'The somewhat heavy expenditure of £18,05147 on new buildings cover-fed the cost of the following. A new factory on Pengocloeran division, and fon the 'Tjaroet Extension a market shed, two mandeers' houses, four-Toomed colle houses and 2, eight Yoomed oolie houses. On' Tjaroei Eslate the buildings required were a natural corollary to. the increasing itpuy. from the estate Owing 10 the incidence of plague in certain distriety in Java the horitley are. insistent "that all the houses inhabited by coolies shall made rate-proof, New machinery 550040 for which sum "an electric light plant and 9 continuous sheeting battery were installed in the Pengoeloeran factory. Under the heading furniture, live & rolling stock a new Chevrolet Jerry was acquired.
ig" estimated that the capital expenditure in 1939 Will amount. to about Guilders 57,100 but you may est assured that no expenditure that not absolutely essential will incurred, and as much work as. possible will be poste the tnancial position of the company on the December 3 Wey, the liquid assets exceeded. th feash liabilities by Eh, $158,961 whea will be reduced to Eh. $125496 if you pass the dividend that will be re: commended later on. To turn now planting matters: 1 will deal with those of Goenoengsarie Estate first The supply of labour was ample throughout the year and the general health of the coolies, 1 an glad to WS. was satisfactory.
Text read from the printed page and cleaned; old type leaves the occasional error.