The seventeenth annual meeting of the Weihaiwei Land & Building Ca., Ld., was held on Wednesday morning at the offices of Messrs. Leavers & Clark, agents, there being present, Messrs. C. W. Wrightson, (Chairman), E. E, Clark and W. 8. Jackson, directors, and shareholders representing 775 shares. 'The notice convening the meeting, and the auditors' report having been read, the chairman said:
The working account shows a loss of Tls. 80.67 as compared with a profit of Tls. 753.37 last year, due almost entirely to decreased ren-
Tis, 285 were written off furniture, and Tls. 1,137 off buildings, being 2} per cent. of the cost, and making 27} per cent. in all.
Part of Estate No. 5 was sold, at a profit of Tls. 529.07, which appears in profit and loss account and the balance of this account, Tls. 37.00 is carried forward.
Leases have already been signed for four bungalows in Narcissus Bay, and it is hoped that some of those in Half Moon Bay will be let.
Regarding the future, I have nothing to say at present, as one can foretell what will happen to Weihaiwei after the war, but if, as we hope and expect, the port then goes ahead, we shall be in o position to develop our unused estates in a profitable manner.
There is nothing more to tell you to-day, but if sny shareholder wishes for more information, I questions to the best of my ability, shall be pleased to answer any
No questions were asked, and the following resolutions were adopted That the report and accounts as presented be passed. Proposed by Mr. C. W. Wrightson, seconded by Mr. W. 8. Jackson.
That Mr. W. 8. Jackson be re-elected a director of the company.
Text read from the printed page and cleaned; old type leaves the occasional error.