The only other item in the profi loss account that perhaps needs title explanation is "Sale of New Planting Rights Eh. $3438.76." This represents the proceeds of the sale Jof planting rights for 76.1 acres which we were unable to utilize as we had of sufficient unplanted land that was plantable to absorb the full quantity' fof planting rights that were issued 0 us.
you will turn now to the balance sheet you will see that at the end fof the financial year the market value fof our investments was some Ch.$204,. /500—in excess of the book value. The expenditure under the heading of estate which last year was stigmatized yas a "derelict" estate. Far from being derelict, however, this much Jmaligned property earned the very Fespectable profit of Chinese dollars 100443, and this in a year of very' low prices and severely restricted out put, which all goes to show the utter futility of such uninformed and destructive criticism. No alteration the planted area took place during] ithe period under review, an average area of 1371 acres was tapped through-lout the year the rate of yield per acre er annum being 354 Ibs. The quality) lof the tapping is reported to be very Jz0od, the little wounding that was noticed being done by new and inexperienced tappers.
Text read from the printed page and cleaned; old type leaves the occasional error.