A profit of $44,120.13 from the past year's working was reported at the Atteenth annual general meeting of the Kota Bahroe Rubber Estates, (1921) Lid., held in the offices of Messrs, A."R, Burkill & Sons, Ltd.. secretaries and general managers, 20 Canton Road, at 11.30 am. on Friday. MMe. W, Mellor, chairman, was supported by Mr. C. M, Bain, Me.
Parsons, directors, "and Mr. C. J. Smith, secretary, Shares represented were 01,500.
The chairman said:
As more tappers became available on Kota Bahroe Estate, a further 76 eres of young rubber were taken into tapping during the year, making 1,144 acres producing on that division, and total mature arca of 1,831 for the three divisions.
"As you will note from the report, the Smoke House, plant, and machinery destroyed by fire were replaced by an up-to-date installation, and. this is now working very efficiently. More accommodation was needed on Kota Bahroe to house the tapers required for the newly opened areas, and an unused line on Canning Estate was dismantled and re-erected on Kota Bahroe Estat The condition of the trees on the older mature areas is reported to be falisfactory, although vacant patches occur through loss of trees caused by root disease which is inevitable in trees of their age. The yield from the young mature areas on Kota Bahroe is fully up to expectations the area Is a complete block of fine trees well developed. During the year further progress was made in Geaning up the estates, and they are now reported to be in good condition. Labour was ample for all require ments, The estates were visited by our -iechnical adviser, Mr. H.C. Pinching, whose reports have been satisfactory, and the directors desire {o take this opportunity of recording their appreciation of the good work done by the estate manager and staff. Our thanks are also due to the visiting lent and Straits agents for their ood care of our properties throughout the year.
The output for the year amounted to 648,500 Ibs. as against 659,340 Ibs. the previous year. Owing to the Increased expenditure on the upkeep of the estates, the cost of production worked out at 434d. per Ib. for the year under review compared with 3.044. per 1b, last year. The average selling price realized of 8.624. per Ib. however, was 1.54. per Ib. hi this resulted in a profit for the year's working of $44,120.13. With the sum $6,400.85" brought forward from previous year, the balance at credit of [Prof and Loss Account is $50,610.08 and the directors are pleased to be ble to recommend the payment of a dividend of five cents per share absorbing $23,000.20, placing to General Reserve $10,000, writing off Various assets $8,203.53, donating to British Forces Reerestion Centres Fund $250, "and carrying forward $0,007.23. The directors also recom mend the transfer of $4456.49 at credit of premium on issue of New Shares Account {9 Development Account.
'The estates' standard production was fixed at 620,734 Ibs, for 1935, which is a fair assessment of the producing capacity of the estates.
following assed: The resolution were!
Text read from the printed page and cleaned; old type leaves the occasional error.