The annual meeting of the Alma Estates, Ld. was held on Tuesday. Mr. E. T. Byrne presided, supported by Mr. N. G. Maitland, Dr. R. 8. Ivy, Mr. C. J. L. Stewart, directors, and Mr. C. G. Copley representing Messrs. J. A. Wattie & Ca., the secretaries.
After the notice convening the meeting had been read, the Chairman said I think that you will agree with me that we have reason to be satisfied with the result of the working for the year under review, the net profit being Ts. 43,867.58.
This satisfactory result is principally due to the Restriction Enactment which came into force on November 1, 1922, and which enabled us to receive a better price for our rubber than we had done for some years past.
Text read from the printed page and cleaned; old type leaves the occasional error.