November 1, 1969 members. MVP /Factor Cost ratio was less than one only for labour input in the local variety, indicating the possibility of decreasing this input with advantage. By and large, all the inputs studied were used more efficiently by the high-yielding variety than by the local one, CONCLUSIONS The study was intended to compare the farming characteristics of adopters and non-adopters and the economic aspects of the local and high-yielding varieties, specifically of wheat, in Udaipur dis- FROM THE CHAIR THE following is the Speech delivered by Sri H G V Reddy, IAS, Chairman and Managing Director, The Mysore Paper Mills Limited, at the Thirty-fourth Annual General Meeting of the Company held at Bangalore on Monday, October 27, 1969: