"The interest earned was nearly sufcient to pay all the expenses of management," eaid Mr. C, F. Shack-Teton, chairman, at the 27ui annual general meeting of shareholders of the Kroewoek Java Plantations, Ltd, held at 93 Canton Road on May 7 at 1145 am, The chairman was Supporled by Messrs, H. Kadoorie and RG. MacDonald, directors, and Mr. 'ALJ, Welch, secretary, while shares resent or represented (oralled 822,800.
The chairman. said The working account of the Neth-errands Indian company shows a. profit of Guilders 72,300.85 a3 compared with profit last year of Guilders 249640. This increased profit is mainly due to the fact that the average net price realized for our product, was 640 Guilder cents per pound higher than it was last year whilst the expendi ture en revenue account was 1.85 cents per pound lower, and in addi-fon the output of rubber was 8,3 Ths. greater, "The profit and loss account discloses a net profit of Guilders 59,010.38, which should really be Guilders 68, 010.38, "since the agency fee of Guilders 9,000 is, in effect, merely a transfer to the' Shanghai company and its equivalent in China dollars appears as a credit in the profit and Tess account of the Shanghai com-any.
The following resolutions were
Text read from the printed page and cleaned; old type leaves the occasional error.