ire, W. S, King, A. Coppieters, Mura-our, and J, C. Porter (Secretary).
The secretary having read the notice convening the meeting, The Chairman sid that the meeting was simply called to comply with the Hougkong Ordinances and he had little to say except that all the shares had been subscribed and paid for. They began in a season when everything went wrote the business had not been bad, considered it a very good invest they went on as they had been doing would have very good returns and Took forward to " handsome disidenc didn't like t+ say what the dividend would be, but they night expect from ten to fifteen per cent. The business of the first three mouths' working hud not been particularly yood, but under the cireumstances was good enough. He thought that special care should be taken regarding stock and bad debts, He had no further remarks to make except to regret the loss of their Into If there were any questions, he would be pleased to answer them to the best of his ability.
Mr. W. S. King asked if an interim i ald be declare! at the end of six months, if the situation warranted it.
'The Chairman replied that they would pay an interim dividend if they coul'.
Mr. H. W. Dowling asked if steps were being taken to secure a new maneyer.
Tue Chairman—Yes, at one.
The meeting then terminated.
Text read from the printed page and cleaned; old type leaves the occasional error.