英文早读第183篇，选自巴菲特年度信，友才翻译。
The annual report of Blue Chip Stamps, which will contain financial statements for the year ending March 2, 1974 audited by Price, Waterhouse and Company, will be available in early May. Any shareholder of Berkshire Hathaway Inc. who desires an annual report of Blue Chip Stamps may obtain it at the time by writing Mr. Robert H. Bird, Secretary, Blue Chip Stamps, 5801 South Eastern Avenue, Los Angeles, California 90040.
蓝芯票证公司的年度报告，包括由普华会计公司审计的1974年3月2日财年末财务报表，大约会在5月初获得。伯克希尔哈撒韦的任何股东想要蓝芯票证的年度报告可以届时通过写信给蓝芯票证董秘罗伯特H博德先生获得，地址是加州洛杉矶东南大道5801号，邮编90040。
Blue Chip's trading stamp business has declined drastically over the past year or so, but it has important sources of earning power in its See's Candy shops subsidiary as well as Wesco Financial Corporation, a 54% owned subsidiary engaged in the savings and loan business. We expect Blue Chip Stamps to achieve satisfactory earnings in future years related to capital employed, although certainly at a much lower level than would have been achieved if the trading stamp business had been maintained at anything close to former levels.
蓝芯票证的贸易票证业务在过去一年左右大幅下滑，但是他有重要的利润源于喜诗糖果商店子公司和持股54%的威斯克财务公司子公司，他致力于储蓄和贷款业务。我们预计蓝芯票证在未来与投入的资本而言，会实现令人满意的盈利，尽管当然比通过贸易票证业务接近之前业务水平所获得的要少得多。
Your Chairman is on the Board of Directors of Blue Chip Stamps, as well as Wesco Financal Corporation, and is Chairman of the Board of See's Candy Shops Incorporated. Operating management of all three entities is in the hands of first-class, able, experienced executives.
你们的董事会主席在蓝芯票证董事会，也在威斯克财务公司，也是喜诗糖果商店公司的董事会主席。这三家公司的运营团队都由一流的、有能力和经验丰富的高管负责。
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