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PA�� � - �ixT� A�1T� ���XE Ai�'Ti � �LNAI�'�'�i�
<br />�oltar�n�a'�_l�te -'i� �a� far thie an�ysis is � s� � f�r th� �sh Fl�v�r arid
<br />�t 'Valu� �.st�ly�si�,
<br />�1� �� Fsti�ted Tax r�,��+t fa� ��ads - 'This n�v�r'iu� �tr�arn �l�]i�g
<br />��8, �xl �,� 1� i� i��„tic� ta tI�� �stint�� �x it�t�cr�t �e�rib�e� iri o�1� ��� �
<br />Pag� ��� �s th� resux� �f �al�ulatiflg tf� t�x iac.;�meat r�v�nu�� �ss�rrrir�g �.��
<br />infla��_ �7�,6�3,,S1� r���#.� #u �+atal arn�ur�t o� �ma��d t� in�r�er���t
<br />$va�lab�e �'or �n�r�J oT�li�s�an baada �`�n�"�, cit� administirrati�� f�s an�
<br />r�+r�t��� no�e� �"Notes�'�.
<br />���� F�im�t�d Tax In�r�t - T�� r�rc,nu� �trcarn t�t�it�g ���,�7�,81� i�
<br />r,� r�sult af calo�tlatin� 11�� ta� in�:r�m,cr�t r�3r�rnu� �ssurr�;n� ��.�� ir�f��ti�n
<br />�a�t�rr. �I�e d�fi�`� of ���,837}?4� b�tw�i t�ia �a�u� �c� and caE+�r� �h}
<br />a�ov� �� inf�a��_ Th� ���'��,8 �� �pr�n� th� ��t �v$il�b�� eo R�Y
<br />��ip�l �nd mt�rest p�.yrrr�t� on �� ���s �d �1s� �n�l� l l � , � 1 °�6 �ov�r�gc
<br />�n t�s+e B�,
<br />�l�xrr ��� Ta�r In�r�n���an�s �ave�a�e , �"his ��umn botayin� ��1}���,�3�
<br />ne�r�s�nts th� d��t servi�e �ri��igal �n� irYt�rest p�}�-rr�,t�� ��e ��nds, The
<br />di�"�ncc �� ��,??7,� $� ��C�++r�n �� 1,���,��� artd ���,���, � � � �crib�d 'ta
<br />oolumn ��� ah.ov� �� th� l'1 �.1 l°�'o c,o��ra� � the B�nd�_
<br />�1���� ,�trti Ann�al �s����lu� ��r� - � e�t�l �f ��l,d�?�,8�9
<br />r��r�ert�s t�ie pri���pal a�n�ur�t �f #he �or�d�, 'I�� di�f�n� vf` ,53�,5�0,3�3
<br />be�� �� I,��7a8�� ar�d t�t�] debt s�icc flf �� 1,��8,�'�� des�crib�d in ��� �ve
<br />2� thc ir��st �n th� �ands,
<br />�09� mu ' alu� � - '�'Fti$ ��I�nn ��i���s a ���mul$�i+��
<br />t�l �f k�'i� princigaJ �yr��� � s,t'i�m iii ��11�rr�i ��� �b��r�.
<br />��I mai � U��ut - 7�i� r+�rr�tre ���rt� t�t�lir�g
<br />3�i,� 1 S,�S� i� th� �if�'�r� k�t� th� t�ta] lax in�r�er�t �f $�F�,� I 3t� l�
<br />��ri��d ifl �o��mn �b� aba�� �� d�bt �ce o� t� ��rjds �f � � 1,9�8,���
<br />��rib� ir� e�l�mrn �d� �b�ve�
<br />calumn �h,��ss �drrEin �e� -� '�`ht O�t�y �f $�,�1,��� re�a`escr�Cs �dmir�is�ti�r�e
<br />��� thst �� Ci�y rna�r retai� b�$e�d �$ rna�€ir�ultr� [�� 1�,��'°�o o� t� t���] ��tim�t�d
<br />[2� ��r�me�� �� �78}� � �,� 1 � �escri �cd in colwim �b� �ve-
<br />� of 3�4
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