We are still faced with considerable further expenditure on replanting and the upkeep of the areas lat have been already replanted and it is for this reason that your board recommend that such a substantial sum shall be carried forward in profit & loss account as it will obviate too heavy a charge for replanting being made against the profit for the current year.
Financially, the company is in a satisfactory position since if you pass ihe recommendations now made by your directors the company will star the new year with a surplus of liquid assets over cash liabilities of Ch.$153,000.
Turning now to planting matters the estate has, as usual, been kept in first class condition and all buildings and machinery have been given the necessary upkeep and are reported to be in a satisfactory state of repair. The drains throughout the estate have been cleaned out and deepened and are now in very good order.
Text read from the printed page and cleaned; old type leaves the occasional error.