The annual general meeting of the shareholders in the above-named There were present Messrs. F. H. Bell, MeLeod, A. C. Westall (Directors), Account had been credited to the Interest account, and the balance Tls. 639 was the J. Jaques, 'J. Buchanan, G. Galles, J.|balance remaining after deducting that Young, W. J. Clarke, C.'S. Sharp, J. credit. If there were no other questions Pardon, R. Francis, Davies, C. Dowdall, he would propose the firstresolutionnamely; and D.' Glass, representing in all 1,48 and circulated be adopted and passed.
That the Report and Accounts as printed al The notice calling the meeting having been read by Mr. Glass, The resolution was seconded by Mr. Bert The Cuatrsan said—The Report and and unanimously adopted.
Statement of Accounts have been in your seconded by Mr. R. Francis Tt was proposed by Mr. J. Bucnanan and hands for some days and with your permission we shall as customary take them as read.
That Messrs. F. H. Bell, A. McLeod, and The result of the year's working enables A.C, Westall, in conjunction with the Senior the Directors to recommend a final Divid-representative of Messrs, Jardine, Matheson end of Tls. 7 per share making with the Ca. be elected as Directors for the ensuing interim Dividend of Tls. 5 per share paid year. on the 2ist August last, a return of Tls. 12 seconded by Me J. BIN Youno snd unani-Proj Mr. Josep Jaques, and Carried unanimously. per share for the 12 months against Ts. 84 paid for 1887. The improved position of the shareholders in the Shanghai and mously adopted Hongkew Wharf Company under the re-That the Directors be authorised to pay newed working agreement of the Associated dividend at the rate of Tls. 7 (seven) per share Wharves accounts for this toacertainextent, to shareholders on the Register at this date. but apart from this the Company has par-Proposed Mr. O. S. Suaxr and seconded ticipated in the results of the improved by Mr. J. G. Purpox Import trade of the past year and I trust That Mr. Andrew Burman and Mr. C. J, the progress made in the way of a better return will be satisfactory to shareholders, Dudgeon be appointed Auditors for the en: although Lam conscious thatthe return does suing year. not represent a reentage upon what Carried nem. con.
T'muay call the capitalised value. of the The CHamamax—Gentlemen, so far as we Company's property. I do not think are concerned that finishes the business of there are many features in the acthe meeting. I thank you for your attend-counts to which it is necessary to alance. The dividend warrants will be issued ludo specially. The repairs amount to this evening.
Tls. 5,743.49 which includes renewal of The meeting then adjourned, the staging at the crane, repairs to staging at the upper end of the wharf, repairs to pontoons and new bridges &c. The pro-
Text read from the printed page and cleaned; old type leaves the occasional error.