Despite an increase in estate ex: penditure, including a higher average Fate of Wages, Sua Manggis Rubber Ca., Lid, showed a profit of $05,024.84 the working of the year, Mr. A. J. Welch, chairman, told shareholders at the annual general meeting in the gees of J, A. Wattie & Ca, on Feb.
Mr, Welch was supported by Messrs. H, Kadoorie and G, H. Wright, directors, and Mr. C. F. F. Shackleton representing J. A. Wattie Ca,, secretaries and general managers; shares represented at the meeting totalled 26,325 shares.
Mr, Welch said:—I am very pleased to be able to report that ihe result of the working. for the year is a profit of Chinese $05,024.84 as compared with a profit for the previous year of $23,015, This satisfactory result is attributable to the fact that the output of rubber was 41,400 1b, larger, whilst the receipts from sales of rubber were 291 pence per pound higher, The sales Jof rubber during the year realized fa total of St.$68,071.56 equivalent to 18.97 pence per pound nett The estate expenditure {or 1937 was SU641771 more than in 1936, the main increases. being in general charges—St$1,29542; the upkeep of pans the gardens—$481.49, and rubber pro-Guetion, manufacture, ote—$3,600.2, Three factors contributed towards elon, and "seconded "by Mr. atte HE, OF Maleh be rvelected, a ieclor of ie company. Proposed shy Sirois, a Levy, and aeon Kadgpite- "Sri Seconded by bessis. Mortimer Reld & Slee be Honored by" Ate'@, ° shaciaston and seconded bY Me: W. Lamont"
Text read from the printed page and cleaned; old type leaves the occasional error.