The standard production for the third restrict hasbeen fixed at 825, and 221,960 ib. for Hendra Estate. The assessment for Dominion is an jerease of 30,000 Ib. on the original assessment and was only obtained after several appeals to the Central Committee, while that of Hendra also shows an improvement on last year's assessment. The Standard Production for the two Estates is therefore 547,700 Ib. As regards the exportable allowance, this, of Jcuurse, varies according to ' the average price of rubber, but I do not think I will be far wrong in forecasting that the average exportable allowance for the current year will be somewhere in the neighbourhood of G5 per cent. Two forward sales have been entered into, one for the delivery of four tons monthly January-December, 1925, at a price of 50 cents per Ib. and the other for two tons monthly for the same period at a price of 60} cents per Ib, f.0.b, Singapore, making six tons monthly, which is
output. shout 48 per cent. of the probable Chairman's Optimism the prospects current year I will confine warks to saying that the out-ook at the moment is very much brighter than it has been for many years and if present prices are maintained, and T see no reason, they should not, shareholders sonably expect a much of both estates turily throughout the to th Tower output lly higher than those of the previous year. The position ax regards Dominion shows: that this property is in w greatly proved condition and bark cor tions which caused £0 much anxiety in the pst are now—practically. normal while the position as rewards disease ix that the estate absolutely free from discase of any kind. No deliberate innings out was undertaken. during the year and no provision hi Leen made for this Kind of work the current year's estimates. Owing to the reduced weeding costs was found possible to cancel the Chinese weedinse contract for the young area and the whole estate now being weeded monthly by check-ral labour. Throughout the year the property was kept per~ Feetly elean und free from weeds and "weeding costs show consider ble reduction on previous years! figures and it is hoped to. reduce these conte still further during the Betwre concluding would like to capress the Board's appreciation to Mr. Skyom and Mr. Whyte on the management of their respective hropertics, ale to our visiting. agent, Major G, Nevill Stevens.
That i all Lhave to say, gentlemen but if any' shareholder has any'
ious to ask T shall be pleased to gusher to the best of my ability.
There were ro questions, and the fallowing resolutions were then That the report and accounts for the year ended December 31, 1921, presented, be man: seconded by Mr. TW. Sutterle.
That the fqilowing appropriation of the amount at credit of profit Ths. Fay a Dividend of Ts, 0.05 per share (making 10 per rent. for the year) Write off buildings and furniture Write off rubber facts and of a clean weeded state, the cost per ere per mon: working out cents ae against GR cents for the Write off plant wd mac inery Carry forward previous your,—Compared with Vominion tie cost is much higher, this being wwe to the exceptionally, heavy rainfall throughout the year cond wettest town Perak during 124.
Text read from the printed page and cleaned; old type leaves the occasional error.