Ayer Tawah Pays a Dividend The twenty-fourth sunual general wreholders of the Ayer Tawah Rubber Plantation Ca. Ltd, was held on Tuesday, Dec.
the offices of Messrs. Scott, Harding & Ca. Ltd, 131 Pek: ing Road, Mr. M. E. Canning, 0.0.8, (Chairman) presided; supper:
E. Canning, seconded by Mr. A, J, Welch, That the appointment of Mr. A.
Welch asa director of the com any be confirmed a. hat he: be re-elected a director of the company; proposed by Mr. 'P. Racbirn, seconded" by Mr: Leyland.
hat Messrs, Lowe, Bingham Matthews be re-elected auditors a remuneration of taels three Hundred including Straits audit; ted by Messrs. T. Hunter and A.
3. proposed by Mr, Welch (directors), Mr. A. H, Sam: seconded by Mr. H. E. McGowan. son representing." the secretaries, The Meeting closed with a vote of The Geddes Trading & Dairy Farm thanks to the Chair, proposed. by Ca, Ltd, and ths following share-Mr. A. Diercking. holders:—Messrs. P. D. Raeburn, A, Diereking, A.C. Leyland, Frank Ching, and H. 'E." MeGowen. The Alain Estates, Ltd. total holding represented, inclusive A. profit of "Tis, 14,222.97 was of, proxies, was 46,816 shares. reported at the 24th annual general The Chairman. said:—meeting of the Alma Estates, Ltd is with a feeling of pleasure held in the offices of Messrs, ible to place before you a Wattie & Cou Lid, secretaries, 16 sheet which shows a profit Ganton~ Road, "at" 430° p.m." on years. is due as you are all loss as in the past few Tuesday, Dec.'19, Mr, A. J. Welch, chairman, was supported by "Mr. aware to the. improvement. which E. Canning, diveetor, and Mr. has taken, place in the price of F. Shackleton, secretary. Shares suber and to the efforts of economy practised by the estate with the help presented Were 18040. said: of all those concerned. m=—The report and ac-'The accounts before you show counts having been in your hands profit of Tls. 17,111.85 and in this for the prescribed period T propose, annection 1 would impress upon yeo your permission, to follow the that it was practically only In the!
U'peactice and, to take them as ast three months of our financial read, year that we obtained the advan: The accounts now before you tages of the higher prices of rubber disclose a profit of Tls. 14,222.97 as. this improvement. only" com: which T think may be described as menced: to cine in May of this a very satisfactory result when one year I do not think our balance takes! into consideration the fact heat calls for any particular. com-that the average net price realised ment and I will now give you some itself, ies paid his usual inform regarding the estate For our product was only 2.31 pence er, pound.
This result has only been made annual vi has given possible by the exercise of th very satisfactory report." The estate strictest economy and by drastic is in good order throughout. and, reductions in ies, fees and although the rigid economies I wages, and I would like to take mentioned last year have been con-this "opportunity of thanking all tinued the general appearance has those concerned for the not suffered in any wi personal. sacrifices that they have The management throughout the uncomplainingly made in order. to yenr has been in the capable hands enable the company to weather the Of Mr. Roberton and, as. previously, crisis in the industry. hope that he was-ably assisted by Mr, Bar-the day is not now far distant when dour. We must, record our thanks: we shall be in a position to restore to these gentlemen for the part they. their respective emoluments toa have played in contributing to. the more normal. basi general improvement ly our position, At the end of the financial year must also thank our Straits agents: and out secretaries for the work there was a surplus of liquid assets amounting to Tis, 65,148.15 so that they have done and I would mention, after meeting all capital expendi-that they have continued. to. serve! ture our position has improved by reduced remuneration re-'Tis, 8,586.18 during the year. "ported The' undivided" profits now sto our Wilki {amount to Tls. 35,162.15 0 that aa inventment T Would gay that we, 1}/800n as the indi back lustry all of you who are' shaveholde1 that company, have construction scheme and a' debenture issue, Your directors do no propose that the Ayer Tawah Ao. should participate in' this ax wo} feel that we have a sufficient. hold ing in our 82,901 shares which will remain when the. distribution "to shareholders sanctioned at the. ex traordinary' general meeting hell Fast year has been completed.
Text read from the printed page and cleaned; old type leaves the occasional error.