The third annual general meeting of shareholders in this Company was held on Monday afternoon, there being present Messrs. B. A. Clarke (Chairman), J. D. Thorburn, R. W. Shaw (Directors), H. J. Limby (Secretary), Blair E, Mayne (Manager), J. B. Cameron, B, Palamouutain, A. Cushny. jr., F. J. Marshall, C, Gilbert Davies, Alvshing, W. F. Beatty, and C. Renny, representing in all 498 shares, The notice convening the meeting having been read, The Chaiymin said—Before saying anything about the report, I wish to refer the loss the Company has sustained by the death of Mr. Robert Mackenzie, He was Chairman frou the time the Company was first started, and gave " very large amount, of time ty its interests; in fact, only those who worked with him in mutters of this ind can know what a very good man he was in every way. He was personally a friend of mine, as I think he was of nearly every shareholder, and I would like now pince on record nur sense of the loss we have sustained through his death, accounts hope will be considered as satisfactory by you xs they are by your Directors, 'The actual profit for 1891 is very nearly Tls. 2,000 more than we made 1890, Some people thought that probably when our friend Mr. Syuious went hue, might have some inflaence on our position but, without detracting in any way the' great interest Mr. Symons took in th Company and the amount of time he devoted to it, 1 am happy to say that our new immager, Mr. Mayne, has, T think, met the wishes of the, Directors in every way and has shown himself to be what we fired. He is very active, and a great deal of the success of the Company is due to his working. During the course of the yeat we have purchased a piece of property in Hongkew. Our late friend, Mr. Mackenzie, did a great deal towards this, thought it was necessary for the future of the Company.that we should have a property there; fur as a part of our contract with the Municipal Council, which is a very large one, we have to provide a number of ponies for catts in that district, and, the property offering at " very reasun~ able figure, it was purchased. The present idea of the Directors is to raise temporary stables on part of it for the Kung-boo ponies, and Inter on to erect stables for the use of people living in that district who hire from us. The ponies and earringes can thus be kept in that neighbourhood without, having to be sent backwards and. forwards Jfrom the Bazsar two or three times a day, I trust the shareholders will consider this purchase a proper step. Before moving
Text read from the printed page and cleaned; old type leaves the occasional error.