'Mr. S.M.S. Gubbay said he wel-Jcomed the opportunity given him by the resolution to discuss the matter of the secretaries' remuneration. 'The company had had an unfortunate career, by which he meant a non-dividend earning jeareer, the shareholders having rejesived' one dividend of Tls. 2 in 1008. Now that things were more Jprosperous the secretaries turned round and said their remuneration was not "sufficient, The extra Jamount asked for was not great, but it was the principle of the thing the: attacked. Supposing a private jeoneern made 2 return to. the partners once in 15 years, was Vkely they would entertain—proposals for increasing the salaries the staff? The meeting had also to consider what effect this example lof the representatives of the preier planation would have on other: planation companies. Shareholders jin many rubber" concerns had had a dividend for many years, wut the secretaries received payment for their services, as if business were normal. If this resolution were passed, now that the tide had turned for rubber it was quite possible the secretaries of other com ight ask for increased muneration, following this example. In conclusion, Mr. Gubbay said his remarks were not made in a hostile but ina spirit of friendly. criticism, and he would apologise if any feelings were hurt.
Text read from the printed page and cleaned; old type leaves the occasional error.