'The 11th annual general_mecting Jof shareholders of the Shanghai Kedah Plantations, Ltd., was held on December 29 at the offices of the Secretaries, Messrs, A. W, Burkill & Sons, 2 Canton' Road. Mr. 'A. W, Burkill was in the chair, supported by Messrs. G. M. W, Hummel jand E. E. Parsons '(directors), and shaves represented totalled 72,121.
The chairman said:—Owing to the continued depres-ion, the result of the year's work-hows a loss of Tis, 5,137.68, which deducted from the amount of Tis, 21,413.28 brought forward from of Profit and Directors veaccounts, pany' dell has available approximately' Ts, 15,000 in cash, which will enable ie to' carry on for ome' months, even at prevailing The "Directors the ques it would be better to close down the' Estates and place. them under the care of a native conductor with just sume lent labour to keep them n'a clean condition, or to continue {apping.. Even at present prices, wax found thatthe monthly. los would be minimised by Keeping the Estates running as-at present with the added advantage that the' value fable asset of an expert. and effeiené tapping force' fs not. lost to. the Estates. In. this connection, you vill mole from the Report that with the larger outputs harvested, "and the ceanomies effected, the Production has been Yedueed. from 400d. per Ib. last. year, to. 287d. per Ib. "Every economy ts being en= Forced without the Estates. bein allowed to retrogress regards the general condition of the Estes ere i ie for me to comment upon, the. workin the Hatates. wax generally sates factory throughout the year, they fre in a. clean conditions, and the growth of the trees on the immature Areas up to standard, The. were visited po Technical Advise ching, wh like to take this opportunity of re= Jeording the Directors" appreciation of the good work doze by the Estate nagers, and to the Visiting Agent its "Agents for, the good
the yea for the properties throughout cooperation of all those conn ted with the Estates in thely effo effect all possible economy.
That is all T have to men, before putting the Resolutions to the Meeting, Tshall be glad answer to. the' best of my ability fany questions Shareholders" may wish (0 ask.
There heinz no questions, the fol-meeting and carried snanimousty lowing resolutions were. put to the
Proposed by Mr. A.W. Burkill and seconded by Mir, G, Int. W. Hummel:
That the report and recounts for the year ended September 30, 1931, a presented, be accepted, Proposed by" Mr.
Pare sons and. seconded by: Mr. He Kadoorie:
That Mr, GIN, W. Hummel be reelected a Director of the Com: pany.
Proposed by Mr. 1, Kadoorie and seconded by Mr, Chun Bing.
Text read from the printed page and cleaned; old type leaves the occasional error.