An opportunity occurred during fast March and April to acquire an adjoining: property of 214 acres at 2 reasonable price, Negotiations were going on when the announces ment that yestviction of export of rubber would cease on October 31, which, as you are aware, caused thorp' decline and naturally your Givectors dropped the proposal for ne being.
estate i in. very good order and we have received an excellent report from the visiting Agent, During the year under review considerable alterations, have been made to the factory, which is now fully capable of coping with the inereared production due to the Lifting 6€ restriction, Generally speaking health condi" tions were good "althousth the manager suffered from malaria, twice daring the year.
1 regret to say Mr. Wise, our Manager, has decided to retire, He has been many years with the cor pany and the estate owes a great dear a1 to his efficient administration.
The Resolutions The following revolutions were then prevented and unanimously approved, Phot. report and accounts for the "N. Byrne and comided by Mes A, cly Welch, That Byrne be ves next amend ave tat 225,000,000 proceed of partly to retire feist bonds Phe stockholders will obtain the new bounds ratio of one SUH for ouch six stock hele—
Text read from the printed page and cleaned; old type leaves the occasional error.