If the last few years saw businesses getting disrupted due to technology we are nowseeing another dimension of disruption in the form of trade barriers. As protectionismgains ground and immigration laws get more stringent the free exchange of trade andresources leading to prosperity and advancement for all is being replaced with greed forsome and fear for others.
Against the backdrop of unparalleled challenges such as Brexit US trade barriersanti-immigration policies and unemployment growth in many countries the travel industrycontinues to experience high levels of activity. At C&K we continue to benefit fromthis and are well positioned to scale up. As we embark on a new journey of holidayfinancing through Cox & Kings Financial Service Limited (CKFSL) I am confident thatit will not only benefit our shareholders to leverage another area of business but alsostrengthen our Leisure - India retail segment.
I would like to express my gratitude to the entire staff and shareholders of C&K.
Anthony B. M. Good OBE