The assessment of Standard Production for 1927-8 is only 178, 105 Tos. against 290,879 Ibe. but this will only' effect the position to the extent of 17,000 Ibs. as compared with last year even with 69 Der cent, restriction throughout the year as with the assistance of the tinued export rights which the Company possesses it will be possible to bring our export for. the financial year to 158,142 Ibs, "As-fuming therefore a production est change on a par with last goat an average nett price tf 308 ents per Th. will suffice to pay our working costs including planting about 12 acres of swamp land and Anything over that will be available for other nards. These are chiefly concerned with the building pf a new bungalow for the Manager and Another for the estate Clerk, which can no. longer be postponed, the Manager's bungalow was due for replacement two or three years and it is now uninhabitable." The cost of buildings, electric Tight and other fittings and furniture is estimated at 816,075.—Unless cath available from revenue a/e due to a recovery. of the market price for the raw material, it is obvious that we shall have t0 dip into our reserve to meet the bill.
The. following resolutions were then "put to the meeting and one That the report and accounts for the year ended December 31, 1927 presented be, and are hereby, ae: cepted and passed, and the *alance of Tis, 25,155.72 in. profit and loss Account be carried forward to the 1928" recount.
That Mr, G..H. Wright be, and hereby, re-cleded a director of the Company.
That Messrs, Mortimer Reld Slee be, and are hereby, re-elected auditors to the Company for the current financial year at a remuneration of Ts. 1
Text read from the printed page and cleaned; old type leaves the occasional error.