Root disease, however, continues its slow but relentless spread and there 4s consequently a steady increase in {the size of the vacant patches in the gardens. Every effort is being mad fo prevent or at least to retard th spread of root disease but 1am afraid we must reconetle ourselves to the fact that the productive value of zit these old reas is fast diminishing through the unavoidable loss of trees.
The only thing that can be done to continue, when the restriction reulations permit, the replanting pro-{gramme so that areas as they cease 10 be remunerative producers are re-Planted with a new stand of trees. derived from proved good yielding In the present circumstances, ending revision of the: restriclon ordinance er the consummation of some other arrangement, we must expect gradually diminishing crops from the property.
This leads me to refer briefly to a proposal which will shortly be the [subject of a circular letter to you and Which will necessitate the convening of ah extraordinary meeting of shareholders, and that is an levitation that recently been received by your board from the Chemor United Rubber Company, Lid., that this company should amalgamate with it by Jan exchange of shares.
From the point of view of shareholders in this company it will Jobviously be advantageous to join hands with some other company pos sessing property that will be In con-mucus satisfactory producing condition for several years to come #0 that they may participate in the profits fof the other company during the time that their property is being largely replanted.
Ju return for this the company with which it is proposed that we shall amalgamate will safeguard its own future by having good young rubber to tap at the time that ils own rubber beginning o depreciate and when it will find it necessary to carry out large replanting programme itself.
Text read from the printed page and cleaned; old type leaves the occasional error.