Sharp changes at Annual Meeting Mr. L. Soyka Called to Order Moy 1 domed rubber was ut out amd nan, ander. Th recurred atthe. ain with budgratted seedlings. is low lying and subject cal Novding Dut the soil ocd and offerly are going made 29 which was" held andy. in the flees of the seeve~ sai general maneyers, Messrs.
Wattie & Ca, Ltd. Supporting Kir. A, J. Welch were Mr. TU. 'Swann' (director), Me. J." MeNeili lead adviser), sind Mr AL WA. Welch "representing the secretaries and general managers), Total shares: Fepresented at the meeting were 11150.
Jh his speech the Chairman said, 'The accounts of the Java Company show. a prot of guilders 42,433.70 but ax this Is afler crediting. the Shanghai company' with Guilders. 8,000" for agency fee. the profit. was actually Guilders $1,431.70" as compared with a prot of Guilders 252,- '5080 last year. 'This decrease in profit. is mainly' attributable to the fet that the "average net price realized for our product was only 16.20 guilder cents per pound as compared with 29.74 guilder cents per Pound ast year, whilst the output of rubber wis, smaller by 512,700 Tbs, and the estate expenditure on revenue account was 2.07 guilder cents per pound higher. 'The standard pro-Suction assessment remains at 1640. 726 Ths. as the allowance for "1939 Jhas_ not been fixed yet "The capital expenditure during the year was very" large amounting in Total "to. some Guilders 40,099.91 or' at the rate of exchange Filing when "ese recounts were cle up the equivalent of Eh, $131. 200. This heavy expenditure has, 3 1 will explain. ater, very adversely effected the tnount that your aires tors. feo) justified in recommending shall be distributed in the form of dividend The details of this expenditure are Ba where necessary. aid olden paths and bridges were up bert or renewed. The trees over the whole estate are retortd 10 nace good healthy appearance.
The thinning out programme was: continued during the year. and 6,000 of the worst trees were Yemoved {0 the material benefit of the remainder. Witd pigs, deer and monkeys again caused {rouble and unfortunately the shooting of these pests has been prom hibited by the authorities so the only Jalternative was to employ watchmen to frighten them away.
'AIL buildings have been kept good condition and there is now suficient accommodation to house all the Tabour that is necessary when the estate is in full tapping. "Tt will how-lever shortly be necessary to build a new house for the manager.
Speaking, generally both properties are in first class condition as far as the gardens go. Sut there is. still a certain amount of work to be done in the replacement of old and delable dated buildings. In conclusion, gon-Hemen, 1 would ike to express Our very best thanks to the two managers Jand their staffs, to the visiting agent and 10 the agents in Java for the very great attention that they have given your properties during the year.
"Out of Order'
Following the Chairman's speech Jan his proposal that the report and accounts be adopted Mr. Soyka stated "Ay requested. in my letter of May 9 T shall be obliged if you will give Jao details of items under the heading, of general expenditure and rubber expenditure." In reply Me. Welch said that as Mr. Soyka was asking a question "about che Dutch company not affect the meet The money spent under the heading of reselearings "represents the cost of upkeeping the Immature area, the nurseries and of clearing on area for replanting in 1930 the total area dealt with was 254 acres,
Text read from the printed page and cleaned; old type leaves the occasional error.