During the year under review further 33 acres of old rubber were cut out and replanted with first class and the 46 acres replanted year were up kept at a total cost of Eh $16,43692. "During the current year it Is not proposed to replant any further area but' the estimated cost of upkeeping the area already replanted is St$3,189. As the Company has no reserve for replanting it will be necessary to provide for this expenditure out of profits, so that, in effect, whilst your dividends will be adversely affected during the next few years, the capital value of your property, on the other hand, is being steadily improved.
"The Standard Production Allow-' ance for 1939 has been provisionally assessed at 188,000 Ib, which is Increase of 13,060 1b,' as compared with that for 1928, The labour position was easy throughout the year and I'am pleased to be able to report that health conditions wore satis factory.
The gardens are reported to. be: free from lallang and other noxious growths and are under a cover of low indigenous bush growths which help.to retain the moisture in the soil and to improve its tilth.
'Root disease was present, as is the case on all old properties, and 151 trees were removed from' the gardens during the year from this cause.
Text read from the printed page and cleaned; old type leaves the occasional error.