The annual meeting of the Repait Rubber and Tapioca Estates Lid., was at 93 Canton Road yesterday.
A. J. Welch presided, supported H. Kadoorie and R. N.
directors, and C. F. Shackle: ton, representing Messrs. J. A. Wattie Ca. Ltd., Secretaries and General Managers. Holders of 702,158 shares were represented at the meeting.
The chairman in his speech said:
The accounts now before you show, Lam glad to say. a much better result than was the case last year, the profit for the period being Ch.$137,045.—as compared with Chinese $69,138—last ear.
Two factors contributed towards this very satisfactory result, firstly the net proceeds received from the sales of rubber were 846 pence per pound as compared with 7.37 pence per pound last year and secondly the output of rubber was 141,331 lbs. greater; the estate expenditure on revenue account was on the other hand St$16,405.12 greater.
Text read from the printed page and cleaned; old type leaves the occasional error.