Dividend of Ten Cents Per Share to Be Paid "Prom the accounts you with note tne profit for the year ie 8163.00 40," raid ate. W. Rlior, chairman, Fecommending a dividend of ten ents por share "at the 10th anetal froneral meeting of shareholders, {he'iotn"Bahfoo. Rubber" Esates Goat), Lia, held on Sept it at 1130 firn. at 20-Canton Road. The chaste man was supported by Messrs.
Bain and el, Trueman, dlveciors While aboxes prevent or Fepresented "The chalmon sak—
During. the year' under review our' ethnics! "adviser "advised that certain' arcus on Kola Bahroe Eutate and) Canning" Erate wore longer" yielding, on an, econo: mie basis "and suggested these drastically "tapped nnd cut out This has been done, as You will no from the report, $0 acres on. Kola Bahr Estate ana. acres on Can-hing state have been felled for #0- Plotng andthe cleared prauud wil be Drepared to receive the seodln during September/October at this year Draate tapping wil be commenced on 2 further 40 tres on Kola Bahroe cand 0 acres on Canning Eslate with a view to replanting during 1997, We shalt have no fully in illing the exportable quota tab percent. even with the areas that aFe, being eat on us approx mately 28 percent. of the" total Toren fe Aways resting nder review the management in the During the early part of the year
frat suggested fo your directors lat it Wvettd be sivinble @nd Tess Coty 1th mate of al the fubber produced on Gunon trid Canning Bates could be tralized"'on ihe later. Phis suggestion was given serious consideration trid, eventually sanctioned, the machinery being complotly installed towards the end of the hnanelal year. el real th cost of manufacturing aha curing in June, 1030, was less tha hntt'of one cent per pound of rubber produced as against. 14 cents for Fane, 108, and there, appears to be every prospect of this Tow cost of manufacture being maintained.
For some years past we have had 1 great deal of trouble with Baoding nits acres of Kola Bahroe Estate and Government authorities or the P.W.D. fu the Straits to do anything to stop this. As a result of the strong representations made by the manager of the estate through planting associations in the Straits it Is hoped that! the Government authorities will take slops to remedy the trouble, The cost of "production, including all Shanghai charges, is 434d. per Ib. which is the same as last year in spite the reduced output and this reacts the careful attention that is paid fo all items of expenditure on the Estates.
From the accounts you will note the profit for the year is $63,508.36, including last year's carry forward of $9,007.25, and your directors recommend that this profit; be dealt with as suggested in the report, which I hope will meet with your approval when put to the meetin The Resolut Proposed by Ins. W. Mellor, seconded by Mr. C. M, Bain." That' the report [and accounts for the year ended' June 20, 1000, as presented be accepted.
Proposed by Mr. W. Mellor, seconded TE. Trueman. That the Fecommendation as to the of the balance at credit of Toss account as presented be Pay dividend of 10 cents share '5,100.40
Text read from the printed page and cleaned; old type leaves the occasional error.