Company Not es fT HE chairman, Mr. A. A. Estall, has
good elel_v5 or shareholders of Bekoh Consolidate) Rubber Estates in reporting a profit of , against £46,811 for the year ending March 31i 1960, which allows for £9,445 for replanting ° immature acres and £30,710 for taxation. Pruti°c. tion costs have; as was expected, risen, but board has a replanting scheme to replace all th.e old seedling areas with high-yielding stocks. 011 particularly satisfactory to note that the net Prcr coeds of the rubber crop were over £70,000 rrOre than the previous year's. Last year's dividend v11: 71 per cent.; this has been doubled at 15 Pe.D cent. for the year ending March 31, 1960. r- doubt the chairman will have something more 2o6 say at the annual general meeting on October 2 as to the company's future prospects. The 2st. ordinary shares at 2s. 41c1. x. d. yield 12.6 pere_...,ell".
The chairman, Mr. H. T. Karsten, of r Asiatic Rubber Estates is able to report a vet) satisfactory result to shareholders for the Yel ended March 31, 1960. The rise in the price rubber during the past year, in spite of nerca' costs, has reflected a net increase in rubber 53,1 totalling £587,898 against £444,035 for 1958''' Ample provision has been made for rc The dividend of 171 per cent. is fully justtftng ing from profits (after tax) of £124,636, excee01- the previous year's figure by £41,258. T" chairman rightly points out that he is a littl concerned about the competition from syntlietalc rubber, which, in the US, amounts to as much 70 per cent. of the total amount of rubber use" but in the UK only as much as 30 per cent. fu's if the price of the commodity rises above today: level, competition may be keen, but the comPari; should be well able to hold its own at today prices and continue to give a very good relur° shareholders. The 2s. ordinary shares at /s. 44' yield 14.8 per cent. Mr. A. C. Rye, the chairman and managilig, director of Claude Rye Limited, has the haPP', task of presenting shareholders with an ecellen; report, the first since the company eca roc
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public one last year. The company are distriv"' tors in London of motor cycles, motor sec)°ter.5 and bubble cars and recently acquired add tional showrooms in the Fulham Road and motor cycle business at Walthamstow. The Chair man points out that the subsidiary, C. R. Bear; c.. v ings Ltd., has in eight years grown into a important part of the business; in fact it 10 earned in the past year greater profits than thus': ouP.111,1i
earned by the other companies in the gt group net profit (after tax) for the year
June 30, 1960, was £59,817, from which a tola., dividend of 171 per cent. absorbing £16,614 being paid. Recent acquisitions will in a full yeao. further contribute to profits and in spite of IP restrictions the chairman believes that if il! present trend continues he will be justified 1° recommending a higher dividend next year. '111'' 2s. ordinary shares at 5s. 3d. yield 6.7 per con
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