General. At an Extraordinary General Meeting of Shareholders held on the 27th November, 1911, a resolution was passed empowering the Directors to sell the Company's property to a new Company to be formed in London for £229,515 in Shares and £10,485 in cash. Your Directors have now to report that the new Company under the name of the Nordanal (Johore) Rubber Estates, Ltd., has been successfully floated and took over your Estate on 1st January last. There only remains therefore to liquidate the present Company and distribute the assets and notices convening an Extraordinary General Meeting to pass the required resolution accompany this report. Directors.-Messrs. D. T. Boyd and F. E. Jago retired from the Board on leaving for Europe, and the Board now consists of Messrs. W. D. Fisher (Chairman), V. A. Flower and V. Gibbons. In accordance with the Articles of Association Mr. V. A. Flower retires, and being eligible offers himself for re-election. Auditors.-Messrs. Derrick and Co. offer themselves for re-election. W. D. FISHER, Chairman. PROFIT and Loss ACCOUNT for the year ended 31st December, 1911. To Cost of Tapping and Treatment of Rubber and of Weeding and Maintaining the Producing Directors' and Secretaries' Salaries, Office Rent Depreciation : Buildings and Furniture 10 per cent. Plant 10 per cent. Light Railway 10 per cent. 19,688 31 In Transit and in Store at 31st December, 1911 10.540 lbs. since sold per Account Sales 42,784 lbs. since sold per tele graphed advices 80,435 40 32,157 lbs. valued at $1.50 per lb.. 48,235 50 ,, Transfer Fees.. $520,310 92 We have examined the above Balance Sheet and Profit and Loss Account with the Books, Vouchers and the Manager's Accounts from the Estate and certify them to be correct and properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs at the date thereof. DERRICK & Co., Singapore, 4th March, 1912. Auditors. W. D. FISHER, V. A. FLOWER, F. W. BARKER & CO., Secretaries. ANNEX 12. Extract from" A Report upon Agriculture in the Federated Malay States," by John C. Willis. Kuala Lumpur. Printed at the F.M.S. Government Printing Office, 1905. Paragraph 248.-Tobacco. THERE is but little cultivation of this plant in the Peninsula. Sumatra, one of the most important tobaccogrowing countries of the world, lies just across the Straits, but soil and rainfall distribution are so different there as to render it unlikely that this industry would have any chance of similar success in the Peninsula. |