英文早讀第183篇异袄,選自巴菲特年度信,友才翻譯冤灾。
The annual report of Blue Chip Stamps, which will contain financial statements for the year ending March 2, 1974 audited by Price, Waterhouse and Company, will be available in early May. Any shareholder of Berkshire Hathaway Inc. who desires an annual report of Blue Chip Stamps may obtain it at the time by writing Mr. Robert H. Bird, Secretary, Blue Chip Stamps, 5801 South Eastern Avenue, Los Angeles, California 90040.
藍芯票證公司的年度報告前域,包括由普華會計公司審計的1974年3月2日財年末財務報表,大約會在5月初獲得韵吨。伯克希爾哈撒韋的任何股東想要藍芯票證的年度報告可以屆時通過寫信給藍芯票證董秘羅伯特H博德先生獲得匿垄,地址是加州洛杉磯東南大道5801號,郵編90040。
Blue Chip's trading stamp business has declined drastically over the past year or so, but it has important sources of earning power in its See's Candy shops subsidiary as well as Wesco Financial Corporation, a 54% owned subsidiary engaged in the savings and loan business. We expect Blue Chip Stamps to achieve satisfactory earnings in future years related to capital employed, although certainly at a much lower level than would have been achieved if the trading stamp business had been maintained at anything close to former levels.
藍芯票證的貿易票證業(yè)務在過去一年左右大幅下滑椿疗,但是他有重要的利潤源于喜詩糖果商店子公司和持股54%的威斯克財務公司子公司漏峰,他致力于儲蓄和貸款業(yè)務。我們預計藍芯票證在未來與投入的資本而言届榄,會實現令人滿意的盈利浅乔,盡管當然比通過貿易票證業(yè)務接近之前業(yè)務水平所獲得的要少得多。
Your Chairman is on the Board of Directors of Blue Chip Stamps, as well as Wesco Financal Corporation, and is Chairman of the Board of See's Candy Shops Incorporated. Operating management of all three entities is in the hands of first-class, able, experienced executives.
你們的董事會主席在藍芯票證董事會铝条,也在威斯克財務公司靖苇,也是喜詩糖果商店公司的董事會主席。這三家公司的運營團隊都由一流的攻晒、有能力和經驗豐富的高管負責顾复。