Smith, representing Messrs. J. A. Wattie & Ca., Ltd., secretaries and general managers, Shares present and represented totalled 580,035.
Immediately. following the general meeting an extraordinary meeting was held for the purpose of making certain alterations in the Articles of Association. the chairman in his speech sai The accounts now before you show, Tam glad to say, a very milch larger profit than was the case last year, the prof for the period being Ch.sbts, '704,72 as compared with Ch$181,031,62 Fast year, The main factors that contributed towards this result were. Aivstly that the net proceeds received from the sales of rubber were 9,04 pence per poutid as compared with 71 pence per pound last year and, secondly the output of rubber was 190071 Ibs. greater, The estate expenditure on revenue account was however one eighth of a penny per pound greater, The lower rate of exchange at which the Straits dollars were converted into local currency also made a very appreciable differ= tence to the profit, when expressed in Chinese dolters,
Text read from the printed page and cleaned; old type leaves the occasional error.