A forward sale of 4 tons monthly July/December, 1923, at a price of 663 cents per Ib. f.0.b. Singapore has been made.
The estates were regularly visited by Major G. Nevill Stevens whose reports throughout the year have been consistently favourable and indicate a very satisfactory state of affairs.
Mr. Carmichael has continued his excellent work as manager, and the directors take this opportunity of expressing their appreciation of his services and of those of the estate staff, the local agents in Penang gad the visiting agent. There no discussion, and the formal resolutions were put to the meeting and carried unanimously.
Text read from the printed page and cleaned; old type leaves the occasional error.