Increased Profits due to Better Prices and Sales The annual meeting of the Shanghai Kelantan Rubber Estates Ltd. was held on Friday, April 22 at 9 Avenue Edward VIL Mr. J. A. Turner presided, supported by Messrs. H. Kadoorie and W. Mellor directors. Holders of 264,283 shares were represented at the meeting.
The chairman in his speech said:
The profit for the year amounts to $70,103.96 as compared with $26,240.04 for the previous year. The large crease is due to the enhanced selling price of rubber which averaged Str. $32.09 during the year, as against Str. $2635 for 1936 and.also to the larger amount of rubber sold.
The output for the year was 294,165 Ibs. which shows an increase of 73,545 Ibs. over that of the previous year. The larger output is the result of the raising of the quota to 90 per cent. in the latter part of tne year.
Text read from the printed page and cleaned; old type leaves the occasional error.