Phe capital expenditure during the year" was very. large. amounting. in oral to: some Guilders 3082.70. and represents the cost. of the follow Tharoei Exten With regard to the Tjaroei Extension, the gardens were given. the necessary' upkeep and are. reported be in good condition. The trees over the whole estate are reported. to have a good healthy appearance.
The thinning out programme was continued during the year and supplying was done where necessary. Wild pigs, deer and monkeys again caused trouble and unfortunately the shooting of these pests has" been prohibited by the authorities so the only alternative' was to. employ Watchmen to frighten them away.
Most "of the buildings have been kept in good condition. and there Is now suiicient accommodation—10 house all the labour that is necessary when the estate is in full tapping. Tt will, however, shortly be necessary.
build a new house for the Assist-fant and a new Factory and Godown.
Speaking generally both. properties fare in rst class condition as far
certain amount of work to be dane in the, gardens go but there is till a the replacement of old "and dilspl In conclusion, gentlemen, 1 would like to express our very best thanks: 43) to the two managers and their stof, {o the visiting agent and to the agents In Java for the very great attention that they "have given to your prop: arties during the year. the heading of reclearings represents the cost of upkeeping the immature areas of teves on Goonoengsarie Estate and 188 acres on Tjaroel. Estat The somewhat heavy expenditure new buildings Covered the cost of the following new assistants house, a mandeer's house, a coolie house and a market shed.
Owing to the incidence of plague fin certain districts in Java the authorities are insistent that all the houses inhabited by coolies shall be made rat-proof.
'New machinery cost £1,05443 for which sum a 7 ICP. engine and an electric motor for the pump were required. Under the heading' of rolling stock a small new Flat car was acquired for the manager.
The amount of {1246287 spent under the heading of main roads is part of the cost of the new outlet road from Tjarocl Estate which should have the effect of largely reducing Wansport charges in the future.
estimate that the capital expenditure in 1940 will amount to about Guilders 45,000.—but_ you rest assured that no expenditure that not absolutely essential will incurred, and is much work as can possibly be postponed without detrlment 10 the estate will be put off Until times are more settled, Finanel regards the of. the company"
1929, the liquid. assets exceeded the cash abilities by Ch.$500-739-—but singe that date there "has been a further drop in the rate of exchange so that, at the present rate, the plus. of liquid assets on December 31, sow represents Ch.$820.535.—which will be redueed. to" Ch.$611,000—if you pass the dividend that will be recommended later on. Or in other words when the dividend was recommended it would have absorbed US.AS4.000.—more than it will do adopted. and passed. "Proposed by' att, 10, "bs "preterited" Ree Wweleh Sed Seconded by Zay and seconded Quincey' that. Messrs. 'Thomeon & Company. wot are' the. successors "to estate.
1 Told "and Sloe, be elec year ended December 1003, be Ghrish."Proposed by Rie, Quin Bund seconded by "bes nan Eth Asia Life Insurance Company Shanghai, May 10, The annual meeting of the stock: oldest! the Asia Life Insurance 1P'the Bund. "Tne mecting> was company sas Weld "yesterday
resided over by Int. CV." Sta Chairman "of the board," and there Wore. present or _represinied. stock: holders owning 27903 out of o total at 40000" shares "ianed and. ute 'The company's audited balance siiest and statement of profit and loss 2s" December, 88, were pre: Senied and considered afd' duly ape Proved." Directors elected for. ihe Current year are Bless. & V. Start, Mansieid Freeman, N: P. "Allman, Tsuyee Pei, W. A. Hale, and W.T.
Te turn now to pla matters 1 will dear with those of Goenoenssane Estate fist, "The supply of Tabour was ample throughout the year and the general health of the Coolies, I am glad to say. was sal 'The report of the company's board of directors on. the operations of the company during. 1990" as pres fented "by the chairman' and This is the 19th annual general meeting of the shareholders of our irdens did not suffer from any special outbreak of disease al~ though Stripey Canker was. some~ avalent and Oidium Leatfall The appropriate. reid the. trees reatinent. A heavy rainstorm on July' 10, inches of rain fell in a day, away a stone bridge did tittle damage.
'Alle gardens are reported. be free" from lallans and other noxious, growths and. are under a cover of creeping green legumninose 'The standard of tapping is. sutis= factory' and the rates "of Bark con sumption and renewal are" normal critical periods. We have had. more than the average nineteen-year-old company's share of unusual problems {o solve, but each in turn has been to season the company and its management.
Lessons learned in the past served tus "well in 1999. "Experience with helpful in solving such diiculties as faced the management company's during 1 year, When continued war in China and the
Text read from the printed page and cleaned; old type leaves the occasional error.