A Joss of Tis, 956.23. over the one otk "as reported bythe fpanghai Seremban Hubber Estates, [can ies tnmeal general meeting held in the ofoes of Messrs, Wattie & Ca. general manager, 10, Canton Road. "The" comparatively Salisfnctory result in face of. the conte depression. in the rubber Industry and extremely low rubber price. was attributed to. the rigid ised in every directo that continued. per, Stance of rigorous economy. would nor the estate
supported by Messrs. lit. Specina SER, J. Walch chairman, was APR' Craddock, directors, and Shackleton, setzetaey. Shares re-Presented were 82,000 the chairman intlemen:—Before dealing with report and accounts I shall be glad if you will glance for a moment at the working account where I regret that there are two printer's errors for which I must apologise. The first occurs in the Tael amount of the rubber stock where the figure should be 1,718.37 and not 1,712.37. The second is in the cents column on the credit side of the same account, where the figure 6 in the cents column of the total should be 5.
The acute depression in the rubber industry from which we suffered throughout 1931 continued in an accentuated form during the year under review with the result That the average price realised for our product was only 1.69 pence per pound as compared with 247 pence per pound the previous year. In spite of this extremely low price it gratifying to note from the working account that the difference between the estate revenue and the expenditure was a loss of only Tis, 955.23 which is transferred to profit After crediting interest and sun-ary revenue and debiting Shanghai expenditure this. latter account shows a loss for the year of 3,581.26, which when added loss brought forward from last makes a total debit of Tls. 11,81
result has only been ad This comparatively, s exercise of the most rigorous economy in every direction and the Teaving undone of certain work which it was desirable to do but Jwhich was not essential for the welfare of the property, and I'must
Text read from the printed page and cleaned; old type leaves the occasional error.