'The annual meeting of the Padang Rubber Ca. Ltd, was held on July 19 in the' offices of the general managers, Messrs. A. Burkill & Sons, 2 Canton Road, when there was an attendance Fepresenting 63,200 shares. Mr. A.W. Burkill presided and he was supported by Messrs. E, 7. Byrne and Chun Bing-him rectors). Mr. C. J. Smith noted as secretary to the meeting.
his speech, the chairman Gentlemen:—The report and accounts have been in your hands for some days and I will with your Permission, follow the usual course and take them as read, The report, occasions gives full particulars to yields, costs, ete. and I have very little to comment upon. 'The output for the year was 265,806 Th, approximately 24,000 Ili. more than last year, and the cost of production Shows a further decrease being 823d. per Ib. as against 10.910, the previous year. Although this figure is higher' than the average od Of most estates, it is quite satisfactory, in view of the hilly nature of the company's property and its general health condition, which tes against the retention of a permanent and reasonably cheap Labour force. The estate is reported to be in a generally well Kept condition and, on the whole, the trees are remarkably free frou disease and pests, and labour is sufficient for present requirements.
Reduced Selling Although the output was approxi mately 24,000 Ib. larger than that harvested last year, and all-in-cest of production 2.58d. per 1b, lower, the average selling price realized was 9.164. per Ib. as against 4s, 32d. the previous year. This transfer Tis, 10,000 from equaliza~ tion of dividend reserve to. profit and Joss account and the following recommendation as to the approlution of the balance ut credit of profit and loss Presented, be accepted Pay dividend of six tent cents per share' (8 per Carry forward Total vesecsecsese M2087
Proposed by Mx. Chun Bing-him, seconded by Mr. H. J. Clark—That Mr. E. T, Byrne be re-elected director of the company, Proposed by Mr. H. J, Clark, seconded by Mr. C. R, Burkill—That Messrs. Thomson & Ca, be re-elected auditors to the company, Tux traditional "sacro of Int. Supjogudake, Yamato Province, Japan, which has been cept absolutely closed to women pilgrims for several centuries past as a mountain repellent to persons of the feminine sex, has at Inst been "profaned" by two women mountaineers of Osaka who recently accomplished their ascendance to the mount, says the pan Times." These heroines are Miss Matsue Okada, 22 yours old, and Mrs. Hideko Ishivintari, 39 years of age. These women moune ameers as soon as they were spotted on the summit by the mountain Keepers were purstiaded to descend ut of deference to the traditional creed of the Mountain pilgrims, 'The mountain from the days 1250 A.D. up to the early days of the Meiji era was superstitiously guarded against women and those the feminine sex who climbed it, it was said, would incur the perma nent curse' of the Mountain Gods, fand their ascent of this mountain was forbidden by a Government or der. The ban was, however, remov-the 6th year of Meiji, but.no women until the present attempt have ever dared to try to the summit of that mountain.
Text read from the printed page and cleaned; old type leaves the occasional error.