Annual Meeting: Prospects of an Interim Dividend The annual meeting of the Shanghai Seremban Rubber Estates, 1, was held on Monday. Dr. R. 8. 4vy) presided, and was supported by Messrs. A, K. Craddock, M. Spel man and C, J. L. Stewart, directo and Mr. W. 8. Royston, representing Messrs. J. A. Wattie & Ca,, seereaddressing the the meeting chairman said Gentlemen, The report and se-count have been in your hands for fern time and. with, Your permis sions I'prepose to take them as Fea The front for the year was Tls. 310000 as compared with "Profit for 1929 of Ths 1130184. The decrease ie attributable to the fact that the 1024 outbuy of rubber wa Bist. ami than that forthe receding year, and furthermore verage™price realized for sales of rubber was fower by three farthings ferlby Taking all these factors into Fenalderation, the result of the year's working iv not, T think, 20 what the early part of 1924 there was a realnessment of the sandavd pro: fvetion for all eataten, as result which our allowance was de 101,400, but forthe current Tertrietion year it has been fixed at 218,300 iby of which for the present ftuneiar 65 er cent. is allowed.
exported {All Round Heonomies If you compare the working ace count with that for 192%, you. will seo that all round es have een effected. For instance, there were savings of Th. superintendence, Tle, AX on genera charges, Th) ZA on hospital and THs, L278 on jons sand Ths. on Shanghai expenses. This latter saving was brought about by the {wet that your directors und secre. taries agreed to accept a reduction in their fees for the past year. The ents in the Straits alto consented toa reduction of their remuneration from June to. December with a view to assisting the company' as much ae possible.
With the improved price obtai able for our product, the prospects for' this company are much more promising and your directors hope that in the not too distant future they will be in a position to consider the payment of an interim dividend.
IE you approve of the approprintions recommended by your directors, the undivided profits that are carried forward will be fully covered by the surplus of liquid assets In October, 1924, a forward wus made of 12 tons of rubber for Gelivery in equal Tots monthly Throughout 1024 at 55 cents per Ib. ex godown Singapore; this quantity represents approximately 18 per cent, of the probable output for the year, Estate in Good Condition Turning to planting matters, I pleased to say that the estate is re-orted to be in first ela the trees are healthy and carrying vod foliage, and we are well equipped to cope with any abnormal e¢ ins that may: arise when restrietion is finally removed. The standard of tapping is a high one throughout, the system in vogue Leing the half spiral_on alternate days and at the end of the year only. some 349 acres out of the total 638 eres under yuhher were being tapwd. The area in tapphig comprises the young area and only the best ding tasks amongst the old rab-Bark reserves, which are already adequate, ave thus being further added to, The estate ix remarkably free from™ disease. Pests in the shape of wild elephants occasionally. give trouble, however, and quite recently herd visited the astite and seriously damaged some 20 trees, A petition has been sent to the Government to permit this herd to bs destroyed as all the estates in the neighbourhood suffer at one time or another from the depredations of these animals, In conclusion, gentlemen, 1 would Vike to say a few words of praise trid thanks to our manager, Mr.
Text read from the printed page and cleaned; old type leaves the occasional error.