The second annual general meeting of the Padang Rubber Ca. Ld., was held on the 28th ult at the offices of the general managers of the company, 2 Kiukiang Road. The directors present were Mr. C. R. Burkill, (Chairman), Mr. G. H. Potts, and Mr. Chun Bing him, and the attend-fice represented 5,175 shares.
The notice convening the meeting having been read, the Chairman Gentlemen:—As the report and accounts have been in your possession for some time I will follow the usual course and take them as read.
As stated in the report four-fifths of the general charges and Shanghai and Penang expenses have been charged to our immature rubber, the other fifth, which represents the proportion of acreage in bearing, being charged to working account.
Including Tls. 15,009.33 brought forward from last year, the balance at credit of profit and loss account is Tis, 49,713.04, the profit earned this year being Tls. 34,703.71 made up of Tls. 28,191.96 estate working account and Tls. 6,511.75 interest earned on the balance of working <apital. The balance of Tls. 49,713.04 your directors recommend for appropriation as follows Dividend of Tls. 0.60 per share (6 per cent). Tls.30,000
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