The resolution was carried unanimously.
Proposed by the Chairman, and seconded by Mr. A. McLeod, it was agreed.
That the following distribution of profits for the year 1895 be now declared:—Interest at the rate of 10 per cent upon the paid-up capital, payable in Shanghai at the exchange of 3s. O3d. per tael; a bonus of 10 per cent on contributory premia, The third resolution was proposed by the Chairman, seconded by Mr. D, Brand, and adopted—That the Directors. be and are hereby authorised to close up the Accounts of the Year 1895 as soon as they find it expedient to so, and that the balance of profit (if any) be applied in such manner as the Court of Directors may deem conducive to the interests of the Company, Mr. C. M. Dyce proposed, Mr. E. J.
long seconded, and it was agreed—That Messrs Brand, Davis, Hearn, Holliday, Lavers, McLeod, and Welch, be elected Direc: tors of the Company for the ensuing year, and that their remuneration be Tls. 6,000.
Mr. H. Sylva proposed and Mr. F. Souter That Messrs. White and Bell be re-elected auditors of the Company for the ensuing year, Carried.
The proceedings then terminated.
Text read from the printed page and cleaned; old type leaves the occasional error.