LONDON ASIATIC RUBBER
Another rubber company which has come through the difficult conditions of 1938 is the London Asiatic Rubber and Produce Company, which comes from the same stable as Pataling. At the meeting on Monday Mr. H. J. Welch announced that they had also followed the policy of with- drawing from the market during the period when prices were especially depressed with satisfactory results. The dividend for the year is to per cent., against 121 per cent., and a further £to,000 is being added to Dividend Equalisation Reserve, whereas in 1937 a total of £5o,000 was added to various reserves. The company enjoys, he said, a capitali- sation per planted acre of only about £31 12s., and when allowance is made for surplus liquid assets a net cost per acre of £22 5s.
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