Chairman's Hopeful View of the Coming Year "The 15th annual general meeting' jof she Java Consolidated Rubber and Coffee Estates, Lid, was fueld on Tuesday at the" offices of the secretaries and general managers (Messrs I. A. Wattie and Ca,, Ltd.), 10 Canton Road, Mr. A. J. "Welch presiding. The chairman supported by Messrs. A. P.
fazer and R. N. Swann (directors) and Mr. C.J. L. Stewart (secret ary). There was an attendance re. resenting 18,826 shares, his speech, the Chairman said:—
The report and recounts having been in your hands for the pre seribed period, I will, with your permission, follow the usual procedure and take them og read.
The report covers the working for! the past year fairly: fully and leaves very little for me to say.
The output of rubber was 84,711 Jb, greater than for 1928 and the average price of production shows small decrease as compared with the previous year. The sale price fon the other hand was 19 pene per Ib. less than was realized in 1923, so I think that under the circumstances the result of the year's working may be considered very satis factory.
The standard production for chose! two" estates combined has beh fixed at 797,300 Ib, of which the exportable percentage varies accord ing to the average price of Rubber ruling during each quarter, the pre sent exportable allowance bein you are no doubt aware, 55 pet cent.
Text read from the printed page and cleaned; old type leaves the occasional error.