Tobacco Documents Online

CERTIPIED,PUBL7C.ACCOUNTANTS 6:7. B~R-0AD~. STREET NEW YORK 4 P. Lorillard Cbmpatyyr: We have examined the financial statements and schedule&of P. Lorilliard Company andl its subsidiary company,, listed in the accompanying index, which you are filing as part of' your Annual Report (Form 10-K)lto the Securities and Exch:ange Commission for the year ended December 31,, 1958. Our examination was made in accordance with generally acceptediauditing standards, andi accordingly included such tests of the accounting recordsland such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying consolidated balance sheet and statements of'consolidated earni:ngs andlretained earnings and of additional paid-in capitaIl present fairly the financial position of the companies at December 31, 1958'and the results of' their operations for the year then ended, in conformity with generally accepted!accounting principlies applied on a basis consistent with that of the prec, -a yeara and the schedules present fairly the required information,. February 6, 1959,