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United Fruit Com PANY 
GENERAL OFFICES.80 FEDERAL STREET 
Boston io.Massachusetts 
KENNETH H. REDMOND 
PRESIDENT 
August 20, 1957 
To Our Shareholders : 
Although we advise you regularly about matters pertaining to the 
Company’s business in the “UF SHAREHOLDER,” sometimes there 
are interim developments in which we know you will he particularly 
interested. 
During the past week we have contracted to acquire the rights to 
a concession granted by the Republic of Panama to explore for petro¬ 
leum over an area of more than one million acres. The concession is 
situated in the ^ ™ n ' n ^ 
where we have been aomg Business lor many years, ana wnere some oi 
our finest banana plantations are located. 
Your management realizes the risk factor inherent in the search 
for any natural resources. Our decision to move into this new activity 
was made after considerable study and expert advice. 
Cordially yours, 
