Report for 1931, dated Rangoon, 22 January 1932. It covers the economic and political crises in Burma in 1931, during a depression in trade and the rise of rebel groups, and how these factors are impacting the company's passenger and freight services, dockyards, and other aspects of business. Signed W.T. Henry, Manager. The second group of papers, Schedule A - L, lay out the gross and net earnings and losses.