A loss of Tls. 2,848.01, as compared with a loss of Tls. 19,73588 for the Drevious year was reported at the eight annual general meeting of the Shanghai Kelantan Rubber Estates (1925), Lid, held in the offices of Messrs. Seth, Mancell "& MeLure Geeretarfes and general managers), No. 9 Avenue Edouard VII, at 11.30 am. on Friday. Mr. C. R. Burkill '"chairman) was supported by Messrs. 'A. McLure, C. F. Shackleton (direc tors), T. D. Drysdale (representing the secretaries and general _managers) and shareholders representing all 497500 shares.
The chairman said:
The working for the year resulted in a loss of CSS§3,98324, equivalent to Tls. 2248.01, as compared with loss for the preceding year of Tls. 19,735.88. This comparatively stus-~ factory result is entirely attributable to the fact that for the whole of 1982 the estate was on a "care and maintenance" basis, whereas from April. 1983, tapping was resumed and, with the gradual improvement in the price of the raw material, the receipts from sales have for several months ast exceeded the expenditure on Revenue Account.
'The actual Loss on working for the year was converted into a profit of 'C$8$6.50827 owing to the fact that directors' fees for the years 192% 1990, amounting in total to CSS$10.- 48081, were waived by them and credited to Profit & Loss Account. The company thus starts the new year with a debit in Profit & Loss Account of CSS#2,636.83, In accordance with the resolutions passed at the special meeting held Afler the annual meeting last_y" the issued capital of the company has now been increased to the full authorised amount of Ts. 140,000.00. fand we were thus enabled to pay off our Habilities and to commence the current year with a surplus of liquid assets amounting to CSS$28,000.00. regards estate matters, no change took place in the planted area during the year. The gardens were kept free from lallang and are under mixed cover of Centrosemo and Calopogonium which have the double effect of enriching. the sell and preventing the loss of it from wash.
Considerable trouble was exper! need during the year in keeping the Yabour force up to the requisite strength and -it) was consequently
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