The report for presentation to the shareholders of the Wharf and Godown Company at the yearly meeting to be held on the 17th inst, has been issued. Like the Wanchai Company this concern has also done well during 1895, the profits amounting to $289,592 xs against $275,942 in the previous year, showinganincreaseof $13,649, An interim dividend of $1.25 per share, or 24 per cent., has already been paid, and it is prop-sed to pay a final dividend of the same amount, and carry forward the balance of $13,816.59 to new account. The business has increased in all. branches except the storage of sugar, which is now taken to the Refineries direct. Six additional Chinese houses have been built on the vacant land at Kowloon and leased at a remunerative rental, Very extensive repairs have been found necessary at the Wharves, and a large outlay will be necessary during the current year, Contracts have been entered into for the erection of four godowns at West Point to be completed by the end of the your, and it is anticipate! these will yield a good return on the money they stand at in the books, The prospects of this company would be excellent but for the competition which keeps storage rates ab xo low and unemunerative a figure. In the interest of shareholders of both companies I should recommend an anilgamation of the two godown companies.
Text read from the printed page and cleaned; old type leaves the occasional error.