As regards the prospects for the coming year, the condition of the rubber producing industry is much more healthy than it has been for several years past and at the present price for the raw material, considerably enhanced profits should be earned, Your directors have contracted to deliver during 1925 a total quantity of 314 tons of rubber at an average price of 18. 5.9264. per Ib. ex adown Sourabaya; this quantity is equal to a little over 18 per cent. of the probable output for the year, In conclusion, gentlemen, T would ike to express on behalf of the hoard our appreciation of the excellent work done by the two man= agers and their staffs, the visiting agent and the agents in Java to Whose efforts during the past and preceding yours is due the very "satisfactory position in which we find ourselves to-day, 'That is all I have to say, gentlement, but before formally' proposing the adoption of the report and accounts, if any of you have any questions you would like to ask, I shall be pleased to answer to the Lest of my ability, There were no questions and the following resolutions were carried That the directors" report and statements of accounts for the year ended December 31, 1924, as presented be adopted and. pissed, Proposed by Mr. A: J. Welch, and seconded by Mr. R. N. Swann, That a final dividend of 75 can-Gareens per share, making TIs. 1.25 per share for the year, be paid. Proposed by Mr. A. J.' Welch, and seconded by Mr. A. B. Nazer.
That the appointments of Messrs. A. P. Nazar and R. N. Swann as directors of the company be confirmed—Proposed by Mr. A. K, Craddock, and seconded by Mr. W, A. Ogden.
That Mr. E. S. Kadoorie be re-elected a director of the company.—Proposed by Mr. W. A. Ogden, and seconded by Mr. A. K. Craddock.
Text read from the printed page and cleaned; old type leaves the occasional error.