The second ordinary general meeting of this company was held yesterday afternoon. at the head office, Nos. 2 and 3, Hankow Road. Mr. E. A. Probst (Chairman) presided and those present included, Messrs. Seaman, D. Brand, James Jones, Chu Pao-sam, Chu Sing-ching, Chock Sian-yin, rectors) H.S. Wilkinson (Legal Adviser), Young, G. Kearton, G. Pilkington, E. T: Riviere, Yung Kwa-dah, Lin Chee, Yee Chee, Lee Chee, Chang' Yue-soojno, Ching Fong-chang, Tah Chang, Chang Dong-tah, Hung Tah, and Ying Chi-chee, representing in all 2,339 shares.
Mr. J. W. Callaway was appointed Secretary to the meeting and he read the notice convening it.
The Chairman then said—Gentlemen, before proceeding to the business of this meeting, I feel sure that I shall elbe echoing the sentiments of you all by placing on record our sincere regret for the great loss we have sustained by the death of our late Chairman, Mr. William Brand. He was, as you all know, our first Chairman and we must all deplore that he has not been spared to see it brought to a successful issue. Upon the departure of the late Mr. W. Brand for England, Mr. David Brand' was invited to join the board. Reverting now to the business that is before us, I will first deal with the accounts.' The balance sheet, which you have had the opportunity of examining at the office of the General Managers, is nothing more nor less than cash statement of receipts and disbursements, and it could not well be otherwise, seeing that, we have no working account yet to put before you. Under the heading of receipts, you will have been pleased to see an item of some Tls. 5,000 received from rent on what formerly was known as Muirhead's godowns; this amount and interest earned on deposits at the bank have gone some way towards covering preliminary expenses. The capital, your Directors regret to say, only stands at Tls. 634,900. According to the prospectus issued the 30th of July, 1895, your Directors had proposed to allot shares to the extent of Tls. 800,000, and that that amount has not been applied for we must attribute to a great extent to the tightness of money which has prevailed since the beginning of this year. On the other hand our com-
Text read from the printed page and cleaned; old type leaves the occasional error.