THE TEA MARKET.
at the annual meeting of Harbisons and Crosfield, Ltd., recently in London, Mr. Eric Miller referred to the conservative policy of the directors in allocating £100,000 to be written off investments. The directors were satisfied that adequate provision had been made in -writing down the investments without an any way entrenching-upon the general reserve of £560,000. Keviewing .the tea industry, he said: "The outstanding feature is the fact that for the first time \n the history of- the trade we have had India, Ceylon, and the Dutch East Indies in agreement on a common policy. The reduction in crop during the__ present year is- expected to amount t0.55 million pound^of tea. World consumption during 1929 is. estimated at 030 million pound, an increase of 22 million pound over 1928 consumption. We do not look for any marked increase in world consumption during the current year, and a continuance of finer plucking is clearly the right policy for producers."
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Evening Post, Volume CX, Issue 133, 3 December 1930, Page 14
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161THE TEA MARKET. Evening Post, Volume CX, Issue 133, 3 December 1930, Page 14
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