Lajeat were appointed auditors for 1891.
Directors consider that the best resulta wil obtained by profiting, 1° lence it. Saunders asked what were the fained in mesting the dona for the dies probabilities of the Company being wound ent styles of houses required, thereby ensure ing a certain and steallly increasing income Phe Chairman said that on March Ist and improving the whole of the property on they would most likely receive a cheque for this Estate. "When fully developed it is ex-'Tis, 30,000 and possibly Tls. 3,000 or Tls. ted that it will realise the anticipations 4,000 more, from the Shanghai Gas Ca. formed at the tine of its acquisition by the Company. The Customs Club and some There was Tis, 9,700 in hand and he sav foreign houses on the Chapoo road are already no reason why they should not pay Tls. 80 or 90 return of capital to shareholders on an improvement to that quarter, and preparations are in progress for t te build-April Ist. ing of some foreign and semi-foreign houses The meeting closed with the usual com-on the Quinsan road, while further operations pliment to the Chairman, will be continued as may appear desirable. No, 3 Estate.—The alterations to this have The report and statement of accounts been completed, as have the new buildings on show that the consumption of gas increased No. 4 Estate; both properties are now com-slightly, from 228,356 cubic metres in 1859 pleted so far as is at present intended and are 933,434 in 1890; but the average cust of their estimated rentals. -cval rose from Ts. 4,80 to 4.90. The gross Directors. - Messrs J. G. Purdon and E. J. refit realised was Tls. 8,300.47, of which Ys. 1,565.87 was written off for depreciation, leaving a net. profit of Tls. 6,099.47. This amount was distributed as follows Tis, 824,93 to reserve fund, Tls. 2.750 dividend of 54 per cent. already paid, Tis 3,000 dividend of 6 per cent. and is, 24.64 carried forward. The reserve fund was brought up to Tls. 21,209.11,
Text read from the printed page and cleaned; old type leaves the occasional error.