In presenting the seventh annual accounts of the Tea Cargo Boat Company, the Directors have pleasure in pointing to an increased income, and a very small increase in expenditure.
New boats, four composite hard wood boats, have been built at a cost of Tls. 560 each, nearly double the price of a soft wood boat,—but the Directors anticipate a large annual saving in repairs, more than sufficient to pay interest on the increased cost. One boat been broken up, and two others ought to be similarly disposed of—whieh would leave 22 boats, all in good order.
There has been more than usual difficulty in obtaining competent firemen and engineers for the: launches.
Hveu F. Ramsay, Manager. Hankow, 2ad August, 1889.
Sundries, Police Boat.
Cost of 4 new hard"
wood cony 2,248.27 3,907.21
Balance Tls. 3,660.62
Hoon F. Ramsay, Manager. Hankow, 2nd August, 1889.
Text read from the printed page and cleaned; old type leaves the occasional error.