There seems to be every prospect afta continuance of the present 5 proved price of rubber and if this realized it should be possible to ar. interim dividend later on.
T spoke last year vf the great benefit the restriction scheme had the See Kee Company and Its Benefits Tha annual general meeting of shareholders of the Repah Rubber Tapioca Estate, Lil, took place en Wednesday morning at the ofice lof the secretaries and general ma agers (Messrs. J. A. Wattie & Ca. Ld.), 10 Canton' Road, Mr. B. A Clarke (the chairman) officiating The chairman was supported by Mr. AI. Welch (director) and Mr. W. Royston (secretary) and there was total attending representing 134,- 154 shares.
The secretary having read the notice convening the meeting, the [chairman in his address, eaid:
Gentlemen, The report and ai counts having been in your hands for the requisite period, T will, your permission, follow the usu practice and take them as read, but before reviewing the working" for the past year, I think it fitting that I should refer briefly to the great losses sustained by the company through the deaths of the manager, Choveaux, and of Mr. G.
ayrigge, one of your directors Mr. Choveaux took over charge of the estate on February 1, 1921, and administered it single-handed, with the greatest efficiency and success, up to the time of hi death. In him the company has lost " most loyal and valuable servant.
Me. Grayrigge had been a director of this company for a number of years and always took the keenest jerest in its progress. The benefit Jof his experience and advice will be sorely missed by those of us who remain, I am sure that you would ike to associate yourselves with your directors in expressing their heartfelt sympathy with the widows and families of these two gentlemen in their sad bereavement.
The Year's Profit, Turning now to the accounts you will have noticed that for the first Lime since 1920 the profit and loss recount shows a small balance available for distribution. The pro-for the year was Ths. 10,965.29, as compared with a profit of Tle. 26,597.72 last year. This decrease mainly attributable to the facts [that the output, owing to the greater degree of restriction that was enforced during the year, was 37,857 1b, smaller than it w: 1923, whilst the average sale price was nearly 32d. per Ib. lower.
Text read from the printed page and cleaned; old type leaves the occasional error.