'The labour position has improved, and" may be' considered generally Satisfactory, a sufficient. force being available forthe execution of the programme of work. 'The scheme 0 Indutee our contract labour to settle permanently on the Estate as. free tabour after the expiration of their contracts has proved quite effective. Forty families have now token up plots, and built their own houses with' material supplied by the Company. This obviates the necessity for the Company to repatriate them. The area covered by the settlement Approximately 10 acres, which we can well afford to provide Before concluding, 1 would like to ake this opportunity of thanking our Sumatra Agents, our Visiting Agent and Estale Manager and Staff for their good services during the year when, in addition to routine upkeep, all the problems in connection. with replanting have had to be attended to, necessitating a great deal of ad~ ditional work.
There being no questions the following resolutions were passed unanimously:—
'That the Directors' Report and stateent of "accounts For" the year ended Getober It, Midas ts" preterited, be WoitsMaciaul andi veeoned that the ba ice Of $O4NEOAT at exedlt of Profits and kaos Account be "dealt ware ott Bills White "out" Live" Se and Fur 200.00] place to General Reserve, ris ie samest oF tome' carry forward to ait aecodit A300
Text read from the printed page and cleaned; old type leaves the occasional error.