The exportable allowance Hendra Estate has been cut by 96,000 bs. for the year and although we have appealed against this assessment, we have not met with any success. With this cut in the assessment and the reduced exportable quotas for the year, it is inevitable that costs of production must be higher for the current year than for the past year, but you may.rest assured that everything possible is being done both by us and our agents in the Straits 10 keep the cost of production as low as possible.
The directors of the Chartered Bank of India, Australia & China submitted to the shareholders the balance sheet and profit and loss count of the bank for the year ended December 31 last. Presented at the eighty-fourth ordinary general meoting on March 30, in London, "Phese show a net profit, after providing for all bad and doubtful debts, of £073,785 3s, Sd, inclusive of £182,719 18s, 10d, brought forward "The interim dividend at the rate of fourteen per ent. per annum paid in September last "absorbed £210,000, The amount 3s, directors propose to now available is therefore £403,785,
jond at the rate of cent, per annum lo to add £35,000 to the Onicers' Pension Fund; to. set aside £40,000 on account of contingencies, ud to carry forward the balance of £178,785 3s. 5d.
Sir' William Henry Neville Goseher BL, Kok, Mr. Archibild Rose cts, and Mr, Edward Fairbairn Mackay, the directors who now retire by rotation, present themselves for re-election:
The auditors, Mr, David Charies Ved and Mi Henry n Knight Stiloman, ¥.0, ler their services, The dividend will be payable on and atter Monday, the Aprit 4,
Text read from the printed page and cleaned; old type leaves the occasional error.