CO129-475 - Governor Sir Stubbs & Acting Governor Claud Severn - 1922 [5-7] — Page 324

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stimated, and put together by us in the Statement attached merkad

Do kavo set andited these figures and do not vouch

for their somazsay but on the other hand we have no reasÊN

doubt their accuracy and believe them to be for ali preetisl par-

poses soFrost.

They are stated to sentain all managüneṛt expense a

and repairs anang the expenses but not deprealetion. For this

latter we have accepted Mosare. Onzuichsel à dîark's figure of

5ể chinh on their valastion of the lamnahoa in use would monn on

of

izgs ̋shout $15,000 which sun we have izoladed,

The profits thus arrived at are for:-

YU FORES

1918

1916

1917

1918

83,291.46

$6,507,07

89.699.69

71.471.25

240-769.47

an average of

85.192.37

be therefora valus

he Goodwill at a throa youtu

$256,577,11

To have been hande: figure which we are inť omno

are the soceants of the How Furry dones saionaires, the Kowloon

Sue Teak Laffong Steam lasach Company, Ltd., and it is interesting