. Not the least interesting feature of the recent meeting
of shareholders of the British American Tobacco Company were ,the statements made by the Chairman, Sir Hugo Cunliffe- Owen, setting out the general nature of the company's opera- tions. He stated that the company had shareholdings in upwards of 100 companies whose operations extended all over the world. Indeed, he mentioned that the population of the countries in which the goods of the company were sold totalled something like 1,400 millions. Notwithstanding the chaos in China and the lack of transport facilities which had inter- fered with the company's business in that country, Sir HugO Owen had a good word to say for the manner in which the Chinese and foreign staffs had met the difficulties with courage, patience and determination and he spoke with great hopeful- ness with regard to the future and, indeed, was able to say that the business for the first three months of the year had continued to show expansion.
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