The standard production for the sixth restriction year has been fixed at 1,145,451 Ib, @ decrease on the previous assessment of approximately 46,000 1b. On the basis of per cent. production to the. end of October and full production from November to the end of the Company's financial year in March, it anticipated that the cost of pro: duction will be in the' neighbourhood of 26 cents per Ib, although in actual working it is quite possible this figure may be improved upon. At present prices, this leaves us a small margin of profit, but, of course, when all estates come into full tapping on November 1, it is only reasonable to assume that there will be a fall in price, but in "ase the satisfactory financial position of the Company will enable us to weather the storm for many years to com The Estates have been visited by our technical adviser who reports that they are in excellent condition, The Resolutions The following resolutions were then adopted That the report and accounts for the year ended March 31, 1928 as presented be accepted.
That the following recommendation as to the appropriation of the balance at credit of profit' and loss account as presented be accepted:—Pay iwidend of Five Tac!
Cents per share (5 per 65,000.00
Text read from the printed page and cleaned; old type leaves the occasional error.