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We made only one minor acquisition during 1994 - a small retail shoe chain - but our interest in finding good candidates remains as keen as ever. The criteria we employ for purchases or mergers is detailed in the appendix on page 21. Last spring, we offered to merge with a large, family-controlled business on terms that included a Berkshire convertible preferred stock. Though we failed to reach an agreement, this episode made me realize that we needed to ask our shareholders to authorize preferred shares in case we wanted in the future to move quickly if a similar acquisition opportunity were to appear. Accordingly, our proxy presents a proposal that you authorize a large amount of preferred stock, which will be issuable on terms

去年春天，我们曾经对一家大型的家族企业提出购并的提议，交易的内容包含发行伯克希尔可转换的特别股，虽然后来双方未能达成协议，但这次的经验提醒我们必须先取得伯克希尔股东们的同意，授权董事会发行特别股，好让我们在合适的购并机会出现时，可以做出快速的响应，因此，在今年的股东会议案中，包含了一项授权董事会在适当的时机发行特别股的提案，当然大家可以百分之百地相信， www.buffettism.com 巴菲特研究中心 Research Centre for Buffettism set by the Board of Directors。

Using 100% ethanol and ice cold acetic acid to make stock solutions recommended by your company doesnot give any problem for the product to be dissolved. However, because limonin slightly dissolves in water, is it possible that there will be crystal of the product when we prepare the working solution from the stock while exceeding the solubility. If there is such effect on the research result, are there any solutions for it? According to research articles, the IC50 of limonin in cell model is around 100ug/ml, the effective concentration in animal model are way higher!

产品用贵公司推荐的100％乙醇或冰醋酸作为融媒配成母液时并不存在溶解的问题，但当母液进一步配制工作液时由于Limonin微溶于水，若超出溶解度范围是否将有结晶析出，如有将会影响研究结果，应该如何解决该问题（注：根据文献报道细胞模型Limonin的IC50约在100ug/ml左右，动物模型有效作用浓度将更高！

Since Baoyan Incident in 1993.the consolidation of companies occurs frequently in our country.and it can also be predicted that with the growth of stock companies.the changes of bonus stock structure and the maturement of security business, the number of consolidation cases will be in rise .

自从1993年宝延事件后，我国的公司收购事件频繁发生，而且可以预测，随着我国股份公司的增多、股权结构的变化和证券市场的成熟，公司收购数量会迅速增加。

This paper uses some of the contents of econometrics, including computations and proving of related coefficients and monadic linear regression analysis methods to analysis the degree of association between the various circumstances for the prosperity in each industryin China and the performance of related industries in the stock market as well as the industry indexes. Through conducting this type of analysis, the paper, hopes to provide the investors in China with some definite assistance in their allocations to the various industries during the course of stock investments.

本文利用计量经济学中的一些内容，包括相关系数的计算及检验、一元线性回归分析方法来分析近年来我国各行业的景气情况与相关行业在证券市场的表现即行业指数的运行之间的关联度，并旨在通过这一分析为我国的投资者在证券投资的过程中所进行的行业配置工作提供一定的帮助。

Security" means any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a "security, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

参见笔者文章，《美国&公司&的主要经营组织形式及法律特征分析》，&corporation&与&Company&在我国虽然都被翻译为&公司&，但它们在英文中却是两个完全不同的概念。

In some conditions the fluctuation of stock price is not a continuous process,in order to imitate and analyze the uncontinuous process,a cusp catastrophe model of stock price is set up,in the mean time makes a brief analysis of this model,and finally gives some advices according to the analysis.

针对股票价格变化在某种条件下具有不连续性的问题，对这种不连续的股票价格变化进行了描述与分析。以突变理论为基础，建立了一个描述股票价格短期变化过程的尖点突变模型，并对该模型进行了简要分析。最后，根据分析结果提出了相应的政策建议

There are six chapters altogether. Chapter One mainly introduces the basic theory of Executive Stock Options. Chapter Two sets emphasis on the related system construction, and points out the main barriers of practice in China, and also provides some feasible suggestions. Chapter Three, Chapter Four and Chapter Five are the main body of this paper, and they discuss the recognition, measurement and disclosure of accounting for stock option respectively, which are based on the new development in the world. Based on the situation of our country, Chapter Six construes the actuality of accounting in China, and points out some useful suggestions.

