An extraordinary meeting of the sharon holders of the China Traders' Insurance Ca., Limited, was hold at the Camp office, Queen's-road, yesterday afternoon (8rd July). There were presont—Messrs. M. E. Sassoon (Chairman), L, Poesnecker, B.. Schmacker, J. Thurbuen (Directo:
Arnold, E. 0. Ray, F. D. Sassoon, M. B, Polishwalla, A. H. Chinoy, M. S. Silas, Leong Wing Cheong, A. S. Garit, Hon.
L. O'Malley (Counsel), and W. H. Ray (Gecretary).
The SECRETARY read the notice convening the meeting.
The Cmarrsax—Gentlemen, the object of the present m ug, a8 you have just heard stated in the advertisement which 1 read, is to confirm ial resolutions passed by the share.
at the extraordinary meeting held on the 12th Juno, The resolutions were then proposed serial tin and were carried nem. con—Duily "ress, the Louise two minutes and 44 seconds behind the time allowed as per Club rule. The Ariadne meanwhile, having no obstruction in the way, got off with a good lead, but she was soon overhauled and passed by the Fuiry. On entering Arsenal Reach, balloon jibs were set and boomed out; the breeze freshened, and the weather cleared.
the Arsenal, the Louise passed the Thistle, and in the next reach went by the Ariadne, but could not gain upon the Fairy until the seven mile reach was entered where the wind was ahead, whew she began to close with her, and both yachts rounded the stakeboat together at 4l, 08m. followed by the Thistle at 4h. 11m. and the Ariadne at 4h. 15m. 'The Louise soon passed the Fairy, but with a fair wind the latter dropped very slowly astern, and apparently had the race well in' hand on time allowance, In the Arsenal Reach, however, when several tacks were made, the Louise increased her lead, and aided
falling light, she won the race, the record by the. best of the tide, and the wind being'as follows Yachts, AME" Start, Finish, Elapsed Corrected time, time, mbm s kins haa Mina Piso ess <a 4s 42038 7 21055 643 57 4.38 02 426 87 7 212 0 64941 43741 4:32 41
Text read from the printed page and cleaned; old type leaves the occasional error.