Capital expenditure was negligible except for the guilders 4,872.62 spent on the Tjaroei extension. Of] this sum guilders 2,230.59 represents rent and assessment so. that That is all I have to say, gentl jo-ithe actual sum spent on preparing men, but before formally proposing and planting was only guilders the adoption of the report and 2,042.03. You will recall that at] counts, I shall be pleased to answer the time that this land was pur-to the best of my ability any ques-chased in 1928, Mr. Grayrigge, who] i tions you may wish to ask. was then chaitman,, stated that was not the intention of the board 'The Resolutions to develop this land until such time There were no questions and the it was found possible to issue following resolutions were unani fame of the 50,000 shares in the, Jcompany that are at present un-That the directors' report and issued and thus to provide funds statement of accounts for the year with which to do so, and it may ended December 31, 1924, as pre-have come as a surprise to you to sented, and the disposal' of the corn from the report that 175] acres were expected to be planted Dalance ut credit of profit and loss account, as recommended, be adopt [by the end of last month. The explanation is that another estate, ed and passed—Proposed by the next door to Tjaroel, which is also chairman: seconded by Mr. A. K. under the administration of the That Mr. C. J. L, Stewart be reelected a director of the company Proposed by Mr. Wu_Chi-ming; seconded by Mr. A. K. Craddock.
That Mesars, Thomson & Ca., be recle: ted auditors to the company for the ensuing Mr. A. J. Welch; xcconde by JJava agents, is at present engaged opening up its property, and the Gpportunity occuring to secure squatters to plant up a small area of our property and the expert supervision of the manager of the her property being the Wu Chi-ming.
Text read from the printed page and cleaned; old type leaves the occasional error.