Thinning out es being done in laceordanes with (he results shown by the records of yield from individual trees, inter= ciplen on which our sele yield. is Vased haw just over an anew, of 3 ana wae originally plant= with records tak 1985 showed trees were wecort with the astonishing result sat during Ube three months October to December, 1923, the yield from this aren was 1.743 Th, fne compar Jed with 1,359 Ili. for the sumo. Period last your from practically double the Humber of tree® ping system. "The: are reported to" udid condition" and losing up. the oper their crown develops Over other areas that have Devt thinned out by selection the re rats "age the aa, either 0 Hioticeable vestuction in crop oF a fey small one and that quickly made good and the yield. showing 'a steady upward movement, you will tun, now, to the accounts you will seo that the year's working has resulted in a profit of Guilders, 607,603 which Limburg contributed Guitdlors 514,400 and Djavangan Guild-just as good if not a better chanco Matthews be and are hereby lected auditors to the company Subject to your approval it ix 4 the wet weather, which Jers 189,012, After certain Reserves and of' survival than "they (the! Dutch) do, whereas by working' together fair and reasonable profits could be assured without hurting cither manufacturer or 7! consumer, We must listen to further platitudes about the danger, of interfering with the Jaw of aupply and demand, that twaddle in out of date, though T seo itis still voiced ty certain Dutch—anti-restricters, stubborn mon, who are blind to what} pli These are the days of restriction has already accom. combination and. in_ combination fies strength and safety. 'There fore we should welcome Dutch] ce-operation and we have 10! doubt a scheme of renteietion coptable to. all, parties cou evolved. It only' needs the will, the way can soon te made.
Last year I dwelt upon the necessity of building up a reserve and hoped we should do something in this direction as well as pay. dividends. In the. repent before you we recommend a 5 Ti per, cgat dividend and, carey yard a fair amount, but we can' allocate nothing to' reserve on natttaliyenbaoead? our eat, of Hag year's working.
reduction over 14d. per Ib, but is was well offset by a sale Price of over 1/3 as compared! with 6} in 1922, for the ensuing year—proposed Ty Stewart nnd. secon by it. AL J. Welch. represented 76,751
Text read from the printed page and cleaned; old type leaves the occasional error.