A final dividend of 75 cents per share was declared at the 25th annual general meeting of the Sunget Duri Rubber Estate, Ltd, held in the Offices of Messrs. AR. Burkill Sons, sercoiories and general mani gers, 20 Canton Road, on Friday at hoon- Mr. W. B. O. Middleton, chairman, was supported by Mr. CE. Parsons, Mr, A. J. Welch, directors. and Mr, C.J: Smith, "secretary. 'Shares represented were' 10,120.
The chairman said:
As you will note from the report, jeany in the year under review, the Balance of 180 acres of the 1926/1627 plantings were taken into tapping, Taking the whole of the planted area of 1262 acres mature. During the year, negotiations were concluded for the surrender to the Government of 1242 acres of land unsuitable for rubber planting. The total area owned by the company is now 1,044 acres.
With the advent of restriction and the improvement in sale prices, more was spent on the general upkeep of the estate, and with the general increases in the cost of production, same was 3.76d. per Ib- as compared with the previous year, 274d. per th. Gespite the larger output harvested of 528,000 Ibs. against 482,723 Ibs. The necessity for economy, however, is. not being lost sight of, and a careful watch is being kept on all expend!- ture.
"The condition of the trees on the 1926/1927 plantings of 457 acres and the older mature areas of 805 acres reported to be satisfactory. With the inclusion of the young areas, 2 system of rotational resting was instituted to conserve the bark position the older mature areas. Diseases fand pests gave no cause for concern, and the health of the labour force was satisfactory throughout the year. Although the. position as regards tabour was dificult at the beginning. of the financial year, there Is now ample labour for all requirements. The estate was visited by our techni cal adviser, Mr, H. C. Pinching, whose reports have been entirely satisfactory, and our thanks are due to him, the estate manager and staff and Straits Agents for their good care of our property throughout the year.
The standard production of the Estate was fixed. at 625,070 Ibs. for 1934 and 670,770 Ibs. for 1035, which fg a fair assessment of the producing capacity of the Estate.
Turning to the accounts, owing to the higher average price realized, 5.764. per Ib. against 425d. per 1b. the previous year, the, profit for the year amounted to $6498.89, which added to the sum of $24,999.81 brought forward from previous year, makes a total of $90,492.50, Dividend of 40 cents per share, absorbing $16,000 was paid on June 14, last, and there is a balance at jeredit of Profit and Lees Account of '$7449250. The directors recommend the payment of a Final Dividend of 75 cents per share, absorbing $30,000, placing to General Reserve $15,000, Writing off various Assets $7,916.06, donating to British Forces Recreation Centres Fund $200, and carrying forward $2,276.44. I trust shareholders will approve of the directors' pro-following resolutions were Midaieten, sua seconded by INF.
"That the following recommendation 38 the appropriation of the balance at credit of Profit and Loss Account resented be_ accept To'Pay a Final Dividend of Seventy-five Standard Dollar director' of the company—Proposed by Me. Chun Wing-r1, and seconded by Mr. W. Bellon. by Mr. Chun Binge him, and seconded by Mr. Hf J. Clark.
Text read from the printed page and cleaned; old type leaves the occasional error.