Affairs Reported; All Estates Improved The annual general meeting of the Rubber Trust Ltd. was held yesterday at the offices of the secretaries and general managers, J. A. Wattle & Ca. Ltd, Mr. L. E Canning (Chairman) presiding, supported by Messrs. R. N.
Swann and A. J. Welch (directors) and W. A. Welch (representing the secretaries and general managers). Total shares represented were 494,221.
The Chairman, in his speech, said:
The profit for the year amounts to the very satisfactory sum of Eh. $329,- 745.98 as compared with a profit for the previous year of Eh. $444,623.57 a as this latter figure included $60,000 representing part of the it realized on the sale of shares, the profit for last year, for compara-should be taken as This profit is made up as follows:—
Profit earned by Rubber Interest Dividends Estates. $324,713.22 and mmfanstot feo" ana" Sundry 24,085.88 fees Receipts 5,044.21
Legs: Shanghai Expenses and Bonus to Estate Managers and Staffs... 5 24,007.35
$329,745, You will have noticed from the profit & loss account that Taiping! estate appears to have made a loss of St. $1,959.21 but the reason for this is that this estate was out of tapping for several months during the year and transferred part of its export: rights to Bukit Sembilan estate. It was accordingly only credited with the market value of the export rights and Bukit Sembilan estate produced the rubber and made the profit. Had Taiping estate produced the physical rubber it would probably have made a profit of some St. $4,000 instead of the before-mentioned loss. You will see from their report the manner in which your directors recommend that this profit shafi be dealt with.
Text read from the printed page and cleaned; old type leaves the occasional error.