Working of the Company for the Past Year: Rubber Prospects in 1925
Mr, A, J. Welch presided at the annual meeting of the shareholders the Anglo-Java Estates Ld. eld in the offices. of Messrs. J. Wattie & Ca, on Monday. He was supported by Mr. W. Wakeford Cox and Mr, W, R. McBain, directors Mr. C, 7. Lo Stewart, secretary, and shareholders representing 69,051 shares, After the notice calling the meeting ant the auditors" report tind been read, the Chairman said:—'Gentlemen, 'The report and. accounts having been in. your hands forthe prescribed. period, I. will, Wwith" your permission, follow "the nual procedure and' take them as read, The report ts compiled inthe customary form and gives. Youn foley" comprehensive survey. of the Company's operations "daring the You will have noticed that on Limburg' Estate the area under Fubber has again been increased by eres and the-area under hemp Fedueed by 145 netesand.sonte of Sou'may have wondered why, when hemp i realising such. good prices, it'sHould have Been rooted up and Slopplanted by rubber. Apart from the explanations. that T eve. You from this chair last year, the Featons that have netuated "your tiectorsin continuing the. policy then, laid down of gradually" sub stating rubber for Hemp, are that "though hemp now fetches "high price there is no. guarantee that {his price wil be Tong continued il over a period of years sisalana inemp has not proved a paying crop except to thave "people who can frowitover avery mush larger fron than we have. available. Its mmamofaeture entails a great deal of (wear and. tear-on. machinery and Yeomirn are costly; requires "an chormous amount' of "power to five the "Mevy machines and expansive plant for transportation, Aisin and! baling, and furthermore hemp is culture that. requires, to replanted every. three or four event x0 that the area with hoven would not 1025. harvest even planted with hemp instead of with
Text read from the printed page and cleaned; old type leaves the occasional error.