We are still faced with conside ble further expenditure on replanting and the upkeep of the areas that have been already replanted and it Is for this reason that your Voard recommend that such substantial sum shall be carried forward in profit & loss account as. will obviate too heavy a charge for replanting being made against the profit for the current year, Financially, the company is ina satisfactory position since if you pass the recommendations now made by your directors the company will Start the new year with a surplus liquid assets over cash liabilities Ch.$159,000, Turning now to planting matters the estate tas, as usual, been kept in frst class condition and all bulld-ings and machinery have been given the necessary upkeep and are reported to be in a satisfactory state of repair. The drains throughout the estate have been cleaned out and deepened and are now in very good order,
Text read from the printed page and cleaned; old type leaves the occasional error.