In conclusion, gentlemen, we may reasonably expect this coming year to be a more prosperous one for the company. As I have mentioned, the slanderd assessment for 1997 for our estate has been considerably increased, and further, the average selling price for the financial year ended. October 31, 1996 was 2227 guilder cents per Ib. The price in London on February 18, 1057 for spot rubber was 10%d. or 394 guilder cents per Ihe Forward sales for the 12 months of 1997, to the extent of 8 tons per month, have been made, at Ola. per Wb. fio, Tandjongpoera, Sumatra. The proceeds of this sale will ap-Proximately cover all expenses on the estate. should ike to take this opportunily of conveying our very best thanks to Mr. Welch for his visit. to the estate and his personal report. Our thanks are also due to our Medan Agents, our visiting agents, estate manager and staff, for the satisfac ory manner in which they have administered the affairs of the estate during the year under' review.
There being no questions, the following resolutions were passe That the, report and presented be Tadepied cents ber, share Mcconded ty" Me. appointment of Mr. A. 3.
Rector of the company be inesennilng' seas! pro tuimbull and seconded by
Text read from the printed page and cleaned; old type leaves the occasional error.