for presentation at the Fourth Annual Meoting of Shareholders to be held on Monvlay, the 27th February 1893, at 4 o'clock p.m.
The Directors in submitting the Fourth Annual Report to the Shareholders, with tatement of Accounts for the year ending Bist December, 1892, are pleased to be able to point out the continued increase in the earnings of the Company.
[he Working Account shows a profit for the year of 2 72, and the Profit and Loss Account, deducting Ts. 21,354.00 transferred to Reserve Fund, and amount of interim dividend paid in July, stands on Bist December, 1892, at Tis, 38,210.6%. The Directors propose to appropriate this sum as follows pay " final dividend of 84°; on Tis. the paid-up capital (making 53% for the ye: aa jao vee "21,000.00 To wansfer to reserve fund terest on undeveloped portion of No, 2 estate for 18 as ses vee 6,909.17 To carry forward to new account. '30151
The following is a statement regarding the ditierent portions of the Company's property for the past yeu No. 1 Extati.—~The two semi-detached houses on the lot between the German and Japanese Consulates, all add to ju lat yea report, are now nearing completion, an houses have been leased. For the present, this completes the development of this estate, which now shows a satisfactory return on the outlay.
The Directors mentioned thei hey had contracted for the ey we of six houses on
Text read from the printed page and cleaned; old type leaves the occasional error.