The Chairman said: As you are all familiar with the details of the report and accounts which we have placed in your hands, I need say but little about them, but I take this opportunity to give a short general review of our business. This because I am told the position of the Company is not thoroughly appreciated by all our shareholders.
The test of good and economical management is the cost of produc tion, From the report you will see that the cost of our rubber has been reduced to 1/%e4d. This figure includes absolutely everything, so that the difference between it and the average selling price ie our real profit. - When you bear in mind that we have during the year added some_18,500 trees to the 43,000 trees
Text read from the printed page and cleaned; old type leaves the occasional error.