The tenth ordinary general meeting of the above Company was held at the premises, 14, Nanking Roa, at 11 o'clock on S.turday morning las, the 26th inst. The following gentlemen Were present messrs, J.D. Clark, Chairman, Hayward. H. J. Such, (Directors) "4. P. Stokes, (Legal Adviser), and J. A. Bal ard, W. J. Vine, J.C. Quick, A. Hill, Stew-rt, C. R. Tozer, 'S. Bowness, S. Remedios, N. Viloudaki, J. Buchanan, R. Palmer. (Secretary), representing a total of 2637 shares.
At the appointed time, a quorum being pres-ut, the Chsirman called pou the Secretary to read the notice convening the meeting, which being done, the Chairman said Gentlemen,—You have had the Report and Accounts for the past year in your possession for some time, so, with your permission we will take them as read. In addressing you at the Annual General Meeting last year I said I hoped your directors would be able to announce at this present meeting that our net profits would show a considerable increase. T am glad to say th's hope has been fully re-hused, and there is every probability' of a profitable busine-s routinuing. You will see by louking over the accounts that the volume of lus ness during the past year has increased in a very satisfactory ner, showing a net profit or 380,618 as against $42,538 for 1901, which is nearly double. The chief increase in the expenses is ov salary account, the staff having been ivereased cope with the requirements -of the business, and while dealing with this
Text read from the printed page and cleaned; old type leaves the occasional error.