The working of the two Straits companies resulted in a' profit. of St, "$56,338 representing Chinese $107300 "os against St. $33,474 and Chinese $154,105 last year. Unfortu nately the Java Estates again show small. loss, a8 considerable oxonditure was necessary on the areas damaged by fire and flood, and this hit'the estates heavily ay of course standard production was given on these areas which required almost Now. that the guilder, the price of rubber has risen In terms of guilders and a surplus being shown, T would remind you that the estate books close at August 41, 0. that only two months of the Inerensed allowance of 05 por cent. ly" Included. "The estates "are not being tapped as satisfactory. prices arg being obtained for "rights."
As regards the footnote, this refers two temporary loans against security to an oxedirector, both of which were repaid prior to the close of the ancial year, but some has fo be referred to in the. balance sheet In accordance with the Hong "The profit oh exchange has this year not been taken into the prof and toss account, whilst interest. re~ cived was less" and increased dividendls on investments did not quite make. up the difference, Last year the directors voluntarily agreed to waive half their fees and this year, although the full foes ax slated the articles are included In the accounts, your board have decided lo waive the difference, tween taels and dollars and yo draw $4,000 only. The reduction wilt oppear in the next annual accounts, revolution will be put before this meeting fixing the fees at $1,000 euch for future years.
Dividend er Share The amount. available for distribution is $116,414.17 and your board recommend the payment of 15 dollar cents per share, and the writing down fof various estate assets to nominal "AS Fegards planting matters, both estates in the Stralls have bren kept satisfactory condition and upkeep costs show a very Inrge decrease. Taiping Estate fe sull out of tapping and its quota lo produced on Bukit Sembilan. The latter estate reflects the upkeep given lost year and fount. of Increased crops. certain areas had to be taken out of the tapping rounds, notwithstanding the use of the Taiping quota. The labour position and health conditions have Improved and the Estate is capable of producing 100 per cent. above the present year's crop, but as. receives the maximum allowance, 1 may not do 0. Taiping Estate continues on a care and. maintenance Vasls and although the estate good order and the trees continue fo benefit {rom the rest the rate of Clarke renewal is stil) stow.
"The. Java Estates are all necessary up-keep, and is probable "that same will be brought Into (apping again during the next year. In the next accounts similar particu: lars will be given as those at present shown for the Malayan Estates,
Text read from the printed page and cleaned; old type leaves the occasional error.