Owing to the absence through illness of Mr. Cecil Holliday, the Chairman, Dr, Chadwick R. Kew presided last Friday at the seventh annual meeting of the Sungala Rubber Estate, Ld. held at the head offices of the company. The directors present were Mr. A. H. Mancell and Mr. Chang Nieh-yun, and the attendance represented 27,385 shares.
The Chairman; after expressing a hope that Mr. Holliday would soon recover from his indisposition, said:—Gentlement,—You will find all that we have to say about the working of the estate in the printed report, and the few words I have to add now are intended to bring the history as far ae possible up to date.
Outputs have continued very good, namely, April—15,948 Ib., Moy—16,408 lb. and June—15,01)
Prices have been exceedingly irregular; at one time, it looked as though they were going to advance to quite a decent figure, but they have since receded.
Cost of production has been kept very low. That for April was §S. $0.1859 per lb., laid down Singapore with all estate charges against it, and that for May was S. 0.1754.
I think that is all there is of interest to add to the. printed report, but if any shareholder has a question to ask, I shall be glad to reply to it to the best of my ability.
There were no questions, and the formal resolutions were adopted.
Text read from the printed page and cleaned; old type leaves the occasional error.