The annual meeting of the Anglo-Java Rubber Estates, Ltd, was held on Wednesday in the offices of the secretaries and general managers, Messrs, J. A. Wattle, the meeting being presided over by Mr. A. J. Welch, who was supported " by Messrs. W. W. Cox, W. R. McBain directors), and Mr. 'C.J.L, Stewart, secretary, and shareholders repre: venting 87,260 shares.
After the notice convening the meeting, snd the auditors' report wag read, the Chairman said, Gentlemen,—The report and a counts having been in your hands for the prescribed period, 1 propose, with your permission, to follow the usual procedure and'to take them read.
The working accounts of the two Dutch companies show a combined profit of Guilders 924,615.47 us compared with a total profit Inst year of Guilders.1,879,495.26, or in other words, the profit was some 32 er cent smaller.
York in which he pointed out that the average cost of a planted-acre of rubber, including interest on the capital expended in bringing the area to maturity, was very nearly £100 per acre, and assuming that the output from this acre was 400 Ib. and the cost of produeion was 9 pence per pound, it would require a profit of 9 pence per Pound to pay 15 per cent. on the cal cost of the acre of rubber.
As regards the probable course of the price of raw rubber in the near fature, I will not attempt to pro-Phesy at this juncture since the Fecent announcement made by the British Government that a commis-ion would be appointed to look into the whole question of restriction has created such a feeling of nervousness and uncertainty in. the raw rubber market that the plain fact that the statistical position is improving steadily week by week has become obscured and prices are temporarily entirely at the merey of operators.
The Loaded Dice The rubber producing industry one of the least organised industries The chief reasons for this do-¢rease were that the average price realized for our rubber was just) over 4 pence per pound lower than it was last year, end in addition the output of rubber, owing, to. the greater degree of restriction that Prevailed, was 108,250 Ib, smaller, the saving of a third of a penny per pound in the cost of production only reduced the difference in profit to & small extent,
Text read from the printed page and cleaned; old type leaves the occasional error.