At the 18th annual general meeting of shareholders in the Sungei Duri Rubber Estates, Ltd., held on Tuesday at the office of the Estates, 2 Canton Road, the Chairman. Mr. Hugo Reiss, said:—
'The report and accouris having' been. in your hands for some time 1 will with your permission, follow the usual course and take them aa ren The profit for the year amounted to Tis, 28,284.08 a3 against Tls. 122,- '781.36 for the previous year but this was more or less expected in view of Ihe low price of rubber during the period under review and the conse fuent redietion inthe exportable Allowance which ruled at. the At the 8th annual generg! meet ing of shareholders in the Kota Bahroe Estates (1921) Ltd., held fon Tuesday, at the office of. the Estates, 2 Canton Road, the Chairman, Mr. A. W. Burkill said:
The report and accounts having in your hands for some time, I will, with your permission, adopt the usual procedure and take them as read.
Since the Inst report, the producing area has been increased by 105 acres and the non-producing area by 45 acres, bringing the total planted area of the estate up to 1,824 acres. The non-producing area now stands at 501 acres and this area is reported to be in exceliniptum of 60 per cent. throughout the year against 80 per cent, the previous yen. "As a result of the output being 77404 Ib, lower, our cost of production shows an foreuse of 1.084, per Ib. over the reviots year, but the cannot be considered unset factory, When redtrietion is lifted cit will be at the end of October, Slama estate will be uble to produ iba very nich better cost than average of most estates. The outlook for rubber is none' too bright!
the moment, and it is to be hoped that the depression will not be prolonged. The company, however, Is ina very sound financial position, and even if the present unremunera.
rice of rubber continues, no apprehension need be felt for some During the year approximately 200 acres were planted up and the total aren under cultivation now stands at 1,301 nores. As you will note from the report, the survey of the estate disclosed a shortage of 115 acres the producing and 71 acres in the non-producing area as compared with. the areng given in previous years. In commenting on the shortage, our technica! adviser reports that it is obvious that the loss of 186 acres in the planted nereage is due to inclusion of swamp aryas previously reckoned og planted. These swamp arena were felled and burnt but not planted up and it would seem that. the old felling acrenges have been. used as the planted acroa tate matters have progressed satisfactorily throughout the year and the new extensions are reported to be in excellent condition, and Inbour ample for present requirements.
'The estate was visited by our] technical adviser whose reports have deen uniformly satisfactory and would like to take thi opportunity' of recording the Board's appreciation of the good work done by our ing. manager, Me. Wilson, visit agent and Straits agents, The manager, Mr. Adair, who was order. ed home on sick leave, returned to the estate greatly improved in health and resumed management at the end of June.
Before putting the resolutions to the meeting, I shall be pleased to answer to the best of my ability any questions shareholders may wish to Resolutions thee hing ron, lif conded by
ato the appropriation.
the following recom credit of Profit and Loss. account presented be accept
Text read from the printed page and cleaned; old type leaves the occasional error.