The annual general meeting of shareholders in the Shanghai and Hongkew Wharf Company, Limited, was held on Tuesday afternoon at the offices of the; General Agents, Mess Jardine, Matheson and Ca. The chair was taken by Mr. R. Inglis (Chairman of the Board of Direc: tors), who was supported by Messrs. A MeLeod, J. L. Scott. and C. J. Dudgeon (Wircetors), and W. Dobie, D. C. Campbell, J. M. Young, W. F.'Inglis, W. D. Little, H. R. Boyd, F. J. D'Almeida, T. Pemberton, A. H. Heath, D. Landale, C. R. Shaw (Shareholders), Duncan Glass (Superintendent), and convening the me been read by the Secretary, The Chaieman said—The Report Accounts for the year 1902 have he it is proposed to pai Taels 12 per share on the increased number of 20,000 shares, to set aside Taels 15,000 for ordinary repairs and to carry forward Tavls 21,679.74 to next year's ae-count 1 think, gentlemen, that you be satisfied with this result, which I may mention iv the best in the records of the Company.
The present issue of Debentures is Tack: 435,000 and this will be increased from time to time money ix wanted for the] J new wharves at Tungkadoo. T regret to say we have had considerable trouble with the now binding having but at last the difficulties have keen overcome and the work is pro-grossing satisfactorily.
Before proposing the adoption of the port and Accounts I shall be glad to er any questions that shareholders wish to ask. If there are no questions T beg to propose that the Report and Accounts as presented he accepted and passed.
Dndgeon—T beg to second that.
The proposition was unanimously car ried Mr. J. M. Young prepaved, Mr. T. Pemberton seconded, and it was carried That. Messrs. A. MeTaod, C.J. Dudgcor 4. 1. Scott, and the senior representative of Messrs. Jardine, Matheson and Ca. be re-elected Directors of the. Company." On the proposition of Mr. W. D. Little, seconded by Mr. W. F. Inglis, Messrs. Wingrove and Wrightson were re-elected auditors for the ensuing year.
was proposed by the Chairman, seded by Mr hat a irman—The last resolution, T have very much pleasure in pro is that a 10 per cent bonus be dito the foreign staff of the wharf for year.
Mr. J. L. Scott seconded the resolution, and it was adopted.
Mr. Duncan Glass thanked the Direc tors, in the name of the staff, for their liberality.
The Chairman having announced that the dividend warrants would be issued on Wovinesday, the meeting ended The Annual Meeting The annual general meeting of share: holders in the above Company was held on Tuesday afternoon, at the Com offices, No. 9. Kiukiang Road. were present Messrs. G. Racine (Chairman), Eh. R. Webrung, C. 1, Roach, Augustin, and Chu Pao-san, Directors; and Messrs. Lin Chang-yin, H. J. Clarke, RS, Freeman, H. A. Vinay, J. Pasquior, E. Acppli, representing a total of 2,780 shares.
Mr. C. E. Roach, Secretary, having ad the notice convening the meeting, he Chairman said—The report and accounts which have been in your hands for some time, will no doubt be taken ax read, and I feel sure they will be received by you with satisfaction. The accounts for the year are on the table for your perusal, and befor: king you to pass the sane, I wish to make a jew general re-During the year the mil has been regularly day and night without and is, ay stated in our report, in perfect order. Wo manufactured during the ar Ts. 389,71 worth of paper, all of w 1 has been sold and paid for. without a single bad debt on our books. The item of stock of paper on hand, Tls. 38,767.13 may seem large, hi as it was all made to order, and has si been taken away and paid for, it. requires no further explanation. We had to contend with much competition during the front parties who formerly held the trade of paper in China, especially from ud as a result, some tain tine had pleased to say, how: ever, price since been increased, and we hope the year 1903 will even be Letter than the year just ended as far as the sale of our paper is concerned. We are now manufacturing 40 per cent more paper than we did this time last year, and the sale of production secured. Tan glad to add that much of this success ix due to our mill manager and director, Mr. C. E. Roach, and to the staff, who on. The pur-4 question re-and woe have reason to believe the coming year selli help us in price and quality of native supplies. If any. shareholder has any question to ask, I shall be pleased to answer to the best of my ability.
There being no questions, The Chairman proposed, Mr. H. A. Vinay seconded, and it was carried nem. con.
"Phot thy Report: and Account as presented he accepted and passed Augustin proposed, Mr.
ended, and it. was carried the Directors be authorised to pay a final dividend of 5 per cent for 1902 on the paid-up capital fo shareholders registered at th cent for the year.
Mr. H. J. Clarke proposed, Mr. Pasquier seconded, and it: was curried Messrs. George Racine and Eh Wehrung be re-elected Directors.'
Tt was proposed by Mr. C. B. Roach. seconded by Mr. H. J. Clarke, and carried That Mr. George D. Scott be re-elected auditor, and that his foo be increased to Tls. 250."
Mir. H. A. Vinay proposed, Mr. Acppli seconded, and it was carried
Text read from the printed page and cleaned; old type leaves the occasional error.