Page 49 - Be Reasonable – Do It My Way , Peter E. Daly AM, My Story
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CHAPTER 3 - JOHANNESBURG TO DURBAN TO CAPE TOWN TO PORT ELIZABETH AND BACK TO JOHANNESBURG
It caused much grief but at the end of the day we were right in our judgement. It still ended up as the major claim on the company; indeed it affected the L&G worldwide result for that year. In the end we were able to utilise the losses by the Life Insurance company taking over the debt and setting it off against tax.
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