NEW ZEALAND MALAY RUBBER COMPANY.

Otago Witness, Issue 3148, 15 July 1914, Page 4

NEW ZEALAND MALAY RUBBER COMPANY.

The following is a summary of a report issued by the New Zealand Malay Rubber Company:—

Reports from the estate, both from the manager and the visiting agent appointed by Mr Chapman, continue to bo satisfactory, and indicate that the company is in possession of a healthy and flourishing plantation. The last block of 80 acres reauired to complete the full area of 500 acres was partially planted when last advices left Kelantan, and with favourable weather- should have been completed ere now. Notwithstanding certain alarming, or at least disturbing, rumours, which have been industriously circulated to the detriment of the company, your directors have satisfied themselves, and are supported by competent and responsible authorites, that the moneys of the company have been judiciously spent, and that the cost of bringing the area into cultivation compares most favourably with that of- any of the surrounding estates. The directors are now the largest shareholders in the company and. therefore, the most deeply interested in its success, and for that reason, if for no other, shareholders may rely on the utmost economy being insisted upon by those in charge, and that nothing in their power will be left undone to bring the concern to a profitable issue. The assets of the company are set down as follows: —Lease at' Kelantan. £4000; Mercantile Bank of India (Ltd.). £B2; Hong Kong Shanghai Bank (Ltd.), £6_l9 4s; cash at Kelantan. £l3 16s lOd; Chinese labour account, £BOB 18s; check roll stock account, £ll4 18s lOd; sundry debtors at Kelantan, £34 9s lid; National Bank of New Zealand (Ltd.), £9BO 0s Id; preliminary expenses, £3BO 8s; development account, £11,219 11s; cash in transit (estate account), £264 5s sdtotal. £17,305 7s sd.