=+Henry having given notice that he wished to retire on the date mentioned, and it having been

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=+Henry having given notice that he wished to retire on the date mentioned, and it having been determined to admit Lambert as a new partner on the following day, the following terms were agreed:

(a) The balance sheet was to be revised, before the change, by writing up the book value of the freehold property to £7,500, and £200 was to be set aside as a provision against doubtful debts.

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