The Archive · 1892

THE SHANGHAI EIS ACTION GESELLSCHAFT

The first ordinary general meeting of the above Ice Company was held on Tuesday afternoon at the company's office and was attended by Mesers. Ph. Lieder, Chairman, W. E. Cornish, F. Rinkel and H. M Schultz, Directors, and A. Haupt and J. Schmidt, representing 287 shares.

The Chairman having read the report of the first meeting, said that the smallness of -the dividend, namely 5 per cent., was counted for owing to the usual troubles in starting a business, but good results were shown' when the machinery was in working order, which was nearly at the end of the season. They might confidently look forward. to the future to pay a Tbetter dividend next year. It was intended to build wu iron tank at a costof$1,000, so that ice could be supplied from it, instead of frou the store, The plan that had been announced of supplying iee by contract at '80 much per month had been carried out.

The Chairman then proposed and it was seconded and carried, that the report and accounts be accepted and passed.

The next business was the election of directors and an auditor. Mr, Haupt reposed and Mr. J. Schmidt seconded that the retiring directors and Mr. Ellert, auditor, be re-elected, Carried. between $600 and 700 of the uncollected Tu answer to a question it was stated that

debtsappearingonthe balance-sheet had since been realised and that the remainder were not very risky. A vote of thanks to the direc tors (which one of them said was all they got) brought the meeting to a close.

Text read from the printed page and cleaned; old type leaves the occasional error.

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