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		46c.
		{Copy of 07/8
		 computation}
				OFFICE OF SURVEYOR OF TAXES,
				    PIONEER ASSURANCE BUILDINGS,
		Reference No. 104		  67, DALE STREET,
							    LIVERPOOL
						 16 October 1908.

			SIR,

				ACCOUNTS FOR THE YEAR, 1905-6.

				The above Accounts show that the profit liable to be brought
			into the average for assessment to Income Tax for the current year
			190_-190_ amounts to £3062, arrived at as under:-

				Balance			3718
				Income Tax		  97
							-----  £3815
			Less Loss: Continental Tour	 150
			     Balance of Reserve Credited  20
			     Property - Net Asst.	 583	 753
							-----  -----
							       £3062

				The assessment on the Company will therefore fall to be made
		£	in the sum of £_______, that being the average of the taxable
	190		profits for the years as set forth in the margin. Kindly inform me
	190		if you agree to these figures.
	190

						I am, Sir,
						  Your obedient Servant,
		W. C. Cuff Esq.			    S. MELVILLE BANKER,

							E. A. Bainbridge