―With respect to the debts due from the overseas agent, we acknowledge:
i) That we have included all such amounts as owed and no amounts outstanding are unrecorded.
ii) That as at 31 December 2000, the amounts owed by the agent total to Sh.270 million.
iii) That there is no reason to believe that the amount is not recoverable from the agent overseas. However, in the determination of provision for doubtful debts, this figure is included to determine the general provision