During the year the mimosa wa dug. in and buried over an of about 700 acres of the older property and @ permanent green cover of centrocema was established. Seods of this plant ate in great demand at the present time and extremely costly, but I am glad to say that by gathering and iting eds from the various green manures that ave already growing on the estate we have been able to earn sufficient profit to establish ow cover of controcema at no cost for 'No changes of any moment took place in the plant area during the year but a constant improve. ment of the plantations is being' cartied on, any malformed rubber or coffee trees being removed and if if there is sufficient room to permit it of a supply coming to maturity a specially selected seedling or bud: grafting is planted in the vacancy.
Abnormal let all gave a certain amount of trouble during the year, this disease prevalent being throughout Java, Every effort is being made by the manager and by the experts at the protestation: to discover some remedy before th next wintering season comes on. Very good results have been obtai in Southern India, where a simile disease prevails, by spraying th trees with Bordeau mixture anc experimental spraying has beet carried on for some time past on Kroewoek and other estates, It i is too early yet to say what the result willie but am convinced that we shall be as successful minating this disease as they hav been elsewhere.
The Financial Position Turning now to the accounts, thi profit disclosed by the working ae: count is guilders 540,767.85, compared with guikfers "9943293. last year. The large decrease profit is due to the fact that Although the output this year was 72,884 1b, greater than in 1925 average selling price was onl 1/88 per pound as against 2/7.4 last year, oF just over 108 pene: per pound less. The coffee roi Was also 162.79 piculs smaller an the profit f, 2.54 per picul less, We have agai set aside 14,886.07 for the amortization our leaschokts, which sum will be used for the development of new property, since to plant up new estate is the best way of insuring against any deterioration of th older one.
2 Capital, expenditure was negligible and-only amounted to a total of not paid for until after the close of ithe company's financial year so that Ino mention "of it appears in the The accounts of the Shanghai Jcompany are very simple and call Hfor no special comment since the bulk of its income consists of transiters from the Dutch company. {Interest on our surplus funds and [transfer fees, were together almost sufficient to cover the whole cost of running this office,
Text read from the printed page and cleaned; old type leaves the occasional error.