The annual meeting of.the shareholders in the Compagnie clu Gaz was held on Monday afternoon at the offices of Messrs. Schénhard & Ca. There were present Messrs.R. Francis, Chairman, L. S. Little, R. de Malherbe, W. Saunders, ani J: Fournel, representing 908 votes. The Report and Accounts. were assed, and among tie other business, a dividend of 6% payable on 1st March was declared. Dr. Little was re-elected a Director for three years, and Messrs. H. Vinay and G. Lajeat were also re-elected auditors for 1888. A vote of thanks to the chairman and directors brought the proceedings to a close, The Report of the Fretich Gas Company for 1887 1s " satisfactory one. The consumption was 211,456 cubic metres, 202,838 cubic mrres in 1886; an he average cost of coal was only Tls. 3.45 a ton, against Tls. 3.60 a ton in the previous year. On the other hand, the leakage amounted to 9} per cent., agai per cent., in 186 ite tore leakage is attributed, toa great extent, to the Waterworks Company's pipes being Inid close to the gas pipes in several srvets The water pipes leak and cause the soil to subside; and this is followed by breakages in the gas pipes. There was a sensible improvement, however, towards the end of the year. The profits for the year were Tls. 9,413.69, of which Tls. 2,647.02 is written off for depreciation. Of the remainder, one-eight, or Tls. 845.38, is carried to reserve, raising that fund to Tls. 18,812.91; Tls. 2,760 has gone in the interim dividend of 54 per cent.; Tls. 3,000 is required to pay the dividend of 6 cent. now declared, and the balance, 170.80, is carried forward.
Bilan de la Compagnie clu Gaz de la Concession Frangaige an 31 Décembre 1887.
Usine soe 49,000.00 Appareiis en Location—Suivant Inventaire & ce jour 1), 1,000.00
6,951.38 jel en Reserve suivant Inventalre 4 ce jour (No. 3),. 2,931.28 Exploitation—Suivant Inventalre (No. 4) 249.60) Compte Immeubles 9,389.04 Hongkong and Shan Corp 8,161.56
Table, eu. 71,088.74
Tails. Capital. 50,000.00 Profits et Pertes 4,016.67 Fonds de Resérv 17,967.07
Taels, 1,983.74
Shanghai, lo 27 Janvier 1888. Vu et Vérifié pour année 1887.
te) Verifcadewrs dalégues, Derait, pv Comers pes Prorrrs er Peres, Dela Compagnie de ta. Conceasion Francaise, clu Jer Janvier an 31 Décembre 1887.
Acnr.
Taels, Bénéfice sur I'Exercice 1886 6,696.03 'Bénéfice sur' Exploitation 15,928.24 idem sur Appareils 316.22
166.80
434.93, 18,848. 25
Text read from the printed page and cleaned; old type leaves the occasional error.