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The figures in this repért are taken from SCebled Rerorts and are uneaudited end eubs ject tc minor «djuctzents. ,
The Foreign Deperteert hes shown constierable improvement {n 1980 es commred te 1949, espectelly during the last half of 198. ‘the lees et the end of 1949 wae $271,000. As of Tecesber. 1969, thers ie « previt of $8,447.
It should be noted thet the Played Business, dollar-wise, is approxisately the seme as 1949 becsuss of the 34 devaluation in the currency of moet foreign countries, wv ich geans thet we heave oversere this devaluation is cur overe]1 business. Yor example, in Wighast, the Flayed business in pounds, for 1949, was 4641,000 as egsinst 1687,000 in 1950. This represents o 7% increase in pounds while the éollar figure shows « decreese of approxiastely 22%
Yhere has been s marked improvement in cur operations throug cut sost of aaropeFrance has increased its business in 1950 by 40% over 1949; Belgius Si Sweden 56%, Italy, Portugal, agypt and Ieragl, alac, show substantiel incresses.” Tis, we believe, can be attributed to the very close egervision on the vert of our Continents! Menager, Mr. George Orastein, and the exeellent cooperation given him by Mr. Souvier an! the muncyers throughout Murepe.
éustralie and Mew lealand heve shown an increase of 27% and 18%, ata Tae business fa Hong Kong has increaeed by 257%; Straits Settlenents 112°
Attached herewith sre)
Schedule “A*, whteh shows the Played Business, Corporation Shere, Bepenses, and Profit aad Loss, by country: . '
Sehedule *14*, watch shows a bresk<-dows of Sew York Szpensee;
Sehedule "BT", waleb shows the business by sonth for 1950: i ®
Sehe@ule *C*, waiek liate-the rictures ahippet erring 1949;
Schedule “D*, whieh liste $$... Ye would ¢al1 epesiel attention to Sehedule *1a?, Mew York Expenses, vaieh shows & Fedustion in the Her fork Expenses in practicaliy all itens, the tetel of waieh reduction ancumts to 344,671.
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