The Sixteenth Annual General] Meeting of the shareholders of the Suu Manggis Rubber Ca., Ld., was held last Friday morning at the head ofice of the company, 35 Peking Road. Mr. Leslie J, Cubitt presid-anil there were present Messrs, A. K, Craddock and J. J. Dawe, Uirectors, and Mr. D, BIN. Butt, representing the secretaries, Messrs. heott, Harding & Ca., The represented 12,645; shares. The ing read] the notice cum meeting, and the auditors' report,—the of satisfaction that I am here to day to submit for your acceptance} start the current year.
'During the last few months the price of raw rubber has suffered a steady and continuous dee lire from the panic prices ruling in November and early part of December, but, as will be seen from the results of Inst year, this company'
common most others can) show a very satisfactory return with rubber at an average of $1 per Ib, or even less. We have for ward contracts at an average price of $1.03 for 52 per cent. of our] anticipated export and there are! good grounds for thinking that the price of the remainder will approximate, if it does not exceed, this average. The estimated total expenditure is the same as for 1925 while, with an increase of 28,880 1b. in output the cost per Ib. should be 59 cents unless a fur-takes place. far available Inbour has been! adequate for our needs and ar rangements have been made for recruiting additional coolies. We have no extraordinary expenditure to provide for and I look forward toa continuance of good results.
The thanks of the shareholders are due to the manager, Mr. Adair, for his efficient care of their fests and to Messrs.
Barker & Ca., Ld., for their attention to agency matters.
The Resolution There being no questions, the following resolutions were proposed. seconded and carried unanimously wat the report and accounts for! the year ended December 31, 1925, presented be, and are horeb; accepted und paseed.—Proposed by} Mr. T. J. Cubitt and seconded by Mr. A. K. Craddock.
That a final dividend at the rate the report and aceounty for the! of $ per cent. (40 candareens per! year ended December 31, 1925, share) making 25 per cent. for the!
propose to take ax read.! year on the paid up capital of the ww the most satisfactory} hereby, declared] the] for the y 31, for for thenew year|to shareholders company, more- 1925, bayal on the register al 19, 1926,
every that date—Propesed by Mr. 1.. J. Fromise of a continuance of this Cubitt and seconded by Mr. J. J. welcome prosperity after many lean] Dawes, The published report contains all the essential factors which have! combined to bring about the results shown: these we chiefly an increase] Jie rubber exported of 26,121 Ib. any the average nett price realized of ts per Ili. At the same time, ig to the stock brought forward! an output of 63595 Ib. Tess than in 1924 enabled us ake up our authorized export, {lis effecting a saving in bark.
Daring the y aut-pitting programme over th whole estate was completed and is showing excellent results,—the remaining timber and jungle stumps were removed and thinning That the sum of Tls. 5,000 be] placed to general reserve, and Tls. 5580.40 be caryled forward—Proposed by Mr. L. J. Cubitt and ded by Mr. A. K. Craddock.
That Mr. A. K. Craddock be, and hereby, re-elected a director of the compans.—Propased by Mr. J. Cubitt and seconded by Mr.
Canning.
That Messrs. Mortimer Reid are hereby, re-elected the company for the muneration of by Mr. L. E. Canning and seconded by Societe des Missions Etrangeres per Mr. Felix Mosi
Text read from the printed page and cleaned; old type leaves the occasional error.