SHAREHOLDERS, The annual general meeting of the shareholders of the above Company was held Jon Monday ae the offices of the general agers, Messrs, Walter Schiivlf & Ca. sided, and the directors present we nethlage, H. J. Sach, and W ud also the cholders, Messrs, 1. Dow! M. Young, E. Aoppli, He Graham, H. Vinay, Lee Cho:
and Zeen Kow-chung, The notice conv the meeting was read.
The Chai suid that as the report lad been in their hands for some time, they would doubtless dispel: h the form-airy of it. Before asking them however to pass the accounts, a few m the balance sheet might. be referred to. Tu last year's account they had builtings and machin this year the taro accounts 4 Tnildi standing machinery at Tls. $8,845.82." It was now proposed that the sum of Tls. 1,898, mild be written off buildings and Taels 45 written off machinery, the book value of which, must be considered an extremely moderate valuation, the value being below the original cost. The value of the low. The building could not be constructed for the sume figure, The usual small affairs had been charged othe working account. The machinery Trad cen thoroughly overhauled, and the pro-h was in good repair, covered an ority mow, well bunded with A road was it course of millyard which vilities and access to stood in the balance eet at TS. and th would be no ditliculty ing ab a valuation, as production was sold for for Wheat ant coil had been taken at actual cost. He hoped, that the result. of the year's working would be considered satisfactory. It was [Empased te ap Tls. 2,350.63 dividend, an 11,811.00 for the fund, and carry Tls. 4,344.63 to the Rodyers asked with reference tv the writing off of the east of machinery, for lanation, as to how the figure set ived at?
airman, in reply sail that itvonly amounted to ten per cent of the book value of the machinery. This was not a © amount, and the directors advisable, 30 that they some working capital. The had been wor for four asked whether, besides the iten per cent, the general managers got any other connmission The Chairman in reply s+id that they {a commission on the sale of the flour, Hut no: on the purchase of the wheat.
Mr, Rodgers said that ten" per cent was avery large commission to pay.
Text read from the printed page and cleaned; old type leaves the occasional error.