The annual meeting of the Senawang Rubber Estates Ca. (1921) Lad, was held on April 14. Me. E. [Byrne presided, and was supported Messrs. A. K, Craddock, H.
A. J. Welch (directors), Messrs. J. A. Wattle & Ca. It secretaries and general managers. The attendance represented 71,345, shares.
Adiressing the meeting the chairman said:—
The. report and statement of accounts having been in your hands for the necessary period, T propose, with your permission, to take them jas read.
The profit earned during the year was Tis, 90,724.38, which is Tis.
195,613.40 more than that of the previous years accounted for joy the fact that the output was [657.220 Yb. as compared with 531,- 1028 Ib. for the year ended January, and the price realized per! 818 pence last year.
After the addition of Tls. 19,760.
67 brought forward from last year Jand the deduction of the amount Jof the interim dividend paid Jon October 10, 1929, and the payment of interest on preference shares up to January St, 1930, there remains a divisible balance of Tls. 77,911.89, which your directors rrecorimend be dealt with as shown in the report and which T shall put in the form of a resolution later on.
If you approve of the appro:
recommended, the company wil! have started the new year with surplus of assets of Tls.
23, which should be more that azstle for working capital.
Turning to estate affairs, an area lof 5 A. 0. R. 10 P. was sold to the Government during the soar for road-making, and the proceeds of
sheet. the sale are shown fa the balance An area of 10 acres of ravine Jedges and low: lying areas have been cleared and planted, which undoudtedly will bring in more revenue later on.
The growth of the trees in the 1926 and 1927 clearings—218 acres reported as being very good, some of the trees that are not yet four years old are large enough to be tapped, tut they will not brought into the tapping rounds for some time to come. The general development of all the trees in these clearings leaves very little desired.
As regards the condition of the trees in the mature areas, the tech nical adviser reports that it con-aes much as hitherto and calls for ttle comment.
Taken as a whole the rate of bark renewal throughout the estate -quite good and practically all the trees carry reasonably good reserves of tappable bark, In the younger mature areas the bark reserves are exceptionally good.
The general workmanship of the tappers continues. to be of a very satisfactory quality, and the rate bark consump at just under one inch per mensem.
Pests and diseases gave little trouble during the year. Coltivation in the form of silt ontoer draining was continued with much benefit to the estate.
The estimated output of rubber for the ending year is 610,000 Th. but as your directors have complied with the suggestion of the combined ish and Dutch planters to cease *|tapping during May next, the crop harvested will in consequence somewhat below the quantity named.
All buildings and machinery have been kept in good order, and the estate in general is reported to be a satisfactory iti Refore concluding my remarks T wish to express the appreciation 7 Jof the Board of the efficient and economical management of the estate by Mr. Ryves and of the ood of the technical adviser and Straits agents.
That is all T have to say, Gentlemen, but before putting the rosel tions before you T shall be pleased to answer any questions to the best of my abi There heine no questions, the following resolutions were put to the meeting and passed unanimousys 'That the directors' report and statement of accounts for the year' Jended January 31. 1920, ax prosent~ ed, be adopted and passed, and that final dividend of 20° Candareens: per shar Candareens for the yen Proposed Mr. B. T. Byrne.
Seconded by Mr. 'A. K. Craddock, That Mr. A. K. Craddock be re-lected a director of the company.
Proposed by Mr. Hf. Ki conded by Mr. A. J. Welch.
That the directors he authorized to donate the sum of Tls. 250 towards the supply of comforts to the foreign troops now in Shanghai. Proposed by Mr. E. 'T. Byrne, Se-jeanied by Mr. Ti. Kadoorfe.
That Messrs. Lowe, Bingham Matthews he re-elected auditors to the company for the ens Proposed by Mr, Woo Chi-ming. Seconded by Mr. Sze Hon-stmz.
Text read from the printed page and cleaned; old type leaves the occasional error.