The shareholders in the local Dock Company are again on velvet. The report for the half-year ended 30th June, to be resented at the meeting on the 29nd inst., is exceedingly pleasant reading for those interested. "The net earnings, including the sum' of $107,281.73 brought forward from last account, amount to $605,408.46. deducting directors' and auditors? fees, it is proposed to pay a dividend of 8 per cent for the half-year, to give a bonus fo shareholders of a like amount, to. pay $20,000 as
write off $102,263.99 from the value of Kow-Toon Docks, $22,539 from that of the Cosmopolitan Docks, $5,000 from that of steam launches, to place $100,000 to Reserve Fund (bringing that fund up to $800,000), to carry forward the balance of $98,004.50 to new account. The net earnings are the second best on record, and the prospects for the future, owing to activity in shipbuilding, are very' promising,
Text read from the printed page and cleaned; old type leaves the occasional error.