The annual meeting of the Alma Estates, Ld., was held in the offices Jof Messrs. J. A. Wattie & Ca., Ld., 10 Canton Road, on Tuesday afte noon. Mr. E. T, Byrne presided, and was supported by Messrs. N. Maitland, R. I, Fearon and Stewart (Directors). In all 14,905 shares were represented.
In his speech the Chairman said:—
Our financial year as you know: lends on September 30 and we therefore show results in our accounts for 12 months of very lean working, prices obtained for our rubber averaging very little over a shilling on top of this we have had to rebuild the manager's bungalow and install a new serap washer both of were absolutely necessary.
The amount standing at credit of profit and loss account is Ti 41,556.48, but as the surplus Liquid assets over liabilities as shown by the accounts is only Tls. 19,780.63, your Directors propose to the difference as recom. chinery 5 forward' Wo next 20,128.55
Tis, 1558.8 which I trust you will sanction.
It is unnecessary for me to state that with the advance in the price of rubber the prospects of the company are extremely good. In due course as soon as finance warrants
Text read from the printed page and cleaned; old type leaves the occasional error.