'The annual general meeting of the Repah Rubber & Tapicea Estate, Ld., was held last Friday afternoon in "the offices of the company's! agents, Messrs. J. A. Wattie & Ca.,' Ta. In the absence of Mr. B. A.! Clarke, Mr. A. J. Welch took' the chair and was supported by Messrs. &'N, Swann, and C. H. Rutherford, directors and Mr, C, F. Shaskleton,' Secretary. There" were 162,100 Shares represented.
the course of is address the Chairman said 'The net profit for the year amounts to Tls. 208,295.15, which, T''think, may be considered very satisfactory, seeing that the avera price realized for our product. nearly a shilling per Ib. lower this' year than it was last and the cost of production was practically one! penny per pound higher. The factors that contributed to. this re-ult were an increase of 171,236 Ib. inv the output of rubber, "and a difference of nine points' in our favour in the average Fate of ¢x-Cinnge that' prevailed throughout the year.
Tarning now to estate matters, our standard production for the 6th year of restriction has been assessed at 592,082 Ib,, a gratifying increase of 33,217 Ib, over the assessment for. the previous year.
Mixed labour was readily available in sufficient quantities for both ceatates throughout the year, but it was difficult at times to get sufficient Tamils and I am glad to be able to report that, in spite of the sickness that prevailed all over: the peninsula during the year, the health of the two labour forces remained satisfactory.
Text read from the printed page and cleaned; old type leaves the occasional error.