$774,456.64; Final Dividend 30 ets, Per Share Shanghai, Mar. 26.
[pst 20th amuat general mesting of shareholders of the Chemor United Rubber Ca,, Lid., was held yesterday at 49 Szechuen Road. Mr, A. J. Welch, chairman, presided supported by Messrs. 1H. Kadoorie and L. E. Canning, directors. The working for the year resulte n a profit of $774,456.64, as against $263,732.15 last year, final di idend of 30 cents per share declared. Shares present and represented totalled 266,710.
Inas shown a decided, improvement.
The working for the year has re The total coolie population amounts sulted in a profit of Ch§714456.64 as {to 188 souls of whom 10% are work-compared with a prof last year of Jers, 7 females are dependents and Chinese $203,732.15.. This increase of there are 47 children. It may be of profit is alislbutable to the facts passing interest fo you to learn that That the output of rubber was greater the savings amongst the labour force by 00,170 Ibs, the average net price [deposited in the Post Oflee Savings received for our product' was nearly [Banke amounted at the end of the year 2.00 pence per pound higher and the {to S¢$2629 an increase of St$554 dur-Average rate of exchange was 14% ug the year, Straits cents to the Chinese dollar as The whole estate is now under a inst 23 cents last year. The estate routine weeding roster which cost 93 expenditure on revenue account w [cents per acre per month however, 48 of a penny per ]with 31 cents last year. The Increase entirely due to the higher wages that were pald. The gardens are re-Shanghai Office Expenses Jported to be clean and free from the Shanghai office expenses and Hatlang and other undesirable growths, alrectors? fees were Ch.$3,62043 more The new continuous sheeting bat-than those for the preceding year, tery and 3% LP. engine installed in owing to a temporary Exchange ad: 1038 continued to run satisfactorily.
Justment granted to the general managers on their fee but when expressed {in Straits dollars these fees for 1040 were less by Straits $099.05 than they were for 1999, [No further machinery was installed, All Buildings were given the neces sary upkeep and are reported to be In. good serviceable condition.
Capital Expenditure Remittances Capital expenditure during the year amounted to a told of Ch$69,070.9 Which covered the cost of planting eres of rubber on Chemor and Klebang Estates, and the upkeep of the previous reptantings on the same estates, also the purchase of two bulls and a typewriter, 'The capital expenditure in, 1941 ceslimated to be Straits $20,754 or say fat the present rate of' exchange
Text read from the printed page and cleaned; old type leaves the occasional error.