Sharp Exchanges Between Mr, L. Soyka and Chairman at Chemor Annual Meeting Shanghai, Apr. 15.
EVERAL sharp exchanges bet ween Mr. A. J. Welch, Chairman, and Mr, L, Soyka, a shareholder, occurred at the annual general meeting of shareholders of the Chemor United Rubber Ca., Ltd,, which was held yesterday. in the offices of the secretaries and general manage Messrs, J. A, Wattie & Ca., Ltd, after repeatedly being asked to sit down by the Chairman, Mr. Soyka continued to interrupt the meeting with protestations, adding that the re~ solutions could not be passed uni he had been granted a hearing. Supporting Mr. A. J, Welch were Mr. L. Canning (director), Mr. J. MeNeill (legal adviser) and Mr, W. A, Welch (representing the secretaries and general managers).
Total shares represented were 266,74, In his speech the Chairman said: The working for the year has resulted in a. profit of Eh. $36,298.08 fas compared with a profit lust year of "h, $200,802.61, This reduction of profit is attributable to the facts that the output of rubber was smaller by: 205127 "Ibs. and the average net price received for our product was ETS. pence per pound lower. The Estate expenditure on Revenue: Ace aunt was, on the other hand, 94 of a penny per pound higher.
"The Shanghai OMice expenses and Directors' fees were Eh, $1,653.34 less than these for the preceding year, which in_tarn were ess than thos Yor the previous year by Ch.$2,334.79, that the total saving in. Shangi tffected by the amalgamation has been tome Ch.$4,000, Capital expenditure during the amounted 10 a total of Chi ueo2 which covered the cost of re~ planting 10-aeres of rubber on Batu Dua Estate and 174 acres on Shanghat Klebang Estate, the upkeep of 7 acres fof immature Fubber on Bat Duly Estate and' 9. acres on Shanghai Klebang and the planting of 40 acres of reserve tand on Shanghai Klebang Estate, In addition a refrigerator was bought for the Manager's bungalow sri Chemor Estate and! an aluminium tonk, 03! LIP. of engine and a continuous sheeting battery were me stalled on Batu Dua Estate.
Text read from the printed page and cleaned; old type leaves the occasional error.