of the Directors for the year ended Slet December, 1897, to be submitted to the Annual General Meeting, to be held at the Offices of the General Agents, on Tuesday, the 22nd day of March, 1898, wb 4.30 p.m.
The Directors beg to submit to the Shareholders the Statement of Accounts for 1897.
After payment of an ad interim dividend of Tls. 3 per Share on 12th August last, the balance at credit of Profit and Loss (plus Tls. 20,617.91 brought forward from last year) amounts to Tle. 111,637.20.
'The line of new 'Transit Sheds at the Hongkew Wharf is now completed and the Sheds are in use.. The building: of the two new 3-storey Godowas at the Hongkew Wharf will shortly' be finished, and with these additions there will be ample accommodation for handling and storing cargo.
ihe sum expended on new buildings and erections in 1897 was' Tls. 127,628.17, anda further sum of Tis, 30,000.00 will be needed tas the work progresses.
Out of the balance at credit of Profit and Loss, vis: 'Ils, 111,637.20, it is proposed to psy a Final Dividend of' is, 5 per share thas absorbing Tls. 75,500.00; to place Tls. 20,000.00 to credit of Repairs Account and to carry forward Tis 16,137.20 to next year.
The precent Directors and. Auditors offer thomiselves for re-election.
Shanghai, 5th March, 1898.
WoRKING Accounr For the Year Ended lst December, 1897.
Dr Tis.
To Wages of Permanent For and Native Staff. 69,724.77 Coolie Hire 159,401.32 Scales, Mate, Dunnage, Wat Gas, 'Fenders, Stages, Shoot: Oil,' Paint, Ropes, ete Customs' Fees at Pootung 41 Property Repairs Dredging, Repairs, Wages, Coal
Text read from the printed page and cleaned; old type leaves the occasional error.