The Archive · 1910

The Chinese Engineering and Mining Co

The ninth anneal general meeting of this Company (which, it is not always remembered, is a British company, having ite registered office in London) was held at Winchester House, Old Broad Street, London, E. C., on October 28 and was presided over by Mr. W. F. Tarner, In proposing the adoption of the Report and Acconnte, the Chairman pointed out that the total to the credit of the Profit and Loss Accoant for the year ending Febrasry 28, 1910, amounted to £243,903 as against £244,967 in the previous year. On the other band, there was a redaction in the total expenses and charges on ther side of the account, result being that there was credit balance on the year of £210,574, as compared with £210,938 in the previous year. Of this amount it was proposed to set aside £10 000 for redemption of Deben-tares; to carry £30,000 to the Reserve for Depreciation; to pay a final dividend, making 15 per cent for the ud to carry forward £5,012, a compared with £1,435 brought in, The jaunt of Debentures ontetanding bad increased from £391,460 to £430,000, and this was accounted for by the redemption of the annual eum of £10,000

of Debentares which had previ of Debentares and thereissne of £48, a been purchased and cancelled, output of coal for the year showed an inoresse of 133,432 tons, while the an increase of 86,788

Text read from the printed page and cleaned; old type leaves the occasional error.

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