Document mq7OkEjQVMXv2oYZbbpmjBKek

?/^-v OCt Australian Blue Asbestos Limited WITTENOOM GORGE WESTERN AUSTRALIA PRIVATE The Managing Director. Australian Blue Asbestos Ltd*. SYDNEY____K*S*W* 21st December, 1953*. Jtu. $H**.a* 0$7 i . ;* Dear Sir, MANAGER'S REPORT 4 WE, 1/12/5^ - Your 140. It is j regretted that the financial report left a doubt on the oosition as it stands* i \ L The amount of 19*767*12*1* being the outstanding \ balance of the Fibre Sales Account with the C.S.H. Co. -j Perth Office on the changeover from Hr. Maguire -to our :7 A.B.A. Ltd* Perth Engineer* was withheld from the 60,-276*18.34 proceeds from invoice No* m05* As the Fibre Sales Account balance was adjusted by contra and no actual-cash trans- A action occurred, the amount of X9$767*12.X did riot'appear ' [ in the receipts* The total of proceeds undrawn^at Z/12/53 I in actual figures was 42*533 less the 19 {760 Above Reaving" I an amount of 22,765 still `undrawn at.the date* v: :^ie-amounts shown in the renort were in round figures, and to>^avoiid. any - future confusion we will where possible show' the' &rit&al - amounts* These round figures were used <solely tuipdirit.oait: . the discrepancy between the estimated- receipts-^gj^ftiand LL . j the actual receipts of 39| 509 We are embarrassed for cash now enndd;; eure^weion at 18th December Is as follows:* - - V - - I Mine Cash 2618 ^v:No.* 2 Account . 6626 No. l-Aceourit ;ioi 802 .r. uy 2 WITTENOOM/SYDNEY - No. P. 57^ Outstanding invoices held by Perth Office amount to 12,000 and our liabilities at the Mine include Salaries 3400,' .-; Diesel Fuel 2500 and Disposal Contract, Cafeteria etc, 1000 ; and thus totals 10,000. In addition to this additional **000 required in the No. 2 Account we will require at least 2500 transferred in cash to the Mine for wages payable on 1st January. We would therefore request as in ay Tepotft your urgent consideration for the amount of 1976$.V retailed .by C.S.R. Co. Perth against the "Fibre Sades: Aec0unt'b.T8ade: available to assist us into the New Year andstbus obviate calling on capital. . .{ .> . '7 % j * ,\ v- l \ / C 1803