The Longai Valley Tea Company Limited (Cachar) Report by the Directors 31st December 1950

After allowing for taxation and the transfer of £3 000 to Contingencies Reserve it has been possible for the Board to recommend the payment of a Dividend of 74 per cent. [...] We have not seen the Title Deeds for the Company's Estates in India which are stated to be the hest of our knowledge and belief were necessary for the purposes of the audit. [...] atent with the books of account and returns from India give in our opinion and to the best of our information Sriner so required and give a true and fair view of the state of the Company's affairs as at 31st December 1950 REPORT 0 We have audited the books and accounts of The Longai Valley Tea Co. [...] Subject to the foregoing we have obtained all the information and explanations whic Looks of account have been kept by the Company so far as appears from our examination of these books ti The above Balance Sheet and annexed Profit & Loss and Appropriation Accounts which are in agree and according to the explanations given to us the information required by the Companies Act 1948 in the in and [...] for the following purposes :- To receive and pass the Directors' Report and Accounts for the year ended 31st December 1950 To declare a Dividend To elect a Director To fix Auditors' remuneration and to transact the ordinary business of the Company.