1 think that I should tell you that fan offer has recently been received from the Rubber Trust, Limited to lake over this company as a going concern by an exchange of share This proposal Is now under considera tion by your board and a circular lotter setting forth the terms of the offer will be sent to you in the near fulure. Thereafter an extraordinary meeting will be convened at which you can decide whether or not you will accept the offer, Your directors have adopted this procedure rather than to have Kept you waiting for your dividend until such time as the ordinary and extraordinary general meetings could have been held on the same day.
conclusion, gentlemen, our thanks are due to the manager, the visiting agent and the agents in the Straits for the very eMictent manner in which they have administered the affairs of the estate, The following resolutions were carried unanimously:—
'That the directors' report and statement of "recounts for the year ended The labour position was easy. throughout the year and T am pleased to. be able to report that health con~ ditions Were satisfactory. A dresser was engaged as from September 1, 1040, "under instructions from the Government Health Ofice.
"The gardens are reported to be free from "lallang and other noxious growths and are under a cover of low indigenous bush growths which help to retain the moisture in the sell. Root disease was present, as is the case on all old properties, and 267 trees were removed from the gardens during the year from this cause.
Text read from the printed page and cleaned; old type leaves the occasional error.