全文共分为六章，第一章主要介绍经理股票期权制度的基本理论，分析其优势和弊端；第二章从制度方面入手，结合我国国情对我国实施经理股票期权制度进行探讨，研究实施障碍并提出政策建议；第三、四、五章是本文的主体部分，在结合国际最新研究成果的基础上，从确认、计量和披露三个方面探讨经理股票期权的各会计处理环节；最后第六章则立足国情，调查我国经理股票期权会计处理的现状，并提出我国目前适宜的会计处理方法建议。

I observ'd, that the two who swam, were yet more than twice as long swimming over the Creek, as the Fellow was, that fled from them: It came now very warmly upon my Thoughts, and indeed irresistibly, that now was my Time to get me a Servant, and perhaps a Companion, or Assistant; and that I was call'd plainly by Providence to save this poor Creature's Life; I immediately run down the Ladders with all possible Expedition, fetches my two Guns, for they were both but at the Foot of the Ladders, as I observ'd above; and getting up again, with the same haste, to the Top of the Hill, I cross'd toward the Sea; and having a very short Cut, and all down Hill, clapp'd my self in the way, between the Pursuers, and the Pursu'd; hallowing aloud to him that fled, who looking back, was at first perhaps as much frighted at me, as at them; but I beckon'd with my Hand to him, to come back; and in the mean time, I slowly advanc'd towards the two that follow'd; then rushing at once upon the foremost, I knock'd him down with the Stock of my Piece I was loath to fire, because 1 would not have the rest hear; though at that distance, it would not have been easily heard, and being out of Sight of the Smoke too, they wou'd not have easily known what to make of it: Having knock'd this Fellow down, the other who pursu'd with him stopp'd, as if he had been frighted; and I advanc'd a-pace towards him; but as I came nearer, I perceiv'd presently, he had a Bow and Arrow, and was fitting it to shoot at me; so I was then necessitated to shoot at him first, which I did, and kill'd him at the first Shoot; the poor Savage who fled, but had stopp'd; though he saw both his Enemies fallen, and kill'd, as he thought; yet was so frighted with the Fire, and Noise of my Piece, that he stood Stock still, and neither came forward or went backward, tho' he seem'd rather enclin'd to fly still, than to come on; I hollow'd again to him, and made Signs to come forward, which he easily understood, and came a little way, then stopp'd again, and then a little further, and stopp'd again, and I cou'd then perceive that he stood trembling, as if he had been taken Prisoner, and had just been to be kill'd, as his two Enemies were; I beckon'd him again to come to me, and gave him all the Signs of Encouragement that I could think of, and he came nearer and nearer, kneeling down every Ten or Twelve steps in token of acknowledgement for my saving his Life: I smil'd at him, and look'd pleasantly, and beckon'd to him to come still nearer; at length he came close to me, and then he kneel'd down again, kiss'd the Ground, and laid his Head upon the Ground, and taking me by the Foot, set my Foot upon his Head; this it seems was in token of swearing to be my Slave for ever; I took him up, and made much of him, and encourag'd him all I could.

在他们和我的城堡之间，有一条小河。

In addition, the evidences about the investor sentiment in China\'s stock markets not only support the theoretical conclusions of this paper, but also show there are obvious differences in sentiment\'s formation and influence between the retailed and institutional stock investors in China.

此外，本文对中国股票市场上投资者情绪的实证研究不仅较好地支持了理论分析的一些结论，并且说明中国股市上的散户与机构投资者在情绪形成和影响上存在明显差异。

Bank credit funds into the stock market in China is not a new problem, say, in China's stock market more than ten years of development process, this problem is always in the form appear constantly.

银行信贷资金进入股票市场的问题在我国并不是一个新问题，可以说，在中国股票市场十多年的发展过程中，这一问题总是以或明或暗的形式不断出现。

By the time of its fall, most of the prisoners were writers who had written against the corruptions of the government.

到它被攻陷的时候，里面多数的犯人是写了反对政府贪污文章的作家。

The most obvious variation to ovum morphological character was that the color was changed from light green to sepiaceous in embryonic development, and all the ovums were almost hatched after 96h.

在胚胎发育过程中卵的形态特征最明显的变化是颜色从淡绿到深褐色，卵在发育96h后卵基本全部孵化。