The seventy-fourth half-yearly ioeting of shareholders in this Company was held on the 4th inst. The Chairman, in his speech, explained that the decrease in the earnings was on the Hongkong Macaw line, where they had to face two new competitors who were running at un. Fenmmerative rates, and. this matter War receiving the close attention the Board of Directors. An improved resuit had attended the running of the West River steamers, and had been it deemed advisable to provide further tonnage for that trade. The investments of the Company were all on a sound basi at an expense of $11,600, taken from in. vestment fluctuation account. Mr Wendt having seconded, the report and statement. were unanimously adopted. The election of Messrs. Tomkins, Schubart and Fubrmann to the Board was con. firmed and the retiring directors and auditors were re-elected.
Accident to the Chukong.
The steamer Chukong, owned here by Chinese Company, and which was recently chartered by the East Asiatic Trad. ing Ca. and sent to the Philippines to carry troops and stores for the Go-Yernment there, has been on shore on one ing i A number of her plates were sprung, but she got. of the rocks and managed to reach Cavite. where she is undergoing repair.
Text read from the printed page and cleaned; old type leaves the occasional error.