Shanghai, June 12.
GREATLY increased profit of C$566,400.80 for the year, brought about by increased output of rubber and better prices, was disclosed at the annual general meeting of the Tebong Rubber Estate, Ltd,, held yesterday at 49 Szechuen Road, when a final dividend of nine cents per share, making a total of twelve cents. per share for the year was declared, Mr. A. J. Welch, chairman, presided, supported by Messrs. M. Kadoorie, R. N. Swann, directors and Mr, W. A. Welch representing J. A. Wattie & Ca., Ltd secre~ taries and general managers.
Shares present and represented were 2,046,501.
The chairman in his speech said:—Before proceeding with the formal business of this meeting I feel that T should refer briefly to two sad events, affecting the running of this estate, that have taken place during the last eight months, Firstly, Mr. Donald Gilchrist, who had been manager of the estate for the short period of only a little over three years, died suddenly in Capetown on October 2 on his way back to Malaya after his home leave. Although Mr. Gilehtist had not been manager of Tebong for a very long period, he had been connected with Shanghai rubber companies for well over 20 ears and had always carried out his rities with ability and to the entire satisfaction of his directors. He was Well known to. many people in Shanghai, having spent several periods of his short leave in paying visits to this Port.
The 108s of his services is a great blow to this company and his cessor, Mr. Ridgewell, who has also been connected with Shanghai com-antes for a large number of years, will have a diMeult take in maintaine ing the high standard of efciency set him by Mr. Gilchrist The second calamity to which have to refer is the tragic death in an aeroplane crash on May 3 last, of Mr, H. C. Pinching, our technical adviser, Mr. Pinching was also well known to many people in Shanghai, having paid us frequent visits to discuss "the affairs of the various est 8 for which he acted as technical adviser.
He was responsible for the planting polly of very nearly all of thi Shanghai rubber estates and his sudden death. will leave 'a vold that it will be very dimeult for us to fil.
Tam sure that you will join with ein expressing to, Mrs. Pinching and to the other relatives of both these entlomen our keen sense of personal loss and our deepest. sympathy with them in their sorrow Drought about by these tragic and unexpected events.
Text read from the printed page and cleaned; old type leaves the occasional error.