The Archive · 1940

H. Kadoorie, directors and Mr

A. Welch representing J. A. Wattie

Ca. Ltd. the secretaries and general his speech said:—

The working for the year has recreased profit is attributable to the focis that the output of rubber was 61,600 Ibs. greater than last year and the average net price realized for our product was 236 pence per pound higher but on the other hand the estate expenditure on revenue account was one fifth of a penny per pound on higher.

This profit added to the balance of Ch.$1,004.06 brought forward from Terence Shares and the interim r, less the on dividend, leaves a divisible balance of Ch188,5287 which your directors recommend be dealt with as set forth in their Report.

Text read from the printed page and cleaned; old type leaves the occasional error.

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