The sixth annual general meeting of the Shanghai Seremban Rubber Estates, Ld., was held on Thursday afternoon at the offices of the Secretaries (Messrs J. A. Wattie & Ca.), Dr. R. S. Ivy presiding. expressing the regret of the Board In the course of his speech, after
ai the loss it has sustained \through the death of the late Mr J. L Osborne, the Chairman said Every effort is being made to reduce expenditure to the lowest minimum, and only the most essential work necessary for the upkeep of the estate is taken in hand. An appreciable reduction in general costs has taken place recently and your -directors look forward to still further reductions.
Turning to the accounts you will note the result of the Year's working shows a loss of Tls. 757.56, which amount deducted from the sum carried forward last year, leaves a balance at credit of profit and loss account of Tls. 7,239.13. This latter amount includes a profit in exchange of Tls. 3,087.62, which arises through adjusting the balances in the Straits to the rate ruling at the end of the year.
Your Directors recommend that the balance Ts. 7,239.13 shall be dealt with as follows Tis.
To write off Plant and Machinery 236.37 write off Buildings 2,471.12, write off Furniture 288.04 write off Motor Car 150.00 write off Wells and Water Supply 126.38 write off Live Stock and carts 153.96 carty forward ta next year's account 3,543.26
Tls. 7,239.13
The amount carried forward is fully covered by liquid assets.
Text read from the printed page and cleaned; old type leaves the occasional error.