FINANCIAL NOTES
Sedenak Rubber Estates have been fortunate in obtaining increased standard assessments for their rubber just at the time when the exportable quota was low. During the past year, when the average quota fell from So per cent. to 621 per cent., the assessment was increased by 346,000 lbs. Mr. P. C. Turnbull, presiding at yesterday's meeting, explained that that increase had not relieved the company from the necessity of harvesting a smaller crop and of building up stocks on the estate. But he announced that for 1939 the standard assess- ment had been increased by 560,000 lbs., and that with even a small increase over the present 5o per cent. exportable allow- ance, the year's crop should not be less than the 1938 figure. He felt himself unable to give any estimate of the year's working beyond saying that there was no reason to think that the 1938 level of costs would be exceeded.
J. D. M.
Previous page
