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They did a considerable export business. The follow-
ing figures are extracted from the private books; -
Invoice value. Profit. Salaries. Net profit. *
7,200 (4,200) (3,000) 3/5
Year.
1910
475,000
(Tin
373,000
4,500)
1911
860,000
4,800 4,200
5,600 3/5
(Tin
660,000
5,000
1912
1,090,000
7,800 5,100
2,700 1/5
(Tin
870,000
3,700
1913
(Tin
510,000
260,000
3,500 5,600
2,100 3/5
The invoice value includes besides cost, insurance
and freight, certain charges as telegrams, coolie hire,
godown rent which can be apportioned to individual in-
voices. There remain to be reduced from the net profit
certain other charges which appear under the heading
General Charges in the Profit and Loss account of the
whole business. Under this heading are included such
items as office rent, rent of managers house, donations,
petty expenses.
The figures are as follows:-
1910
$. 18,500
1911
32,000
1912
35,000
1913
41,000
It is clear that some of these charges are in no
way debitable to exports.
Others however, particularly
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