| |
Pending
the valuations by an independent third party of investments as at 1
October 2001 for capital gains tax purposes, a process which is under
way and will be completed by the year-end, the directors' valuations
of investments have been retained as reflected in the interim report
on 30 September 2001. At year-end evaluations will be based on
independent valuations as calculated for capital gains tax purposes. |