The Annual Meeting of the Shanghai Pahang Rubber Estates Ltd., was held yesterday at 20 Canton Road. Mr. W. B. O. Middleton presided, supported by Mr. A. J. Welch. Holders of 53580 shares were represented at the meeting.
The chairman in his speech said:—Gentlemen, before I address you on ihe Company's affairs I wish to record with regret the death of Mr. A. D. Bell and to give expression of our deep sympathy to his widow and family. Your Directors miss his wise and always well-considered advice.
At the end of the last financial year, the producing area was 1,042 acres with 119 acres, non-producing, making a total of 1,161 acres. Now at the end of this financial year, the respective acreages are 1,076 acres and 33, making a total of 1,109 acres, and the difference is accounted for by 119 acres non-producing having been transferred to producing. 33 acres replanted have been transferred to non-producing, and 52 acres felled. and burnt for replanting have been deleted.
The general condition of the Estate can be described as fairly good and I am pleased to report that mouldy rot and pink disease have given less trouble than last year. Your Estate is one that requires constant supervision and it is receiving it.
Text read from the printed page and cleaned; old type leaves the occasional error.