Jardine, Matheson & Ca., in Shanghai, be Tls. 2,340,000 elected as Directors for the current year.
Gentlemen, for this you have a magnifi-'According to clause 25 of the Deed of cent property with a fine line of water Settlement the number of Directors shall frontage on both sides of the river, which never be less than four or more than seven and their remuneration shall be from time than what it stands in the books at. is y valued at considerably more to time determined by resolution. In the The home boats arriving now are of much accounts before the meeting the amount greater burden and depth than formerly appropriated to the Directors was Tis. and flood us with infinitely bigger cargoes, 1300, and he desired to. propose that amounting at times to 4,000 and 5,000 tons. the amount be increased to Tls. 2,500 The Woosung Bar prevents many of He did not name any specific sum for each them from coming direct up river, which Director because the number was liable to means the cargo being discharged into be varied, and therefore he thought it more lighters. Last year no less than 110,360 satisfactory to vote acertain sum for the tons of cargo were landed at the Wharves Board, which he proposed to be Tls. 2,500. from lighters, whereas, only a few years Mr. E, Davis seconded, and the resolution ago, the lighter-borne cargo was but 14,000 reflecting the Board and fixing the re-tons. The necessity for transit sheds' for muneration at Tis, 2,000 per annum was the use of cargo just landed has been carried unanimously. brought to our notice by some of our chief The Chairman, on behalf of Messrs supporters, and the Board have decided Jardine, Matheson and Ca, thanked Mr. to erect these without delay. This will Campbell for his: very kind remarks and relieve the present congested state of our assured the shareholders that it was the godowns which has rendered it difficult at wish of the firm to deal fairly and times to keep pace with arrivals. We also liberally by the shareholders in all the have it in contemplation to replace some of companies of which they were General the existing out-of-date godowns by build-Managers. That had been the policy of ings of two and three storeys, A set of the firm in the past and it would continue shears capable of lifting very heavy to be so in the future. Speaking for the weights will be in position in a couple of Board he thanked the shareholders for in-months from now, and also portable cranes creasing the remuneration from Tls. 1,500
business so far this year continues satisfactory.
discharging. goods from lighters. The Upon the Mr. J. Buch: With regard to the issue of the 399 new seconded by Mu W. Dobie, it was agreed the proposition of Mr. J. Buchanan,
shares sanctioned at the meeting on the
Text read from the printed page and cleaned; old type leaves the occasional error.