The annual general meeting of the shareholders in this Company was held on day afternoon at the offices of Messr Drysdale, Ringer & Ca., the Secretaries, Phere were present Messrs. A. Myburgh {in the Chaie), J, Simpson and G., Galles, directors, W. Watsov, E. T. Holwill, White, A. F, Thompson, 'T. J. Waters, H. Hunter, Maitland, A. C. Cook, M. Cook, D. Jones, 'T. Pemberton, A. Thur-burn, H. Sylva, Captain Batten, Wood (Secretary) and others.
Mr. Sutesox—I beg to propose that Mr, Myburgh take the chair.
Mr, Gatbes—I beg to second that.
Mr. Myavxou took the chair accordingly.
Phe Secretary read the notice calling the meeting.
The following statement had been circulated among the shareholders Th of the Comany ehall be held on or be March, 1885.
The Directors, how: regret that they e unable, in consequence of the and vouchers sent by Mr. Ws the Shareholders clos accounts ear 1884, It will therefore be ne ary for them to propo adjourned until such the particulars req make up to accounts. Thei submitted to Shareholder till the accounts can Taxes Snursox, Chairman.
Cuammax—Gentlemen, you have read the notice which has been sent to you in lieu of the report which ought to have been handed to you. As stated in that neties some of the accounts and vouchers have apparently mischa ud the plans which Mr. Waters mentions his report have also miscarried. As the a nual meeting has to be held before the 5 month, the Directors thought all the meeting and simply are holders to adjourn it until such time as they can get the necessary accounts and vouchers from MIr. Waters, 80 as to enable them to the usual accounts, At the same ti have circulated among you Mr. Waters's report, which I have no doubt you have all read. I do not see what I can say more. T shall be glad t Sir. Waters has written to his brother here the plane which he had not time to mak but the plans have not arrived, and we cannot imagine where they have got to.
Mr. Warens—My brother said he had sent the plans, and asked me to make these additions; but they have not turned up ets they will probably arrive by next mail a have received a telegram from Br. Ringer im private code to the following effect: 'Full winter force is still at work and there are——tons of first-class ore in ore-house. The win'er has boon favourable, and it is thought the roads sill open early.' I have not been able to visit the mine, but have seen Porter, who reports favourable progress, especially with regard to contract tunnel." It would appear from that, that Mr. Ringer has found every thing satisfactory; otherwise he would have telegraphed to I should mention that Mr. F. W. Galles has left Shanghai and we fe appointed Mr. G. Galles to act as Director in his place until another director is appointed by the shareholders a8 to have three directors, as provide by the Dood of Settlement, 'I beg to pro-financial accounts for the year 1884, The motion was seconded by Mr, Sur. sox and carried unanimously.
The CuarrmaN—Before we separate, gentlemen, I have been thinking that would be desirable. though of course it will entail an additional expense—that some one from Shanghai should be sent over to the mine to keep our accounts. I only suggest that, Mr. D. Jonzs suggested that the matter should be left over till the shareholders had th accounts before them, Their ex-were apparently pretty heavy al-er to a question, taid if the suggestion were carried out, the son sent would probably take the posltion of Assistant Secretary, or something like that, Mr, Waters had as much as he could possibly do in attending to the working of the mine; he had no time to attend to the accounts, Mr. Syuva thought it id be much cheaper to engage some one in America.
Mr, Waters remarked that there was somebody employed there already—Mr, Lambert. went occasionally; he was not employed all Mr. Suirsoy said Mr, Lambert gay his time there, and he got only $50 a month, Mr. Jones said if the man engaged was to be simply an accountant, he might be in but if he was to ha—to help Mr. Wati in keeping a watch on the men and seem Uiat all the ore tat came out was accounted for, and that all the dollars were accounted for, then it would be advisable to soud a man from Shanghai whom they knew and had confidence in.
Mr. Tuvanusx thought the man 9j pointed ought to have at least fifty in the Compan The Cuatawax thought the man appointed ought to have a power of attorney to act for the Company in case anything happened to Mr. Waters; at present if any thing happened to Mr. Waters there was nobody to lovk after the Company's in-
Mr. Joxzs if he was expected to take Mr. Waters's place in case of illness, he ought to be a mau with a practical knowledge of engineering and mining.
The Cuarmaax said such an arrangement would only he temporary—uutil a skilled mining engineer should be appointed in Mr. Waters's place.
After a desultory conversation, the Chair-mau expressed his willingness to adopt a suggestion that Mr. Waters should be corresponded with before any appointment was made, and that the consideration of the matter should be deferred till the adjourned. meeting.
The proceedings closed with s vole of thanks to the Chairman, proposed by Mr,
Text read from the printed page and cleaned; old type leaves the occasional error.