Bukit Rubber Estates very stormy extraordinary general meeting of shareholders, of tht Bukit Toh Along Rubber Es fates, Ltd, which succeeded the ist annual meeting, ended on June 25 in a majority deetsion to with The. Rubber Ltd, of which Sir Elly rer contvmation to a second. Traordinary general" meting Th hia speech on conditions dure sug the year, Ale A. Jo Welsh, who Elly Kadoorie and Mrs Hog Rei vesicled with the aappere of Sir
announced aloe of is, 606843 "compared witha prest the Swevious gene of is. 122001 despite the fact that the output had been greater by 53,446 Ib, and the expenditure on Revenue Account, miler by 1.89 pence pound. At the subsequent extraordiney "gine feral meeting he said that the diree= tors put forward the scheme amalgamation as the best solution fof the company's difficulties Opposition to the amalgamation Was led by Messrs. L. Soyka, David Arakie, and William Mahon. Mi. Soyka questioned its necessity, and requested to know why the shares holders had not been "adequately" consulted before the scheme devised, The shareholders, he said, hhad'"stood bythe company" the past, and would certainly stand' by it, in the "future, The scheme, in his opinion amount-a proposition to purchase for about 42.108 an acre first-class, feating estate that wus, worth tale ly £00 or £65 an acre. "T rust me ist," Mr. Soyka said, "that. the lectors have acted stupidly $0 far because if they had redueed the managing expenses by 50 per cent, fand the working expenses by 50 per cent. there would have been no necessity—if, as T hear, no one. purchased no new moter cars—to have had this loss. Just: now, however, when the economic depreasitn it ceasing, things axe looking up, and tocks of rubber are steadily declining every week this Tr to get first claim on an £2.08. an acre sehich cost £60 (0 605 an aere.n. I appeal to Your Sie. Elly Kadoorie, who are known as & generous man, to You are a millionaire, 20 help us other people This whole thing is like a frog—ewallows an ox.
At ancther stage of the proceed ings, Mr, alleged that Sir Elly Kadoorie was "dragging a the path" by referring to the Trust, Mr. Atakie qualified the proposed amalgamation as "highly presumphe atked, Welch, and Mr. [there is no other hope for on company? I have the greatest admiration' and respect for you, Six Elly Kadootie, But 1 that neither you nor Mr, Welch have any status whatever ju this matter as both you are-directors of the Rubber Trust and so have no right to express an opinion on whether amal-Famation with the Trust Would be (Continuca on Page 438.)
Text read from the printed page and cleaned; old type leaves the occasional error.