A dividend of $002 per share on the ordinary share capital was decier-fed at the annual general meeting of the Senawang Rubber Estates "Ca. (1921), Ltd,, held on Tuesday, May 7, a the' offices of Messrs. J. A. Wattle Ca, 93 Canton Road. Mr. A. J. Welch, chairman, was supported' by Mr. H. Kadoorie and Mr. LO. Canning, directors, and Mr, Cy F. Shackleton, secretary, Shares re-Presented amounted to $20,400. The chairman said:
The working for the year resulted profit of $80,398.12 as compared with a profit last year of only $9.- 610.08. This improvement is mainly attributable to the fact that their product realized 2% pence per pound more than it did. in the" previous year, but was assisted by the output being 7.700 Ib. greater The profit cabled them to, pay off all the arrears of preference divi Which amounted. to $22,78601 and there now remains for distribution the sum of $33,70227 which the directors recommend be dealt with fas set forth in their report.
Financially the company is in a very satisfactory position, as the Uquid assets on January' 31, 1935, exceeded the cash abilities As regards planting matters there was no change in the planted area during the year. Bracken and other rough growths are kept in hand but over the majority of the estate they have been defaltely eradicated With the improvement in the price or rubber many estates that had been sioned' down opened "up again with the result thet there' was. an all round shortage of labour and was impossible to avoid giving an increas the rates' of pay so to retain coolles, but, by the end of the your {very considerable number of cooler had come. in from India andthe situation "was much easier." Apart from an outbreak of measles and mumps in Januery the Health of the soolles wes good.
Buildings and machinery were repaired and repainted where nevetsary
lanks were. purchased, second hand, jon. Three aluminium. coogull arg reported the In god conde
ata cheap price 'The standard production for 1988 has been set at 750,39. 1b. which la fan. increase of 21,800 1b over. that {or 1995 The increase is due to the larger' allowance granted to. the areas owing {0 their Increasing Generally the estate is in a satis. factory state of upkeep and has not been "allowed to. suffer from. the enforced economies of the last few years.
In conclusion, the chairmen pressed thanks to Mr. Ryves, the manager, to the visiting agent and to the agents in Penang for the very 'eMicient manner in which they col-elaborated to bring the estate safely through the long period of depression. tion, "he hoped their worries and Now hat restriction Is in opera
anxieties were over.
There were no questions and the following resolutions assed:
'That the directors' report and states ment of accounts for the year ended Tanuary 31, 1098, as. presented, be, ied and passed, proposed by it. A Welen, and. seconded by dividend of two dollar cents per share be paid on the Ordinary 'Capital of the company, proposed by Mr, A. J. Welch, and seconded by Mr." B.' Canning That Mr, Ht. Kadoorie lected a director of the company: proposed. by es 3f'F, Chang, and seconded by Mr. See Houssung.
"Mat Hsieh Lowe, Bingham & Mate "That the dlrcclors be authorized. to donate the sum of $280 "towards the comforts "for the. foreign EEoope now, in) Shanghai-—Propowed By MrA. J. Welch, and seconded
Text read from the printed page and cleaned; old type leaves the occasional error.