=+No disposal of any of these assets has been made during the year. The directors are of

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=+No disposal of any of these assets has been made during the year.

The directors are of the opinion that the market value of the Stock on hand and of the Trade Investments is in excess of cost. The market value of the Quoted Investments is £10,800.

Out of the Profit & Loss Account balance it has been decided to:

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