The general condition of the older areas comprising the three estates is reported by the visiting agent as being satisfactory for age and it will be possible to obtain economic yields for several years as long as {he Present conservative A.B.C. periodic Gêl tapping system is employed.
Our thanks are due to the staff on the estate, Mr. Pinching, our ical adviser, and our agents for he good work done throughout the year, especially as there has been so much extra work owing'to the replanting now being done.
You will note that the cost of r planting amounting to $33,107.54 hi been charged to revenue, also tha $20,000 has been transferred from exchange fluctuation account to general reserve. With the balance of $9,706.42 in exchange fluctuation account, it is considered that this is sufficient to cover any possible future fluctuations in exchange.
Text read from the printed page and cleaned; old type leaves the occasional error.