Standard Production for the sixth year of restriction has been as-essed at 347,680 Ib., n reduction of 132,320 Ib. from that of. the previous year. The manager has Ubeen authorized to appeal against this assessment, and it is hoped that he will be successful in obtain-og' a more satisfactory allowance.
With these few remarks on estate matters, I will now tum to the accounts.
'The profit for the year was Tls. 101,088.54, which is a little less: than half' of what was earned the Previous year. The output of rubber for the year under review was 95,200 1b. less than that for the year before, whilst the average net price obtained was slightly over: lid. per Ib, less. The percentage of standard production allowed to be exported was as follows:—October 100 per cent., November/ January 80 per cent.. Februaty/ April 70 per cent., May/September G0 per cent, an average of 70.55 per cent. against 94.15 per cent. for the previous year.
After payment of the interim dividend there remains a dispose able balance at credit of profit and loss account of Tls. 93,158.89, which your directors recommend be dealt With as stated in the report. I shall later on propose a resolution to this effect.
Text read from the printed page and cleaned; old type leaves the occasional error.