The following is the Report for presentation tothe Shareholders at the Fourth ing, to be held at the offic Agents, at 3 o'clock p.m. on any, the 17th March 1 General Agenta beg to submit to the Shareholders their Report on the Working of the Refiueries, together with a Statement of for the yer forking Account shows ® considorabio result greater owing to the Inrg and the jor during the last summer un-jocks buth of Raw and Refined close of the year the General jucceasful in working up almost took of Raw, and in holding only tity of Retined Sayer unsold. 1e0 of Profit and Loss Account, including $3,959.04 brought forward from Inat ar, after providing for the usual charges, nts to $142,324.71. An Interim Dividend been paid, on the 15th August last, per share, absorbing $30,000, has
18 proposed to appropriate the balance follows, viz A Second Dividend of $5 per Share payable on the 18th March, 1882 $30,000.00 To apply towards reduction of Property Account... 78,000 00 To write off Cost of Patonta.. 2,000.00 Leaving a Balanceto carry forward to next account of 5,324.71
$112,324.71 The General Agents, with the approval of the Consulting Committee, and with the ob-
Company, have closed the Wanchai Ssu House, Ten of the patent machines which in work there have been removed to Swatow, and the remainder have been tras ferred to East Point, A cor will be effected by this re-art Refineries, in the cost of superintendence aa we 8 in coolie and boat-hire, the result of which will, it is expected, be apparent in next year's accounts, and the val perty of the Company at Wanobai is made Rrailable for sale or for rental ax may be found the more advantageous to the Pap the Manager, Mr. Henry Dickie, went in September He haa visited the principal Refineries in the United States of America and Great Britain, with the view of ascertaining more especially if any labour-saving applier introduced into the Company's work: advantage; his report is looked for at an early date.
Property Account,—During the Year th balance of the purchase money for the Wau-100,000, has been paid with the sanction of fected in October cost of $10,250. The laud has water frontage and complete protection to the Company's rights to a stream of fresh water which towa through if, and from which the by Mess the latter acting for Mr. Edward Cope who temporarily absent from the Colony. Messrs, Arnold and Cope are recommended for re-election, Tanpine, MarHEsox & Ca., General Agents, Hongkong, 9th March.
Text read from the printed page and cleaned; old type leaves the occasional error.