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Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for

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Page 1: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 2: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 3: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 4: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 5: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 6: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 7: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 8: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 9: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 10: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 11: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 12: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 13: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 14: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 15: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 16: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 17: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 18: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 19: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 20: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 21: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 22: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 23: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 24: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 25: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 26: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 27: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for
Page 28: Brown-Forman Annual Report 1949...per share on the 588,974 Common Shares outstanding. Cash dividends amounting to $981,735.20 were declared during the year just ended. Net sales for