The 18th annual general meeting of the Bata Anam (chore) Rubber Estates Ltd, was held on March 26 the offices of the Secretaries and General Managers, Messrs.
Wattie & Ca. Ltd 10 Canton Road. Mr. C. F, Shackleton, the chairman, presided," and the attendance Te: Drgente 1,500" shares: follows: ceipts jrman's "speech was as
The results for the year's work although being "a loss. unexpected, and I think may al be. considered. satisfactory. yields have shown an improvement fand bat for the total cessation tapping during the month of May, the crop Would have doubtless been exeens of that for the previous year. "The average price realized
whereas in' 1929 the average was, however, erly 4.684. per pound obtained was 9.324. AS you will notice from the Working Account, expenditure on. the estates been very considerably reduced, and this year only 10 per cent of the General "Expenditure "has. been Jeharged to Development account. The total expenditure on" the immature area. was 'Is. 13,005.14, and other capital expenditure consisted of Tls. 7,564.71 on bolld-ngs" and" Tls. 224.34 on. wells Daring the current year it is hoped that capital expenditure will be reduced, whilst other expenditure has' been' considerably pruned down. "The financial position of the company, although not strong,
hope" the present, dificult times inv much, that 1 have "every ill be surmounted and Teave the company onan even Keel. The balance of Profit and Loss account Drought "forward from last year war Tis, 3843651, and deducting the loss for the year, there remains a credit balance of Tis, 29,007.58. Your Board recommend that this te ized in writing off the amount expended on capital account. during the year, and to carry forward the balance of Tls. 8213.29.
'As. regards estate matters, you will notice that as a result' Survey the actual areas are somes what" diferent from those shown Hed out by a reliable "frm. of viously. This survey was cat.
Surveyors, and will advantage tothe manager trolling. the various estate works. The general condition. of the pro-acting area is satisfactory and has bet Sperienced, but. ae. usual in "eld gardens rest disease is: Tesponsible forthe Lao of a seta name of trees, The growl development being excellent and the trees are well up to the average for thole age. The past rear has Been avers ducal one, but ea eto expen lith cr'the company to the. manager, agent and agents in the for ther. royal fion in, meeting. the. emergency. November the assistant was, trans-Heered to. another estate, and iit Ridgewell has undertaken supervise the entire estate, and thus effect a saving in salaries. This, considering the area involved, is a Jarge undertaking, but 1 hops that before very long world contions will improve to such an extent that it will enable us. to, relieve Ly appointing an assistant There being no questions, the following resolutions were then pat to the meeting and adopted.
'That the Directors' Report and Statement of Accounts for the year' ended December 31, 1930, Presented, be adopted" and passed. Proposed by Mr, C. P. Shackleton and seconded by Sir Elly Kadoorie. Shachicton ae a Direstor of the That the appointment of Mr. C. F.
Company, be confirmed, Proposed
the[by Mr. L.". Canning.
Mr. H. Kadosrie and secon ied, That the appointment of Sir Elly Kadoorie, KBE, as a Director the "Company, "be confirmed. Proposed by Mr. LO. Cannas and Seconded by Mr." C."P. Shackleton.
That Mr. L.E, Caining be re-elected a Divector of the Company. Proposed by Mr. G. F. Shackleton, and: seconded by Mr. Ht, Kadoovie, 'That Messrs. Lowe, Bingham Matthews "be" reelected "Auditors 1G. F. Shackleton and' seconded by pany.. Proposed by Mr Sir Ely Kadoorie,
Text read from the printed page and cleaned; old type leaves the occasional error.