Shanghai, Dee. 29.
The twenty-ninth annual genera meeting of shareholders of the Ayer Tawah Rubber Plantation Ca. Ltd,, was held yesterday in the offices of the secretaries, 61, Yuen Ming Yuen Road, Mr. L E. Canning, OBE. (Chairman) presided, supported by Mr. A.J, Welch (Dirgctor), Mr, F. H. Artindale, "representing the secre taries, and the following shareholders:—Messrs. L, Soyka, F. Ching and D. C. Kwel, The total holding re~ Presented, inclusive of proxies, was 115824. shares, The Chairman's speech was as follows:—The working for the past year has resulted in a profit of Chsil2,20292 compared with a profit for the previous year of ''Ch.$233,604.43, which, in ihe circumstances, may, 1 think, be considered satisfactory. This "decrease in prof is mainly attributable to the fact that, the average net price realized for our product was only 2264 Straits cents per pound as compared with 82.49 Straits cents per pound lost year.
Out of this profit two interim dividends, of 5 cents each, have been pald and your board now recommends that a final dividend of 15 cents per share, making a total of 25 cents per share for the year, be Paid. It is further recommended that the sum of Ch.$16,770.12, repre senting the cost of replanting 21 acres, preparing 15 access for replant-jing and "upkeeping the 104 acres replanted in 1936 and 1997, shall. be written off out of Profits. "This will eave tis with the sum of Ch.$44,945.99 profit' & loss account to carry forward to the next account.
Text read from the printed page and cleaned; old type leaves the occasional error.