The sixteenth annual general meeting of shareholders in the Chemor United Rubber Ca., Ltd was held yesterday in the "otices, At" 10° Canton Road, of Messrs 3. A. Waltic & Ca, Ltd, the eerotaries and managers, Mr. Clark. (Chalyman) presided, sup ported by Messrs. F. W. Sutter, A.W, Burkill, 1H. Kadoorie, and Shackleton directors), Mr.
Lo. Stewart (representing the fecerctaries), and other sharehold fers, there being a holding of 60,25 shaves represented, The Chairman During the year, an area of approximately 51 acres of land Batu Dun Estate wns sokd to the Government for road making whilst a small native holding of 4 eres was purchased. The area is thus reduced by about 12 acres ihiist the capital cost is decrease by Tle, 1,998:05.
Pests and diseases were given the necessary attention during the year and only 456 trees were removed on Chemor Estate and 690 trees on Batu Dua Estate. These fixures also include trees thinned out on account of distance. There was Ample tabour available throughout the year, and health, apart from a alight epidemic of influenza Ghemor. Estate in November, was satisfactory.
Standard production for the sixth year of restriction has been re-Zesessed at 470,496 Th. a decrease of 97834 Th, compared with the previous figure. Contour drains rare dug on both properties where necessary and the work of tablishing a green cover was continued. The visiting agent reports that the properties are in first-class condition, well off in the matter of Sark and economically and eMficientmanaged.
The Resolutions No questions being asked, the Chairman proposed and Mr. A. W. Burkill eeconded:—"That the directors' report and statement of accounts for the year ended December 31, 1927, as presented, be adopted and passed and that a final dividend of 8 candareens per share be paid, making a total fof 20 candareens per share for the yea Mr. A. J, Welch said that, in view of the great uncertainty of the fature trend of the rubber market, it was advisable that they: should conserve all their resources ax much as possible. Ile therefore Proposed as an amendment:
"That the statement of accounts, presented, be approved and adopted, and' that the directors' report be also approved and adopted, subject to the reduction of the rate of the final dividend from 8 candareens per share to 3 cand reens per share, such reduced dividend to be paid as quickly as possible to shareholders on record fon April 13, 1928.
This was seconded by Mr. C. J. Stewart and carried unanimously.
The following resolutions also wore carried unanimous!
"Phot the directors be authorized to donate the sum of Tls. 250 towards the supply of comforts for the foreign troops now in Shang-hal.
"That the appointment of Mr. H. Kadvorie as a director of the cent pany be confirmed."
"That Messrs. A. W. Burkill and M1, Kavdoorie be re-elected directors of the company."
that Messrs. Lowe, Bingham 'Tar Kiangsu Opium Suppression Bureau' hospital for opium addicts will formally be opened on the 15th stant.
The Year's Profit As you will ce from the accounts, the nett profit for the year was 80,101.32, as compared "with is, 190,704.31 in 1926. The rea-eons for the much lower profit wer®, firstly, the average selling price was 15. 546, per Ib, against 1s. 984, Pexixe, Apr. 12:—The Chinese papers report that the Chinese community in Siam has petitioned the Peking Government to conclude a commercial treaty with the Government of Siam, establish a Chinese Tegation at Bangkok and appoint Chinese consuls to Siam.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.