Three and a half aeres on higher Jand in the middle of the swamp] have been cleaned and replanted, the seedlings are reported as doing] well, At the annual meeting of the Shanghai Seremban Rubber Estates, Ld, on April 12 in the offices of Mest J. Ay Wattle & Coy Ltdhs Mr. €. ewart presided sup= Elly Kadoorie and Shackleton, and shareholders. representing 600 shares.
The Chairman saids—
The report and recounts have been in your hands for some time and, with your permission, Twill adopt the usual course and taki them as read, 1am pleased to inform you that Mr. Pinching, the technical adviser jin his report on his visit to the estate in January of this year states, "that the growth "and development of the trees throughout the estate continues to be very infaetory. the vote of bark real continues to be good and all trees carry ample reserves tappable ba The quantity of rubber harvested uring the year amounted to 169,151 Tux. For the current year the estimated crop is 275,000 Ths. to be produced at an F.O.B, cost of 2020 Straits cents pee Ib, With regard to disease, thee has Leen nothing of a serious nature, although root-disease ths form of Komen Pacude Kerrey will always be present to a vert extent in old rubber, From. the report in your hands you will have noted that G7 trek were lost Ahreuh beng "affected with this Owing to the report being 0 led, there is really mathe Vean say regarding the of the estate except that estate yrenerally is in exeettent condition and that every effort te being made to keep costs at a minimum consistent with effi Turning to the accounts, the 7 fit on the year's working amounted to Tle, 19 and together with, the sim of Tls. 28 brought forward from last year, there is at credit of profit and lose ace total of is, 14.0266; 'A small mars en made Eireetors recommend shall be teal and planted with some 25,000 seeds, should these germinate, there should be no difficulty in selling the young] plants at a profitable price. with ex follow Te tax Disease has given utile trouble during the year. "Fomes sends ferrous, a root disease amongst. the oldest rubber is still prevalent, there wre few estates that have not this disease affecting oki rubber. Any trees that are badly affected are cut out, and the area isola pect which T chall hate the pleasure before Zau ax a resclutios by cutting trenches stound where trees have been.
A crop of 220,000. Ys. has een' budgeted for the current sear at an} cost of 18.05 Straits cents.
In conclusion I should like to place fon record cur appreciation of the valued services rend agents and stof in the uring the pasty It has been an' anxious year for all congcrned in the rubber industry, and it is hoped an improvement inthe market wil] take place and, that next year we fern kas been made fof such a small divit=
If you will refer to the profit 8 int vot sill sew that the surplus onthe realization ut rubber stock amounted which sum sees veally 1927, therefore your directors thought it only right that the shareholders should benefit Ly soon as possitie instead of ting the amount forward to next yeur"s account.
Text read from the printed page and cleaned; old type leaves the occasional error.