laid before the anon meeting of the above The report of the general manager, to be
Company on the 22nd inst. has been issued. year, after paying all charges and providing shows that the net profits for the past for all bad and doubtful debts, and including the $8,015.44 brought forward from last account, amount to $77,674.48. From this sum $5,515.33 is written off for de-redation, leaving $72,159.15 available for division. An interim dividend of 5 per cent, absorbing $30,000, has already been declared, and it is proposed to pay a final dividend of the same amount, and carry forward $12,159.15 to new account. This jis a very good showing, more especially since the profits of the business at Manila have been tly reduced by the rebellion in the Philippines. The report states that the business of the company continues to progress.
Text read from the printed page and cleaned; old type leaves the occasional error.