英文早读第65篇，选自巴菲特年度信，友才翻译。
The only fly in the ointment was the obtaining of the necessary tax ruling. Union Oil was using a standard ABC production payment method of financing. The University of Southern California was the production payment holder and there was some delay because of their eleemosynary status.
唯一美中不足的是获得必须的税务认定。联合石油过去使用标准ABC生产支付方式财务制度。南加州大学是这个生产支付方式持有方，过去有些延迟因为他们的慈善性质。
This posed a new problem for the Internal Revenue Service, but we understood USC was willing to waive this status which still left them with a satisfactory profit after they borrowed all the money from a bank. While getting this ironed out created delay, it did not threaten the deal.
这对美国税务局引起一个新的问题，但是我们理解USC愿意放弃慈善性质这样他们在所有钱都来自银行借款后仍然会留下令人满意的利润。虽然解决这个问题造成了延迟，但他没有威胁到交易。
When we talked with the company on April 23rd and 24th, their estimate was that the closing would take place in August or September. The proxy material was mailed May 9th and stated the sale "will be consummated during the summer of 1962 and that within a few months thereafter the greater part of the proceeds will be distributed to stockholders in liquidation." As mentioned earlier, the estimate was 7.42 per share. Bill Scott attended the stockholders meeting in Houston on May 29th where it was stated they still expected to close on September 1st.
当我们在4月23和24号讨论这家公司时，他们预估交易将会在8月或9月关闭。在5月9日邮寄的代理材料中写道交易“将会在1962年夏天圆满完成，在此之后几个月获利的更多一部分将会分配给流动股东。”如之前提到的，预估每股7.42美金。比尔斯科特5月29日在休斯顿参加了股东会议，那里他们仍预计在9月1日完成交易。
105.ointment：软膏；药膏；油膏
106.eleemosynary：慈善的；不收费的；受抚恤的
107.pose：（为画像、拍照）摆姿势；装腔作势；造成问题；产生；引起；提问；佯装
108.waive：放弃（权利、要求等）
109.consummate：完美的；技艺高超的；使完美；使完整；（初次）同房；通过性交使（婚姻或两人的关系）圆满
110.ensuing：（年、月）接下来的；随后的；接踵而来的；随之产生
