In retrospection of the past year's working of the Company I would mention that our total crop harvested amounted to 511,154 lbs, of which 402,752 lbs. were sold in Sumatra, and 23,743 Ibs. of low grades in excess of our quota were destroyed, leaving an unsold balance of 84,659 Ibs, at the end of the financial year. Of this balance 868 Ibs. have been taken into the accounts at prices since realized, and 78676 lbs. at cost of production, and 5,115 lbs. Scrap were subsequently destroyed.
At our last annual meeting I informed you that the Standard Rubber Assessment for 1938 for our Estate had been fixed at 868,436 Ibs. subsequently raised to 872,204 Ibs. an increase of 24,057 lbs. over the final assessment for the year 1937. We have just received a telegram from our agents in Sumatra into: ing us that the standard rubber sessment for 1939 for our Estate has been fixed at 896,840 lbs, and an increase of 24,196 lbs. over 1938, which in my opinion is satisfactory, and it indicates that it is the opinion of the Government Assessment Committee that the Estate is progressing and has an increasing potential production.
Text read from the printed page and cleaned; old type leaves the occasional error.