The remaining 79 acres planted with hoven during 1924 represent land on Bavek Division that was previously planted with foodstuffs, Both these areas have been planted budded stumps and. selected lings alternately and the great-are has been exercised in selecting the material used, Last r's planting of 164 acres is reported to have developed most satisfactorily.
The oldest area of budded rubber that we have is the 19 odd acres planted early in 1920 on Lim-Durg Estate which should become tappuble towards the end of 1925. The trees on this aren are report have developed in an extra culinary manner and it will be extremely interesting to see when ther the yield of rubber per acre: will come up to expectations or not:
The dredger has again worked utisfactorily. throughout the ye anal the gardens in which the lake rive was first spread have improved ut of all recognition and now form Some of the best yielding blocks on the estate. Thus the: dredger indiveetly contributing its quota to} the prosperity of the estate.
Tapping has been maintained at its usual high standard and bark consumption is well within its pres-caribed limits, whilst the renewal of the bark la quite satisfactory. Pests and diseases gave practically no trouble during the year.
'As. regards Djarangan Est the backward areas have steadily improved during the year in respon se to the careful nursing they are receiving. The trees on Loengoer Redjo Division are reported to be potting on girth fast and to be generally' in good heart. This area of "636 acres still remains untapped: al though it is ready for the knife as soon as an increased output of rubber is called' for.
Diseases and pests give very little! [trouble except for a certain amount Jof stripes canker which, however, readily yielded to treatment. In the middle of September, when tapping restarted after the rest of 14 months, the tapping system was changed [from alternate daily to A.B. over lone-third of the circumference of the tree with a two monthly alternation. This system gives a nine years' cycle for bark renewal and has shown [satisfactory results as regards yield Jand immunity from diseases. Bark consumption on this estate is rather fon the high side being some nine riches per annum, but this is being reduced steadily' under the new tapping system. Bark renewal on the other hand is quite satisfactory.
Thinning out is being done on both Jestates strictly in accordance with [the results shown by the yields from individual trees.
If you will turn now to the Jaccounts, you will see from the [working accounts of the two Dutch companies the year's working result-Jed in a profit of Guilders 627,184.71 to which Listburig contributed Guild-Jers 504,101.15 and Djarangan [Guilders 123,083.56.
After certain reserves and transfers have been made, the net profits for the year amount to Guilders }433,440.03 which, considering that the average net price realized for rubber sold during the year, was 1,68 pence less than was obtained Jduring 1923, may, I think, be consi-Jdered very satisfactory. Practically [the whole of these profits have been transferred to the Shanghai company in the shape of dividends paid by the two Dutch companies.
Text read from the printed page and cleaned; old type leaves the occasional error.