The annual meeting of the Java Consolidated Rubber and Coffee Estates, Ltd., was held at 93 Canton Road yesterday. Mr. A. J. Welch presided, supported by Messrs Fu Siao En, H. Kadoorie, R. N. Swann, directors, and C. F. Shackleton, secretary. Holders of 111,000 shares were represented at the meeting.
The chairman in his speech said:—The Working Account of the Java company shows a profit of £.192. 529.65, towards which Kali Padang "state contributed [7143591 ana Soember Mas Estate f.115,093.74. Last year the profit in Working Account was only {50,957.41 Ircluded in the profit this year is the sum of 13838040 which was earned by the purchase of export rights to cover part of the amount of rubber proneed in excess of our export allow-nce and also by the sale of 221,- 549 lbs. of unlicensed rubber.
After deducting £9,000—for the fee paid to the Shanghii company and providing (24,260. ior Company Tax the Profit & Loss Account shows a credit balance of 156,154.44 which added to the balance brought forward from last year has been dealt with as set forth in the directors' report.
Text read from the printed page and cleaned; old type leaves the occasional error.