'The sixth annual general recti lot shareholders of the Shanghel Kelantan Rubber' Estates (1925) Ltd. was held at 9 Avenue Edward VII on Apr. 22. Mr. Ao W. Burkill (chairman) presided, supported Messrs. A. McLure, V. Meyer, C. [Shackleton (directors), J. A; Turner (representing the secretaries. and general managers) and. sharehold lers, the attendance representing. total of 277,683 shares, The Chaitmat adh, Won Wide depression exis ing during the past year, Lo Champ de Courses The annual general meeting of Lo Champ de Cours Francais was held "on April 22 in the oftces of the company, 9 "Avenue Edward Vil, Mr, M. Barraud presiding.
In their report to the sharehold: ers, the directors stuted:—
In accordance with the statutes the company, we have pleasure im submitting for your approval the balance sheet for the year 1931, originally set for February 18, date of the meeting was but, ig. to local events, "we were obliged to postpone same to April We have been most unfortunate ly'in the rubber industry, given i Tes Your directors great concern.
Pao de Marvoute our yehaitman, alr. No doubt, you in order to False funds to carr will associate yoursel swith jon the Company the issued capita expressing our regrets at the los was reduced from Tis, 350,000 to|of such an esteemed friend, (is, 36.000, and a further itaue of At the beginning of 1831, Mr, shares of the value of Tls. 70,000 Turner (director) resigned iwas offered to the shareholders pro-was replaced by Mr, C.
Burkill Of this amount 'Tis, 38,600 whose mandate will' expire the ras taken up by. the shareholders. end of 1933, jand your directors guaranteed to As usual, we shall ask you' to ace take up the bolance'as and when cept this resi ation and ratify the Conditions became so bad during nomination of Mr. C. R. Burkill, We asked Mr. M. Barraud to take the year that your Directors decide the of Mr. cly Pac de Mar-fed ta stop tapping soulies and his mandate will expire estate on a care and maintenance on December 81, 1983, basis. as from September 1, thereby siderably. For the reducing the, monthly def sine. reason be 10228 acres of the new: clearing were. temporarily abandoned, thus Furthermore, the mandate of {further reducing monthly outgoings, Messrs. -M, Chapeau, M. Spelman Your directors have drawn no fees and J, Thesmar having ex fred, We for the past year, and your General now propose that you re-elect. them.
agers' Feduced " remuneration for a period of three years. twas credited to them in the book We are pleased to be able to sub-For the current year they have] mit to you a balance sheet. which voluntarily offered to give thei Jean be considered very satisfactory. vices free of charge, "and this for themsel much appreciated by the board. however, we wish to point out All expenses, even on the are and following method adopted the maintenance pian, are being reduced last two years, we have written off fas far as possible, and I anticipate $203,822.41 on the buildings and that the funds tobe received from $80,017: on the machinery. Bee unissued shares. will enable the es-Sides, sundry accessories and 1 tate to survive for at least one year, furniture figure our books for provided exchange rates do not be-the nominal sum of $1 respectively. come too unfavourable, After having passed thave entries The prospects for the rubber in-and, on the other hand, covered the jand we can only hope for a gradual dustry are very gloomy at present lorses for the previous years ie. '$139,088.32, the account of profit improvement in world conditions, and Toss leaves a credit balance of which will in time benefit the particular industry we are interested in.
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Text read from the printed page and cleaned; old type leaves the occasional error.