Estate Showing Profit of Over Five Lakhs 'The annual genera meeting of of the shareholders the Maatsschappij tot Mijn-Bosch en Land-bouw exploitatie in Langkat was Kel last Friday morning at the offices of Messrs. George McBain, Mr. R, 8. F. MeBain pr'
'After reading the notice the meeting and the Auditors' Report, the Chairman said:
Twill, with your permission, tak" the report and accounts as read. They are made up in the usual way, and there is really not much to be said with regard to them. In the general balance sheet under the heading of liabilities you will notice an appropriation of Tls. 14,901.65 from reserve against sundry assets. This amount represents the loss incurred on realization of part of the stores lying in Sumatra, and it was to provide for such losses that this reserve was formed.
Under Assets the value of our: rubber plantations stands 1,139,605.53, as against Tls. 1,040, 6,08 last year. This is chiefly' owing to rubber in stock and in transit at the end of the financial year valued at Tls. 196,345.15, as against Ts. 0,085.52 on October 13, 1924, Timber assets increased from Tls. 203,590.01 to Tls. 305,286.19. This increase is accounted for by purchases of land and machinery for our timber yard in Shanghai, and also inereaved stock of timber.
Text read from the printed page and cleaned; old type leaves the occasional error.