A resolution that a final dividend of 40 dollar cents per share, making 1 total of 80 cents per share for the year, be paid was passed Chairman had given his Fe twenty-fifth annual gener of the Ziangbe Rubber Ca., on Monday, April 29.
The meeting was held in the lotees of the secretaries and general managers for the company, Messrs. SDA. Ware & Ca, Lid, 89 Canton Road.
"The Chairman, Mr. A. J. Welch, was supported by Sir Elly Kadoorie, and Mr. L. E. Canning, directors, and Mr. C. F. Shackleton, secretary. ' The number of shares represented totalled 2.500.
The Chairman said:—The Working Accounts of the two Dutch Companies combined show a profit for the year of £.133317.98 as ed_with a profit of only {411884 last year. Several factors have contributed towards this very salstactory result, Arstly the output sei of Rubber from the two old Estates was greater by sine 43,200 Ibs, Secondly the new Estate produced 20,368 Tos. and sold 92,422 Ibs. of Export Righ's and lastly the net price realized for ovr product was!
compared with 864 Guilder cents er pound last year.
The net profits transferred to the respective Balance Sheets total. £151,~ 267.64 but as N.V. Banjoemas Landen had to extinguish a debit balance of 156,880.10 brought forward from the previous year the net amount remaining available for distribution wa [9440754 which year Directors have dealt with as set forth ju the Report.
Financially the Company is in a ry strong position since on December" '31,1894, the liquid assets of the combined Companies exceeded the cash lat since then the income hi the expenditure by a substantial amount each month.
'As regards the Accounts of the 'Shanghai Company you will' have noticed from the Profit and Loss Acesunt that the Interest received from our Investments was more than sufficient to pay for all the Shanghat Expenses.
The balance transferred to the Balance Sheet, including the dividend received. from the Dutch Company, is $138,813.66 which when added to the balance brought forward from. last year makes a oral of $212,672.16 out which an Interir dividend was declared in September absorbing $100,000, and there now romaine the sum of $112,67216 which your Direc= {ors recommend be dealt with as set forth in their Report.
Turning to planting matters 1 will deal with those ut Bandoe Ardjo Estate frst, There was no change In the planted area during the year, In general the trees have a healthy appearance and the gardens are in 00d condition despite the rigid econ-amy that has been exercised for som? years 'Abnormal leaf-fall, due {o the incidence of Oidium, was' kept in check by sulphur dusting.
'The Coffee bushes interplanted. amongst the Rubber are making very satisfactory. progress and as soon the price of Cote Improves wil {osm 2 Vaunble besa syn to out high' Randard and the rates of Bark
Text read from the printed page and cleaned; old type leaves the occasional error.