The annual general meeting of shareholders in the China Coast Steam Navigation Company was held on Thursday afternoon at the offices of the general agents, Messrs. Jardine, Matheson &Co. Mr.J.J. Keswick, Chairman of the Board of Directors, and the senior representative of Messrs, Jardine, Matheson & Ca. now in Shanghai, occupied the Ohair, and there were present Messrs. F. G. White, A. J. How, J. Wilson Directors), R. W. Litto, J. Buchanan P, Hunter, representing 4,928 share: out of a total of 5,000.
The Cuanuran said,—Gontlemen, Ihave no doubt you will permit me to consider the report, which has been in your hands for some time, to be taken as read. Tu present ing the report to the shareholders, the Directors have pleasure in being able to say that it may be on the whole regarded tory. There appears to be nothing in connection with the business of the Company upon which I need speci comment, The rs are all i excellent repair, and the sum we have written off their value in the Company's books will doubtless meet with the hearty approval of shareholders. It is a source of much satisfaction to' the Directors to be able specially to remark upon the absence of all casualties to the fleet, and I particularly desire to record the general agents' satisfaction with the efficient the captains, officers and engi 'The recent careful conduct exhibited under the trying navigation in the ice speaks very highly for their prudence and watchful caro of the owners' interests shown by the officers referred to. I think, gentlemen, there is nothing else that occurs to me as being necessary to say, but I shall be very glad to answer any question which any shareholder present may feel desirous ask After a pause, the Omararan said as there did not appear to be any questions to be put to the Chair, he begged to Propose—That the report and accounts of the Com: pany for the year ending Slat, December, 890, a printed and circulated, be accepted and passed, Mr, Iarriz—I have much pleasure in seconding that proposition, The motion was unanimously adopted.
The Directors, in submitting to the sliareholders the annual statement of the company's accounts for 1880, have pleasure in announc ing satisfactory result of the year's working.
After deducting the in im dividend of 3 per cent,=Tls. 15,000, paid on the 11th August, and crediting reserve fund interest at G per cent. per annum, the pro! and loss account, including the balanes from last year, shows at credi Tle. 106,474.04, which it should be disposed of by appropria depreciation in steamer property Pls, $5,000.00 er cent, Carrying forward a balance to mevt cost of repairs to steame incurred and contingent to let Dee. and the outlay incidental to the usual overhaul... 31,474,045 The present Directors and Auditors now ro lire, as provided for in the Deed of Settlement, but offer themselves for re-election, Jarprxe, Marneson & Ca., General Agents, C.C.8.N. Ca, Stareqest oF Accousrs ror zHe Yen zxprp Sist Decesinee, 1850.
Paorir asp Loss Acoust.
Dr.
Text read from the printed page and cleaned; old type leaves the occasional error.