muy mal, la relacion semestral (half-yearly report) de
la compania hace constar (shows) una situacion muy desfavorable y no
habra dividendo este ano.

18. Talvez se remedien las cosas (things) el ano proximo.

19. Hay que esperarlo (let us hope so).

[Footnote 76: _Or_ se representa.]

EXERCISE 2 (16).

Translate into Spanish--

1. We beg to confirm (confirmamos)[77] our cable (cable) of last week.

2. They calculated their profits and losses.

3. I calculate upon doing it (cuento con hacerlo) before Easter.

4. This is not calculated to produce (no se cree que esto producira) any
bad impression.

5. He called him to his house.

6. We take the liberty to call your attention to the position of your
account (nos tomamos la libertad de dirigir ...).

7. The creditors were called (convocados) to a meeting.

8. I was called away (tuve que ausentarme).

9. I shall call at (pasare por) the exchange.

10. All the old issues were called in (se recogieron).

11. The "Shannon" will call at (hara escala en) Cadiz.

12. They will make a call (pediran una cuota) of L1 per share.

13. This steel is worth much less than that.

14. It is not worth (no vale la pena de) buying.

15. This limited company is worth (posee) L50,000.

16. This scheme is worthy of study (merece ser estudiado).

17. Please protest the bill in case of non-acceptance and then again for
non-payment.

18. The law of supply and demand (demanda y oferta) governs the markets
of the world (mundo).

19. The deeds (las actas) were all signed by a notary (notario).

20. Kindly take due note (debida _or_ buena nota) of our signature at
foot (firma al pie).

21. All our efforts (esfuerzos) have been of no avail (en balde, en
vano).

22. In vain (en balde, en vano) we tried.

[Footnote 77: Do not translate "beg" before an infinitive.

LESSON IX.
(Leccion novena.)

PERSONAL PRONOUNS (_contd._).

Pronouns in the Disjunctive form occupy the same position in the
sentence as they do in English.

Pronouns in the Conjunctive form precede the verb, as--

El los compro: He bought them.

Yo le mostrare a V. mi libro mayor y mi diario: I shall show you my
ledger and journal or day-book.

Mi cajero les pagara lo que les debo: My cashier will pay you what I owe
you.

Nos ha exhibido su libro de facturas: He showed us his invoice