'The sixteenth annual general meeting of the Shanghai Pahang Rabber Estates, Ltd, was held at the registered office' of the company last Friday.
Mr. C. R. Burkill presided and was, supported by Mr. C. J. L, Stewart and Mr. A. K, Craddock, directors.
Mr. E. A. Prince acted as scerctary to the meeting. 'There were 23,700 shares represented, 'The Chairman said:—The report and accounts having been in your hands for some time, I will, with your permission, follow the' usual course and take' them as read.
The producing area of the estate remains at 757 aeres, the same a3 the previous year. Since the last report, 2 considerable amount of extension work was completed and during the year 151 acres were planted, bringing the non-producing area up to 224 acres, while a further 61 acres are now ready for rianting which, when completed, will give us a total planted area of 1,042 acres. Although we still have an area of 222 acres of reserve land available for planting, no further extensions are contemplated for the present.
There is nothing special for me to comment on with regard to the That the report and accounts for the year ended June 30, 1927, presented be accepted.
Proposed by Mr. C. R. Burkill, Seconded by Mr. C, J. L. Stewart.
That the following recommendation as to the appropriation of the balance at credit of profit and loss account as presented be accepted:
Pay Final Dividend of Fifteen Tael Cents per share (making 22 per Tis, cent. for the year) 30,000.00 Place to General Reserve \eeount ween eeeeeesss 10,000.00 off Buildings and re 298487 off Rubber Factory and Stores.....0.0-+ 9,695.83 Write off Plant and Mi chinery sesses 1700.00 Write of "Wells and Water Supply 350.86 Carry Forward 15,973.39
Tls. 64,504.64 Proposed by Mr. C. R. Burkill. Seconded by Me. A. K. Craddock.
That the appointment of Ar. C.
Burkill asa director of the Jcompany be confirmed:
Text read from the printed page and cleaned; old type leaves the occasional error.