A profit of $114,813.95 was the result of the year's working, as compared with last year's profit of $28,037.06, said Mfr. A.J, Welch, chairman, at the annual meeting of' the Senawang Rubber Estates Ca, (1927), Ltd, which was held at noon on June 15 in the ofllees of J. A. Wattle & Ca, Lid, at 83 Canton Road, Mr, Welch was supported by. Mr.
E, Canning, director, and Mr. W. A. Welch, representing the. secretaries Jand general managers; shares present represented totalled 317,750. The chairman sald:—
'The working for the year hus resulted in a profit of $114,813.05 as compared with' a profit for last year of $28,997.00, This increased profit thas been achieved. despite. the fact that the output of rubber was 88,500 1b. matier than Jast year and the main factors that have contributed to this satisfactory. result are that. the average net price realized for our product was "222" pence per pound higher this year and, conversely, the estate expenditure on revenue' acfount was 20 of @ penny per Ib, This profit added to the balance of $4,375.03, brought forward from last year and less the Shanghai expenses lid bonus to the estate stall as Well fs the {wo interim dividends and the interest on the preference "shares, which Jatter was paid on the January. 31, 1937, leaves a divisible balance of 158,004.69 which. your directors recommend be dooli with as set forth their report,
Text read from the printed page and cleaned; old type leaves the occasional error.