As regards the third item, legal expenses, T must explain that one Into manager, Mr. Palmgren, went Home leave towards the end of April, 1928, and your board decided rot to re employ him and his vonngetion with the company was severed in August. Shortly' after this our agents in Rangoon thought that they had discovered evidence of the misappropriation of the company's funds and on Mr. Palmgren's return to Rangoon criminal charges two counts were brought against hum, The trial lasted for several weeks, but in the end.the Magistrate acquitted him on both counts and the company was left: to meet this heavy. item for legal expenses, 'The. only other' item in the accounts that T, need comment. on is They ought to it a traffic police-Whangpoo the capital expenditure which amounted to a total of Tls. 25,997.57 of which Tls. 23,798.76. were spen: on the up-keep of the immature area of 447 acres,
Text read from the printed page and cleaned; old type leaves the occasional error.