Mill Ca., Li., was held st the otice of the wert, Messrs, W. Schiirf & Ca., day afternoon. There w re presen! Messrs. A, MeLeod (Chairman), H. Such, and H, Snethlaze, Directors; J.C. Appay, H. Heyn, IL Vinay, and Lee Cho-kee representing 632 shares.
The Chairman said the report and accounts had been in their hands for some time, and he presumed they might be ken as read. Ho would te make a few remarks—before a them to pass them. They—would see that they had ben able to transfer from the Working account tw the Profit ud Loss account a sum of which, with the balance of Te. 3,. 4 carried forward, made a total profit of Tls. 19,211.79 for the year. This, they would sev, amounted to about 8 per cent on their capital, but unfortunately, the money for the purpose of paying " dividend they had pelled by the necessity of having increased godown accommodwion to spend the greater part of the money in providing yulowns, They would see thut the assets of the cor y had increased considerably during th Buildings and machinery this year stond at Ts. 145,690.44, as against Tle, 131,846.23 in the previous year, an increase of about Ts. 14,000. The property account had increased from tls.
Ts, 25,314, a difference of Tis. and these twe amounts had been paid entirely out of the profits of the year. It; was absolutely necessary to have the in-) creased accommodation, and to effect! some additions to their machinery. As a result, they had been able to dea much larger business, and the mill was now capable, when working at highest pressure, of turning out 1,400 bags of flour, which was equal to about 31 tons, in plaice of 24 tons, which was guaranteed when the mill was first erected. The total amount of wheat they had purchased during. the Twas 133,313 piculs, costing" Tls. 230,761. 'The total sales' of flour ha ed Tis.
512.
The business was in-ud as thes the profit was satis that they were el ed to pay for the ad ions out of their nings. He hoped thi would not occur ain Next year, and ti they would be in position to pay a satis factory dividend.
There were no questions, and the Chairman proposed, Mr. H. Suethlage seconded, and it was carried, that the report andj accounts as presented, he approved and passed.
Mr. H. Heyn proposed, Mr. H. Vinay seconded, and it was carried, that Mr. A. McLeod be re-elected a Director for the, year 1901.
Mr. H. Vinay proposed, Mr. J.C. Appar seconded, and it was carried, that Mr. G. D. Scott be reelected Auditor for the year 1901.
This ended the recti for presentation at the Sixth General Meeting of Shareholders, to be held at the Otlices of the General Managers, No. 33 B, Nanking Htoad, on Monday, the 18th March, 1901, at 4.30 o'clock p.m.
The directors have now to submit for the information of Shareholders, the audited statement of accounts of the Company for the year ending 31t Hecember, 1900.
The Profit and Loss Account, including balance of Tls. 3,439.91 brought ferwarl from last year, shows a credit balance of Tia. 19,211.79 which amount it iz proposed to appropriate as follows Write off from cost of Baildi 7,740.38 off all Preliminary exper Carry forward to new Account
Text read from the printed page and cleaned; old type leaves the occasional error.