arties 2 REPORT writ For the Twentieth "Aunval General Meeting, tv be held at the Offices of the Company. No, 22, Kiangse Road, on Monday, the 4th of December, 1905, at 4 p.m:
itting, thole report' for the suxsuin ending Sist July 1905, covering a period of ton months only iusiead of the usual period of twelve: -months,. the Directors Imve to explain, © that the shortening of the season, and the cuttailment. of ths, original area of the crop, were due to the fact that the esnes which should have been ready for cropping in August "and September, required. further two months' growth. To have cut them in their then unripe condition would have involved ® con in sugar, snd, to avoid burch sonson's accounts with the &xponses of two unproductive months, it was decided close the season on the Bist of July and to shut down the factories for their annual overhaul, " which' would. under. ordinary circumstances have taken place during the month of October.
Crop.—Guls Estate. Canes have be cut from an ares of 1,094.25 arlengs, the outstanding area. of 299.50. orlonge king, the total of 1,893.75 arlengs tioned in last report—having been carried forward to next.crop.. The: total output of sugar was Pols. 39,485.50, or an. average. of Pels. 36.08.per. arleng (1.6, tons per acre); the: proportion of No. 1, Sugar, was 98 por cent,..and.tho net. price.realised, for the whole output was $6.58 per picul.
Klompong. Estate.—The area...croppeil be cam r to Hext crop;.an area, of was 643,50. orlonxs, leaving 210. arlengs to. 24 orlongs—making up.the total of 87.60 arlengs mentioned in the last report—had to be abandoned. 'The. output of Basket Sugar was Pols.' 27,199.91, giving an igo of Pels, 42,27 per arleng, which 8 sold at an average net price of 89 per picul, Labour,-Both estates have had a full supply of labour during the season. To replace time-expired coolies, 605 now coolies have been imported, and, following the system adopted last year, a proportion of the cost of importation, commensurate with the unexpired portion of. their contents, has been carried forward as a charge on next season's accounts.
effect of shortness in the supply during the groaler part of the season 1903- 1904, "referred to in the last report, has been severely felt this season hathi in the area of the crop, and also in the fact that the cultivation suffered to some extent from the same cause; while revenue has thereby been adversely affected, working expenditure. hay in the season under review been' largely increased, owing to the Jarger number of cno'ies. employed, Rubber: Plantation.—Yapping com-meniced on 1,000 froos last May, and-on 1,000 more in June; these were tapped for.two months and. will be re-tapped in six months' time. The pects to tap 8,000 trees. during, the ing year, and estimates the yield at 3,000 Ibs., of rubber. four The ago of the trees being tapped is from four to five years, with the exception of 500 troeswhich are six years old.
small first shipment of 80 lbs. of rubber was sent to London at the end of July, and realised 6/33 por Ib. A second shipment of,258 lbs. -was.. sent... during August.
The total number of trees planted out to the 3ist of December, 1904 was 20,878, covering an aten of 142 acres; of-this.number, about 15,000 are.four years old or|, more... During the present year 6,183 trees, }covering.an area. of 60. acres, have been. planted out,-and there are. from 20,000 to 30,000 young plants in the nurseries...
The Directors have approved ofa ptoposal by the manager to extend the platitation by an area of 330 acres, containing 50,000 trees, on the. Klompong Estate, atid 175 acres containing 26,000 trees on the Gula Eststo..'The greater portion +vill, it is expected, be planted out during the. coming year." 7
Crop -1905-1906.—Gula- Estute-—The area under cane, isclading that brought forward from last season, is. 1,512.25 or-longs, of which 505 arlengs are leased. to cane contractors.
Klompong Estate—The area on this estate is 1,063.00 orlougs, 343 arlengs of which are planted by cane contract:
Accounts.—Apart {rom the labour qui tion, to which special reference has been made, Working Account has suffered from the fact that, the season having been shortened by two full working months, August and September, the.unproduetive. period at the commencement of every season, during; which the factories shut down. for their; aunpal, over! bears this year a.much larger' proportion thaw usual to the productive period. The balance of Ts. 9,636.00 has been transferred to Profit and Loss Accunt;' the latter, account, after deducting interest on debentures aid mauagéi's commission, shows a balance of Tis, 3,723.73 which the Directors recommend, be. carried forward to next account.
Directors.—Mec. J... MeMichael retires by rotation, as required by the Acticles of Association, but, being eligible,. offers himself for re-election, Auditor.—Mr. G. R.. Wingrove again lors himself for re-election.
Dhairman.
Text read from the printed page and cleaned; old type leaves the occasional error.