The annual general meeting of the Alma Estates Ltd. was held yester~ day morning in the emees of the Secretaries and General Managers, Wallie & Ca, with Mr, A. J. Welch in the chair, supported by Messrs. L. E, Canning ard 1. Kax dearie, directors, and D. B, Levy, representing the' Secretaries. There were 19,102 shares represented. After the notice convening the meeting, had been read, the chairman said The Report and Accounts having een in your hands for several days Twill, with your permission, follow the usual custom and take them as read, that. & Final 'Dividend of Chinese Standard: Dollar Five per shafe be Proposed by' Me. Ao Wee.
cantied by Bir. L. B Canning i 'Shat the sim of Chinese Standard ours seven thousand be "donated to, hint ary War Contribution Fund, 'Proposed by 'Mr, (Anvd., Welch, and segentied. by' Mes LB" Cannings that ihe im of chincae Standard Sronosed by trons Sings, and sequnfed by" urs Gung Sra be er elected Auditors to the Company seconded by hr: Dong 'iF chang Satisfactory Profit The Accounts now before you disclose the very satisfactory profit of (Ch.835,710.06 as compared with a profit lost year of Chl00,35427. This Ineressed profit fs attributable partly to the. difference in the exchange rate, But in addition the output, of rubber was 200,762 Th, greater than that for last year, and the net proceeds received for our product were 2% pence per pound higher.
who expenditure on replanting a further 37 acres and the upkeep of the 200 aeres of rubber replanted 1986, 1937 and 1938 amounted to Sts 19,940.60 equivalent to Ch$ 91,473.18, which sum it is proposed to write off from Profit and Loss Account, There was no expenditure on Capltal Account during the year, Finanelally, the company is in a reasonably satisfactory position since, If you pats the recommendations now made by you Directors, the company will start the new fnanelal year with Surplus of Liquid Assels over Cash abilities amounting to Ch$ 556,
Text read from the printed page and cleaned; old type leaves the occasional error.