On the other hand, naturally there have been contracts for which our tenders have not been accepted, but provided we obtain a reasonable proportion of the tenders submitted we consider the result satisfactory. There is, however, one point to which I wish to draw special attention and with which Tam sure the bulk of our competitors will concur, viz: that the practice that sometimes occurs of permitting: a contractor to design an installation and subsequently {o tender in common with others is not reasonable. We consider that all designs should be prepared by the architect or by @ consulting engineer so that all tenderers, may be on an equal basis.
We have made a considerable reduction in our overhead expenses and hope to effect futher economies future. ile on the subject of the year's working, I may mention that Mr.
R. Cooper, our engineer who was on home leave last year, found it impossible to return to' Shanghai and we released him from his agreement, Mr. T. J. Goodman has been appointed engineer in his place but in addition we have deemed it desirable to appoint a manager to take charge of the whole of our activities and we have selected Mr. A Jennings for this post. We propose to extend cur business by obtaining agencies for various building materials and Mr. Jennings will devote special attention to this, We have been advised by Messrs. AR. Eurkill & Sons, secretaries and general managers of the Dominion Rubber Ca. Ltd, that the, profit for the year ended December amounted to Tls. 16,080.98 Added to the sum of 9 brought forward from previous year makes a total of Tis.
145.67 at credit of Profit and account, a_mecting of directors held fon March 15, it was decided to ree commend the following appropriate tien at the forthcoming. annual general meeting of shareholders be held at noon on Friday, April Fey dividend of tem teel cuts per share (10 Der for fie peas)" aang Waite uff Luildings Write "ort plant and mas hinery 368.16 Waite Gt walls and water upp 99.28 ish Forces Centres Fund 250.00 Carey ferserd 1
Sua Manggis Rubber Ca, We are informed by Messrs, Scott Marding & Ca., Lud, secretaries, that the following isa summary of the Profit and Loss account as shown the annual accounts of the "Sua Manggie Rubber Cou, Ltdly for the Balance vevaght forward from, 3927 ne, Note "Profit for the year wee 1081.15
The Accounts From the profit and loss account will soe that interest amounts to 9119.62 as against Ths. 3,972.49 vious year, We had on Deeeinber 31, 1928, Tls. 150,000 on loan at call; this has since been increased to Tis, 200,000 and is earning a satis factory rate of interest which isa inject to sucht, the dineetors will Shareholders at. the ral meeting to be held on April "that this amount be si located as May a Divide carry of 0 po one Jude rte, 1000.00 usefu} addition to our trading profit, The balance sheet calls for little comment. You will see that, stock Consolidated Rubber Estates has decreased from Tia. 92,260.62 to Tie, 66,879, and sundry debtors and We have wen informed by Messrs, debit balances from Fis, 119,442.50 Thavlaill retaries and SSI LOT of this late ap. kenetal managers. of the Consolle proximately is, 50,9116 has since been collected.
T trust that you will see adopt the recommendation of the transfer of Tis, 6,000 to bonus to stall account; itis, 1 think, eminent ly desirable that' our staff should Farticipate in our profits in a suc T am blessed to be, able to report that we have had no labour troubles the period under review and take this opportunity of thanking: the whole sts for the satisfactory they have perform thet duties i th 0 at evedit of Proft wectingg of directors held 111 it was decided to recom following appropriation of the balance at credit of Peofit and Laos uesount at the fortheomi annual general meeting of shaw holders tobe held on Wednesday, April 10, at noon There being no questions the 4, Final, Dividend of {allowing resolutions were adopt-"Twenty Tach Cents per Who it Motor Venfeten accounts for the year 1928 as That the directors' report and Papste!
Centres Fun submitted to this meeting be and Fereset they are hereby received and adopted Tis, 9620800 and that the balance at credit: of Profit and loss account on December 1928, be disposed of as recom: Ibert & Ca. Lid the inded by the directors—proponed Hecul eretarien by Mr, IL Martin Little and second. Kalempeng Rubber Estates Ltdhy el by Mr. A. M. Cannan. we received the following cabled That a dividend at the rate of formation from Lenden:—Annual per cent. be declared and paid on the will be held on March 26, issued shares of the company—proof and Loss posed by Mr. H. Martin Little and 1/6. Income seconded by Mr. C. D. Pearson, Tax 4/-. Proposed to carry to That the directors be and they are reserve fund £10,000. Carry. For-hereby authorized to pay to the ward £59,175.2.2. Dividend payable foreign staff of the company as a fon and after April 31 to all shares emus a sun not exceeding Tls. 6,000 holders registered on March 26 and that such sum be distributed subject to confirmation at annual such manner as the directors at their discretion shall think fit—proposed Chemor United Rubber by Mr. H. Martin Little and seconded by Mr. R. Lock.
At a meting of the board of directors on March 19 it was decided That Mr. A. M. Cannan be and he te yecommg the shareholders is hereby re-elected a director of the at the forthcom annual general company—proposed by Mr, M. nweting that dividend of eight Martin Little and seconded by" atx. can dare ne per share he T. 11. Boodman, That Messrs. Lowe, Bingham and Matthews be and they are hereby reappointed auditors of the company. proposed by Mr. R. Lock and seconded by T. 1. Goodman, Semaibu Rubber (Ata meeting of the board of directors on March 19 it was Hlecided to recommend to. the share= niders at the fortheeiminge annual eneral meeting that a dividend of sdarvens yer share be paid. extraordinary resolution, shareholders of the Green Island ment Ca., Ltd., Hongkong, last week authorized the Board to' spend up to $3,500,000 on new plant at the Mok Un factory, Kowloon; and it was announced that new' capital will net be called for the project,
Text read from the printed page and cleaned; old type leaves the occasional error.