would ike to dispel the impression that I understand some people hold that the money, which cannot be remitted is being taken away from the companies, for this 1s far from [being the case. Al that fs happening that the money is accumulating month by month in the Straits and so Hong as it cannot be remitted and disluibuled the intrinsic value of your shares is increasing by a similar sum Jmonthly. The companies will thus be in a very strong position financially and able to meet any slump that may occur after hostilities have ceased.
In conclusion, gentlemen, 1 should Like to express our best thanks to the two managers, and to their subordinfate staffs, to' the visiting agent and to the Agents in Penang for the very satisfactory manner in which they. have Tooked after the affairs of the somrany during the year under The following resolutions passed unanimously As regards Batu Dua Estate the trees on the 10 acres replanted in 1936 are reported to be developing well and, s0 far, they are free from diseases. It is proposed to replant a further 74 acres during 1981, The standard of tapping Is good with a freedom from wounding-and the rates of bark consumption and re~ newal are reported to be normal. The quality" of the smoked sheet wnanufactured is up to the recomized Singapore Standard and no. complaints have been received from Buyers. that the directors' report and state.
December at, 1010, 28. presented," be Sdopted and' passed. a Aoi welch and seconded by Me, That a tual dividend of 90 cents, per of 2 ria Mr. H. Kadoorie, 2
That Mr. A. J. Welch be re-elected Bie" company. - Proposed The labour force appears to be settled and the health of the coolies Done "ana seconded by
Text read from the printed page and cleaned; old type leaves the occasional error.