The profit for the year 1997 amounted to $203,002.41, At the Annual General Meeting, held on Feb. 28, it was decided, in view of the still unsettled situation in Shanghai, not to distribute any dividend, but to increase reserves and to carry' forward the balance which, Jadded to the amount brought forward from last year, amounts to a total of $240,015.37.
Financial position of the Company fas at January 1, 1038: oares of Ts. 109 Gach: Tis: 400000 ai 119 $2,207, 202.80 cla Nepatrs eserves sate fat Load of teriis diting Reconstruction 175,000.00
No property Owned by the Com-has been damaged during the hostilities in Shanghai. At date, they fare practteally all rented, these increases, that is to say that more work was done on putting the estate buildings into a proper state of repair, the average rate of wages. was appreciably higher and the out-ut of rubber was 41,400 1b. greater, The Estate is again reported to be clean and the establishment of green covers continues to have a very beneficial result on the growth and foliage of the trees.
The expenditure on capital account ]was Chinese $1,812.09 which wer spent_on an aluminium coagulating tank, an electric lighting set for the Jmanager's bungalow and on the purchase of two new We are of faced with any heavy es pital expenditure for either rebuilding or replanting in the immediate future,
Text read from the printed page and cleaned; old type leaves the occasional error.