London, Oct. 9.
Shanghai Pahang Estate wine othe' shangaet Fencog ROUTE hehe Summete! ads Friday at 11.45 am. at 2 Canton' Road, the offices of the secretaries eepsani'e Sonat Shares peter! totalled 21,500.
Chairman, Mr. C. R. Burkill, icy the, epic saga have been made in the planted acreage, but during the current, See ce Can et ines Torneo Ecce ce in ttare PERE ated toa6hioa? and rest approximately 173 acres of old! rubber trees, the rate of yield from
trustee for tints age The pole Shek hep ders 9 felow periodic resting of areas where etna taping' is the penis bee ens a Date eae at The ectng wi net See ced can improves in has reserves, but also to better yields Tiere te Sea ete 2
"The growth of the tras on the! immature area is reported to be SRE st conn sclaeetory ent, congo, re, normal. With regard to the mf-' ture area, during the wet weather,!
ore Soe cence "Mouldy Rot" of the tapped suregy, TE eae immediately taken and the incidence'
Great activity was shown by the London gold market during the past [week and the price for fine gold Included, for some time a premium (at pds over the buying rate quoted the Bangue de France gold price went up to a record During the week under report the 184/8d, per fine ounce.
This however, only represented premium of "6d. the whole quantity of gold on the Lon market, amounting to $1,844,000 was purehaged during the past week by Continental 7 fears felt for some time as regards the future of the gold how seem to have completely vanished and it is. generally consi dered here that the stabilisation rate would be fixed in the neighbourhood of 180/-, per ounce, oF perhaps tron higher.
The plyer market was generally Operators. seem to be inclined to hold of nding the de-Yelopment of the, United. State mited States Thonetary'poliey, The general ten-Toney, nevertheless, was firm and bar sliver spot went up e fraction to'1ah while the forward price ad Vancod from 18} t0 18%. Fine all ver was up w to 1018 for spot a the price for forward deliveries advance by. to 208, chief thanks 10 the activity of American have 2 Indian operators were intemittently buying and selling.
On the produce market, the ices for raw materials showed 8 upward tendency.
Triportant, qeantitier of Egyptian cotton found "buyers lst, week See Tiverpoot market and Yn Sta chester, the above, the development of, trees" on the mature' areas reported to be satisfactory.
Labour was sufficient for alt state requirements, but. with the cent rise in prices; coolies' wages wad to. be advanced. - Shareholders will appreciate the fact that order to retain the labour force, wages to coolies must be raised, as during "the period. when selling prices' dropped to 6 cents & boun wages to coolies, Estate staff ani Managers, were reduced to an ab-
Turning to the accounts, the ®|for the year amounted to 13,547.25 as compared with 23;746.27 the previous year. The sum, brought forward from last year's accounts was Tis, 242.61, and the total at debit of profit and loas account to June 90, 1933, amounted Tls. 13,780.86, and 1'shall later Propose a'Resolition to. transfer {fis 13,000 from general reserve Jaccount' to profit and loss account Jand to carry forward the balance of Tls. 780.80 to next year's accounts.
Despite the decrease in output, 429,700 lbs. for the year under review as against 442,800 Ibs, the pre-fous year, there was a" fractional [decrease in the cost of production. however, r Ib. as} The average selling, price realise, against '1.95d. per Ib. the previous} year. There has marked June last and it is sincerely. to be provement in selling prices. since hoped that prices will be maintain fel'at the present or higher level In conclusion, I would like to take nis opportunity of recording the and for the Upner quality and the work done by. the Estate Sanager 'The "demand was particularly oar' appreciation of the good Friees compared "favourably with land staff" Our thanks are also due The prices for American cotton.
The market for rubber showed a wenk, erratic tendency. After an improvement of prices which fol-Towed the announced progress of the negotiations for the restriction fof output, the market went down again, due to the statement issued by the Governor of Malayan States who said that the British interests would take' no initiative in the matter until a plan for such a re-Guction "was" submitted by the Netherland:
British quarters here explain the lengthy character of these negoti tions by a multitude of interests is be considered, but express the view that it is not impossible to find a formula acceptable to all parties.
Standard sheets were quoted on the rubber market ly per Ib. for December. delivery, dix to 4% for January#March, 4 to ie April/ Tune, 4) to diy Suly/September. Hard para was still quoted at 43 spot, November and December.
The stocks of rubber in England for the past wede are estimated to have decreased by 250 tong in London and by 1,290 tons in Liverpool. market showed an unfavourable trend, believed to be due the fact that the supply and, demand were prevented from follow-Yng the rest of commodities, owing tovcertain political and economic measures of the various Governments. Better prospects for the stabilisation of sugar prices are, however, seen, due to, favourable statistics, and considerable increase world' consumption of sugar is expected, as soon as general conditions become more normal.—Havas. to the Straits Agents and Vi iting Agent for their good care of our property throughout the year, and Jalso the Secretaries and General Managers for affording financial assistance to enable the Company to carry on.
questions being asked, the following resolutions were then passed] unanimously:
Text read from the printed page and cleaned; old type leaves the occasional error.