On Monday afternoon a meeting of shareholders in this Company was held at the Shanghai Club for the purpose of receiving ators' report and final statement ts. Mr. Duncan Glass occupied the chair and there were present Messrs, G. Galles, 'T. Wood (Liquidntors), A. Thurburn, E. J, Hogg, A. Cushny, Jr, J. M. Young, E. Davis, W. H. Talbot, Hough, J. Jaques, G. R. Corner, J. Thorburn, J. Danenberg, R. Macgregor, Taylor, and W. A. Gulland.
The notice calling the meeting having been read by the Secretary (Mr. Wood), The Chairman said—Gentlemen, as the report and accounts have been in your hands for several days I suppose we may take them as read, but if any gentleman has any questions to ask I will be happy to answer them, If not I beg to propose That the final report of the Liquidators of the Mendota Mining Company and the accounts as now presented to the meeting be approved and passed.
Mr. T. Wood seconded and the motion was carried without discussion, This concluded the business of the meoting. hai Club on Monday, the 6th inst. at 5 p.m. meet a of shareholders held at the Shang-Report of the Liquidators presented to the In accordance with the resolution passed atthe meeting of shareholders held at the Secretaries' Office, 7, Kiukiang Road, on Monday, the 21st September, 1891, that the Directors should effect the sale of the Com-riy's property to the Sheridan Consolidated Mining and Milling Ca., Ld., for shares in that. Company of the nominal "value of nine hundred thousand Taels, and that the Comtion, the Liquidators, Galles, and "The transfer of the Company came into report. effect om the It of October, 180}, and shares in the Company were exchanged' in the proportion of tires shares in the Sheridan Con. solidated Mining and Milllng Ca., Lad. for one share in the Mendota Mining Ca, The accounts, duly audited, are now submitted, They show a cash balance at credit of Tls. 10.64, and as this sum is too small for any way, the Liquidators have handed it over to the new Company, and now ask the shareholders to approve their action, Doxcas Grass, ates, b Liguidators, Woon, Shanghai, 27th February, 1893.
Statement to 30th September, 1891.
Tis, To Expenses at the Mine—Manager's Salary......$2,700,00 General Expenses 61
Gold $5,312.79 4,935.79 Shanghai Office—General Bx; 350,98 Directors' Fees for 1891 750.00 Auditor's Fee for 1891 150.00 Secretaries' Remuneration.. 1,500.00 Amalgamation Expenses "414.62 it. A. J. How's penses to the Mine...1,142.86 Mr. James Simpson's Expenses to the Mine 233.00 J. Morrison's Expenses to the Mine 1,764.70 6,305.46 Interest—On Loan from Mr. Simpson, Tls. 25,000, 9 months a 8%. 1,500.00 Less—Interest on credit Balance withtheBank 37.95
Balance—Transferred to Profit and Loss Account
Text read from the printed page and cleaned; old type leaves the occasional error.