Financially the company is in a very unsatisfactory position since on December 31, 1938 the cash assets exceeding ths liquid liabilities by no more than Ch$i,943.88 but the Position is slowly improving with rubber selling at its present price.
Capital Expenditure during the current year is estimated to be St. $9.609.—of which St. §2.058,—wilt be Spent on the upkeep of the 96 acres that have already been replanted and $7,631.—on the preparation of 60 acres of Reserve Land for planting.
Text read from the printed page and cleaned; old type leaves the occasional error.