Common use of Stocks Clause in Contracts

Stocks. Stocks consist of silver bullion arising from the melt-down of numismatic coins, the gold and silver bullion content of the following categories of numismatic coins: coins for resale, museum items and coins awaiting melt-down and unissued currency notes. Bullion stocks are stated at year-end market values for gold and silver bullion and unrealised gain/loss are recorded in the Income Statement. The stock of unissued currency notes is stated at cost. Only the cost of notes issued into circulation is expensed on a “first in first out” basis. (See also Note 6).

Appears in 4 contracts

Samples: Ownership Agreements, Ownership Agreements, Ownership Agreements

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!