With the balance Tls. 25,804.56 brought forward from last year, the amount at credit of profit and loss account stands at Tls. 69,672.14, which your Directors recommend be dealt with as follows Tis.
To pay a dividend of Tls. 0.50 per share 35,000.00 To write off development account 5,730.85, To write off stock of share certificates To carry forward to next year's account 28,940.29
Tls. 69,672.14
I shall ask you later tio pass resolutions to this effect. In the previous year's accounts the investment account stood in the books at Tls. 13,134.85. During the year we sold the £1,650 worth of British 5 per cent. War Loan and the 2,000 ordinary shares of the Senawang Rubber Estates Ca., that we held, at prices showing a profit on the book costs. The balance of this account now stands at Tls. 559 against which we hold 500 12 per cent, oumulative preference shares of the Senawang Rubber Estates Ca. Ld. which are worth more.
The item "investment exchange account" does not appear in the accounts before you, as the amount of Tls. 5,634.85, formerly at the credit of this account has been transferred to profit and loss account, there being no further need for. it.
Text read from the printed page and cleaned; old type leaves the occasional error.