Drawing attention to the unsettled conditions in China to-day, and the possibility of devaluation, Mr. Soyka Suggested that a substantial proportion of local investments be realized and converted either into Straits dollars or sterling.
The Chairman replied that these reserves of the company had accumulated over a period of years, The matter of transferring quid assets into Straits currency had had the very careful consideration of thi directors and they thought it was not wise or judicious to make such transfers for an investment with.very small interest. He pointed out that the Tanah Merah Estates was a loyal company and therefore its money should be Kept in dollars,
Text read from the printed page and cleaned; old type leaves the occasional error.