The annual general meeting of the Dominion Rubber Ca. Ltd., was held yesterday at 20 Canton Road, Mr. W. Mellor presided, supported by Messrs. E. E. Parsons and H. Martin Little, directors, Holders of 69,004 shares were represented at the meeting.
The chairman in his speech said:—The directors are very pleased to be able to place before you -what they consider to be a very favourable report, the profit for the year being some $88,000 in excess of that for 196, This increase is due to our having been able to sell at a higher average price over the year and the increased exportable quotas for 1937 as compared with 1936 enabled us to sell a larger quantity of rubber. Further, the increases in the quotas enabled the Estates to produce at an all-in cost lower than the previous year, this inspire of the rise in rates of pay for estate labour and all supplies,
Text read from the printed page and cleaned; old type leaves the occasional error.