The annual general meeting of shareholders was held on Monday at the office of the agents, Messrs. Russell & So, There were. present Messrs. G. H. Wheeler (Chairman), C. Jantzen, and H. J. Such Directors), J. Moffat, A. C. Hunter, J. Mencatini, J. Jaques, F. Huchting, "1,044 shares. 3 Tripp and G. Valette, representing;
Phe notice convening the meeting having been reid, The Cuainman said—The report has "been in your hands for some days and with your permission we will take ithas read. I have a few remarke to make concerning our business. The report shows an imevement in the results. of the business for the past year. In reference to the remarks made' by the Chairman at the last annual meeting about the expenses of the company, I am plotted to inform you we made a swing of coolie hire in nine months of Ts. 1,475, and of staff expense in the last four months of Tis, 600. Tungkadoo property is reuted temporarily ata nominal sum. The prospects fur the present year are encouraging and the agreements have been renewed for another year to sustain present rates of kerosene storage. The net curnings for January are Tis, 1,100, which is very satisfactory. The Directors Cod themselves for re-election.
Before j ask stall be piasted to arrieter aay qoestinen on to paas the report and accounts Mr. H, J. H. Tater caked if there were any facilities fur storing general cargo at the Pootung wharves, It seemed to him that there were great objections on the part of owners of general cargo to have it stored at Pootung, on account of the difficulty of getting it away. He had heard that some consignees had raised objections to steamers going to Pootung, on account ofts being so away from the general business of the lace, as far as general cargo was coucerived.
fe hoped some arrangements would be made or inducements held out to consignees of general cargo to store it at Puotun kept in good it, the cost. of. which is The property of the Company has been
Iuded in the Working Account, Vixcenr Sun, Chairman.
Cant Sasraex, J. Soon; Directors.
Shanghai, 31st January, 1891.
Worxise Accovst For THe YEAR ENDED 3ist Decemmen, 1890.
Dee. 31.
1890. Dr. Ts. To Balance of wharfage and godown, rent after deducting wages of staff, coolie hire and general e:
penses. 11,010.26
Text read from the printed page and cleaned; old type leaves the occasional error.