The annual general meeting of te New Amherst Rubber Estate, Lal was held at 10 Canton Road Friday lust week, Mr. C. J. 1 Stew:
presided, supported by Mr. M. Swa rector) and Mr. S. Royston (represen Messrs. J. 'A. Wattie & Ca., secretaries and general managers). There were represented 39,950 shares, Phe Chairman said:
Gentlemen, In the absence of the chairman, Mr. Grayrigge, who, T re-ret to say, is seriously ill at the moment, T have been asked to preside at this meeting i stead, 'The report and accounts having vuccn in your hands for the preseribed period, Twill, with your permis sion, follow the usual procedure and' take them as read. Our crop for the fiscal year reached 109,263 Wh, exceeding the estimate by 18,512 whilst the area in tapping' in creased from 436 acres to 722 acre Kor the current year the estimated eutpat of dry rubber is 210,000 Ib.
The average net price realized for the 99,817 1b. of rubber sold during the year was 9.594. per pound. We have now installed new machinery, built a smoke house and appurtenees for manufacture and shortly, T hope, be turning out first-class grade " of rubber which impossible under the Former conditions. The estate is now wall equipped for manufacture though perhaps some of the max nes are not of the very best.
We yields since we recommenced ping: after the ral are gratify! int, averaseing almost' 25,000 Ib, mwsithly from October to January.
Estate ood Condition During the whole year efforts were made to keep expenditure down the minimum compatible wi micieney, with the result that there was a saving of over Rs, 12,000 on estimated exp santon we harvested 18512 than we expected to ort will be put forth during the current your to make the company self-supporting ax well a to pay the debenture interest and head ote expenses. Your direes tors are strongly averse to inerensme the debenture issue, which at is.
7 5U iv alrendy a heavy enough charge and at 9 per cent. in-will cost the company Ts, annually, if it can possibly. he avoided, The estate ix reported to be in sul condition both by" the man iors Mr. Palmgren, and the visite fie agent, Mr. Fenouthet. To these gentlemen and to our Rangoon tuconts, Messrs. Stuart Smith Allan, thanks ave due for the keen personal interest they take in the estate, Ie is the} intention of a. repre tative of the secret al ma
Text read from the printed page and cleaned; old type leaves the occasional error.