BRITISH-AMERICAN TOBACCO
Extreme prices of American leaf was one of the chief trading difficulties of British-American Tobacco Co., Ltd., London, according to Sir Hugo Cunliffe-Owen, Bart., chairman. The company's stocks of leaf, manufactured goods and materials at cost or under showed a substantial increase of £2,415,119, as compared with the corresponding figure in last year's balance sheet, very largely due to increased value of leaf tobacco. The 1941 American leaf crop (of which only part was sold prior to September, 1941) realised very high prices. The prices of the 1942 American leaf crop showed still further increases, and these higher prices were reflected in the increased value of leaf stocks at the end of the financial year. The company, and its subsidiary and associated companies in many parts of the world, had to contend with very considerable difficulties in connection with the supply of leaf and other materials.
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Auckland Star, Volume LXXIV, Issue 109, 10 May 1943, Page 5
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148BRITISH-AMERICAN TOBACCO Auckland Star, Volume LXXIV, Issue 109, 10 May 1943, Page 5
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