"Comments by "Financial News" and "Times"
Due to Smaller Rubber Output, Lower Prices The 29th annual general meeting of the Java Consolidated Rubber. Coffee Estates Ltd., was held yesterday at 49 Szechuen Road. Mr. A. J. Welch, chairman, presided, supported by Mr. R. N. Swann, director and Mr. W. A. Welch, representing Messrs. J. A. Wattie & Ca. Ltd., Secretaries and General Managers. Shares present and represented totalled 104.300. The chairman in his speech said The Working Account of the Java Company shows a: profit of £30,299.01 as compared with a profit last year of 192,529.65, This reduced profit is mainly due to the facts that the output of rubber was 403,887 Ibs. smaller and the average net selling price 11.65 Guilder cents per pound lower. After deducting £9,000.- for the agency fee paid to the Shanghai Company and providing 1.10,060,89 for the staff bonus for 1937 the Profit and Loss Account shows a credit balance of £.10,746.06 which added to the balance brought forward from last year has been dealt with as set forth in the directors' report.
Text read from the printed page and cleaned; old type leaves the occasional error.