Lastly "we come to Panawangan Estate. Here also there was a short-of labour during the first 9 months of the year, This was due to the coolies working on the compulsory rebuilding of many village houses in order to comply with the plague prevention regulations and to a severe epidemic of malaria. At one time in the early part of the year 85 per cent, of the coolies were suffering from either malaria or dysent-
The weather for the greater pa of the y very misty with continual drizzling rains w was} very unfavourable for the ripening of the Coffee berries and the harvesting of the Crop.
An area of 6 acres of wasteland was cleared and planted up with first coffee seedlings, The gardens!
reported to be in very good condition and the growth and health of the trees all that can be desired Speaking generally conditions on all of the Estates are very satisfac-called for a further expenditure on apitol Account of some Ch.$200,000.
but in view of the changed @ntions in the industry as much as possible of this will be postponed, subject, of course, to the approv of the Government Inspectors, If you pass the recommendations forthe disposal of the balance standing to the credit of the Profit and Loss account of the Shanghai C pany, which I will propose later on, the Surplus assets of all the componies combined will amount to some Chinese $282,000.—, which is a very much more satisfactory position than that in which we commenced the year,
Text read from the printed page and cleaned; old type leaves the occasional error.