The ordinary half-yearly meeting of the shareholders in the above Corporation was held at the City Hall on the 16th August. hero were present, Mr. LIH. Hoppius (Chairman), Hon, W. Keswick, D. Sassoon, E, R. Belilios, W. H. Forbes,.W. Reiners, B. Tobin, H, Cope, B, Sassoon, T. 0. Hayllar, M. B. Polishwalla, J. F. Mardfeldt, 1B. Cope, J. A. Mosely, W. R. Landstein, D. Mehta, D.—Munchajee, W. Wheeler, 'Hancock, A. Newton, cly, H. Z. Just, A! Wasserfull, J. Russell,' 0. P. Chater, B. Heart, Mackenzie, H.M. Bevis, J.T. Chater, 0. Murjorjee, H. Kingsmill, Merally, ©. 0. Cohen,. Mendel, St.
The'Muxaoxn having rend the notice Asgar, and 'T. Jackson (Manager.)
convening the meeting, The Cxtarmaan read the report and said—Gentlemen, the accounts are annexed to the report, which has been in your hanes some days, and with your permission I will take them'as read. Ihave much pleasure in placing before you such a satisfactory statement of accounts, showing a net profit for the half-year of nearly 7 per cent. You are aware that business has been very dull during the whole of the period under review, and the profits realized under such circumstances bear good testimony to the earning power of the bank. You will notice that the deposits are' steadily increasing, and at: no time since the formation of the bank have its affairs been more romperons than they are at present.—applause.) The old troublesome accounts have one by one been eliminated from the books, and I am glad to say that no new -ones of a similar nature have taken their place. A few months ago the bank n fiated on favorable terms a loan to Chinese Government, which it is intended shall be issued to the public during the present half-year, and we look for a fair profit on the operation.—(Applause). Gen-#emen, I will not detain you by any further remarks, but before proposing the adoption of the report and accounts I shall be happy to answer any questions which may be asked upon them.
Mr. Krxcswut made a few remarks, which were for the most part inaudible, but were understood to be expressive of his satisfaction with the report and accounts.
The Caamaax—TI have now the pleasure to move that the report as read be adopted and the accounts passed.
Mr. Knsosumu—I have very great pleasure in seconding that, and allow me to say one word in doing so, which is, that I do believe myself, and I think the shareholders generally agree with me, that the present board of directors possess what former boards had not, the confidence of the shareholders.—(Applause). Mr. Kingsmill was further understood to congratulate the Chairman on having made a speech in his own words, which former holders of that office had not done, but the speaker was again almost inaudible.
The motion was carried unanimously.
Hon. W. Kxswiox—Gentlemen, I beg to propose that Messrs, W. H. Forbes. and Reniers be elected directors of the bank.
Mr. Russext—I have much pleasure in seconding that.
The motion was carried unanimous:
The Cuamxax—Gentlomen, that is all the business before the meeting. I thank you for your attendance. The dividend warrants Will be ready to-morrow.
This terminated the meeting.
Text read from the printed page and cleaned; old type leaves the occasional error.