The ordinary half-yearly general meetin; of shareholders in' the Hongkong an Shanghai Banking Corporation was held on Saturday in the City Hall, Hongkong. Hon. J.J. Bell-Irving presided and there were also' present—Messrs. R. M. Gray, Beurmann, G.D. Boning, D. Gublay, A. Haupt, A.'J. Raymon, RL. Richardson, R. Shewan, G. B, Dodwell" (Directors) Thomas Jackson (Chief Manager); and a large number of shareholders.
Mr. Jackson read the notice convening the meeting.
The Chairman, after reading the report, said—Gentlemen, the directors have great pleasure in coming before the shareholders with such a satisfactory report as the one just rexd, allowing of the usual dividend of £1 5s. per share, and an addition to the reserve fund of 10 lacs of dollars. The account under the heading of dead stock, which has appeared in the various reports since the establishment of the Bank, has been wiped out of the books by a debit of $100,000 to the profit and loss account of the past half-year. Devd stock represented house and office furniture, safes and stationery, all unproductive or non-interest-bearing items, and fitly grouped under the heading of dead stock. In future, it is intended that renewals of furniture, stationery, &c., will be debited to the profit and loss account from half-year to
Text read from the printed page and cleaned; old type leaves the occasional error.