MALAY RUBBER

Evening Post, Volume CXX, Issue 142, 12 December 1935, Page 14

MALAY RUBBER

INCREASE IN PROFITS

The New Zealand Malay Rubber Co., Ltd., Oamaru, reports the net income from the estate in New' Zealand currency at £2081 Bs,'after allowing £150 8s 9d for depreciation on buildings and plant. To this has to. be added £25 12s 6d interest frorii investments, mak> ing a gross income for the year of £2107 0s 6d, from;.which must be deducted .administration expenses and provision for income tax, £225 4s 7d,. leaving a net profit for the year of £1881 15s lid, as compared with;"£l44 14s 5d for the previous year. f ■ The output was- 237.,0001b ;of all grades of rubber.^ The all-in cost* of production was 3.98 d per lb, while an average price of 5.60 d per lb f.o.b. Singapore was obtained. " The international regulation, scheme is working satisfactorily, although, owing to the large accumulation of world stocks before th* scheme came into operation,' the price of rubber has not. yet reached a satisfactory level," state the directors _ Messrs. Thomas -;Watson and R. X Ireland retire by rotation from the directorate, but offer themselves for re-election. Mr. D. V. G. Smith Fi' P"^ N'?-' auditor." also retires and is elegible for reappointment.