The nineteenth annual general meeting of the Sungei Duri Rubber, Estate, Ltd., was held on October 4at 2 Canton Road. Mr, Hugo Reiss presided and was supported by Messrs, A. W. Burkill and A. J. Welch (directors). Shareholders who attended represented 5,375 shares, 'After the notice convening the meeting and the auditors' report and the balance sheet had been read by the secretary, the chairman said:—The report and accounts having been in your hands for some time, I will, with your permission, adopt the usual procedure and ask you to take them as read.
The report as on former occasions gives full particulars of outputs, costs, ete, and I have very little farther to add. No extensions were undertaken during the year and the planted aren remains the same as last year, vis: 1,301 acres, 805 acres mature and 496 acres immature. The figures' for the non-producing aren are approximate as the aren planted has not been surveyed.
The Estate is reported to be in generally satisfactory condition jand the growth of the trees in the immature area well up to standard, Some of the young plantings were subject to diseases common to tre of their age, but this gave no cause for anxiety and effective re medial measures are being undertaken, 'The Estate was visited periodical ly by our technical adviser, Mr, C. Pinching, whose reports have been' uniformly satisfactory, and I would also like to take this oppor tunity of expressing, our apprecine tion to the estate's staff, technical adviser and Straits agents for the good care-of our property through out the year, al Company's Position Sound Turning to the Accontits; although the average mott price ¥edlized wag 9d, per Ib, as against.te, 246d, the previous year, owing to" the larger output and also tothe surplus of Tls. 12,051.80 realiéed on the 1927/1928 stock, the profit for the year was Tls, 70,353.08.2s compared with Tis, 28,284.05 last year, As you will note from the balance sheoly the company is in avery sound financial position and Iam pierised to be able to recommend the payment of a dividend of 1.25 per share, absorbing Ts, 50,000, fon the year's working. It is also Proposed to place Tis, 10,000 general reserve, write off various Assets Ts, 9,156.56, donate to British Forces Recreation Centres Fund Tis' 250, and carry forward Tls. 18,146.48, Jand I trust you will approve of the directors' recommendations.
Before putting the resolutions tq the meeting, T shall be pleased answer to the best of my ability, fany questions shareholders" may, wish to ask, The Resolutions
Text read from the printed page and cleaned; old type leaves the occasional error.