of the Directors for the year ended 31st December, 1895, to be submitted to the Annual General Meeting, to be held at the Shanghai Club, on Wednesday, the 18th day of March, 1896, at 4.30 o'clock p.m.
The Directors beg to submit to the Shareholders the Annual Statement of Accounts for 1895.
After payment of an ad interim dividend of Tls. 8.00 per Share on the 12th August last, the Profit and Loss Account shows a credit Lalance (including Tle. 12,027.30 brought forward from 1894) of Tls. 51,673.28 which it is proposed to divide among the holders of the 8,601 new Shares of the Company, representing the above mentioned 2,867 Shares= is. 18.00 per old Share.
The Repuirs mentioned in last year's Report as being necessary to the Pootung Wharf and Tungkadoo Wharf have been completed, and uld for out of revenue.
Conseguent on the sale of part of the Ningpo Wharf premises Ts. 30,000 of Debentures were purchased on the market and cancelled, At the beginning of November Mr. A. Korff, on the invitation of the Directors joined the In terms of the Resolutions passed at the Extraordinary General Meeting of the Shareholders held on 11th November the Directors have completed the purchase of Messrs. Jardine, Matheson & Co.'s interest in the Wharves; the Revised Deed of Settlement has been' printed, and three Shares of the face value of Tls. 100 each for each Share previously held have been played to the credit Shareholders la the Register, #8 on Ist January, 1896 [pretated Mr. C. W. Wrightson to Audit Mr, Busman having gone home the Direct the Books in conjunction with Mr. Wingrove.
The present Directors and Auditors offer themselves for re-election.
Text read from the printed page and cleaned; old type leaves the occasional error.