of arriving at the men DGLO
of losu amatained by your olionts in the thros years of the
Canes azi es.
In 1929
・ompóny after paying the Government tha
C...ormona sum of $110,800 #nd providing fæ depreciation an
la moher at the abnormal rate of 30% made a profit of $38,700.
Adjusting those figures to the mme conditiona sa obtained in
your clients
** The profit would have been
18,700
/d£ Ovoz=provision for depreciation about
18,900
Zayment to devorıment in ensose of your clients
pier ront = about
Adjusted Pref 11
113,800
$150,500
In 1920 the Censessionaires, after paying the sake
amount to devorament and providing for depreciation – this time
at 50% fit in evidently the intentim of the Cenonsaiœaniros to
write off the whole eest of the launches in the throe years of the
donde sufon) made a profit of
80, 100
Add over provision for depre a în ti om
17,500
Payment to Government in axoo as af your clients
pier rent – about
115,800
$212,000
Adjusted Profit
your ellents estimate the Gompany will make at lonat the anme
3.