The exportable quota for the year averaged 55 per cent. of Standard Production, and this enforced low crop naturally had its effect on our cost of production. Economies, wherever possible, were effected and an average cost of 16.60 Str. cents per 1b., compared with 16.31 Str. cts. per 1b. for 1937 can, I think, be consider-
2d satisfactory.
The price of rubber for the greater part of the year was on a very low level and our sales for the year, totalling 404,506 Ibs. realized an average price of only 21.13 cents per Ib. against 31.19 cents per Ib. for the 642,943 Ibs. sold in 193:
Details of the provisional assessment for 1939 are given in the report, from which you will see a small increase has been received for Hen-dra, The assessment of Dominion is unchanged, which makes the total for the two Estates 770,700 Ibs.
Text read from the printed page and cleaned; old type leaves the occasional error.