Incorporated 6th July, 1887. the Second General Meeting of the Share-Report ofthe Directors for presentation holders, to be held at the Office of the Agents, on Tuesday the 28th February 1888 at 4 p.m. Hongkong Ondinauces, on the 7th' July 1887, "The Company was incorporated, under the as a Company Limited by Shares, and the whole of the effects of the Shanghai Tug-Boat Association was transferred to the Shanghai Tug-Boat Company, Limited, on the Ist October 1887.
In accordance with the new Articles of Association the Company's year terminates on the 3ist December in lieu of the 31st March a formerly.
The Directors submit the audited Accounts of the Shanghai Tug-Boat Association from the Ist Ay 1887 to the 30th September 1887, and the Shanghai Tug-Boat Company, Limited, from the Ist October 1887 to the 3ist December 1887.
During the nine months Dividends have been pai ting 7 per cent, and Taels 7,073.15 has been written off the values of the Tag-Boats and Salvage Apparatas, The Superintendents' Reports on the condition of the Tugs Fuh-lo, Rocket, Foke-lin, Fairy and Samson, also the Salvage Apparatus, are satisfactory.
Resolution; at the first General Meeting, The Directors retire in accordance with the
and offer themselves for re-election, (Signed) RK. Fras Chairman,
Text read from the printed page and cleaned; old type leaves the occasional error.