The Annual General Meeting.
The seventeenth general meeting of shareholders in. the Shanghai Tug Best Company, Limited, was held on Tuesday afternoon at the office of the agents, Messrs. Morris and Ca., 8, Canton Road. The chair was occupied by Mr. J. Prentice, and there was a full quorum present.
Mr, Morris read the notice calling the meeting.
'The Chairman said that ths amount carried forward to Profit' and Loss account was Tls. 61,530.58, against Tls. 44,235 in the previous year. This was a very creditable result on the year's working, representing more than they had ever done before. The work of towage was very great, and there had been nothing outside, They had already paid away Tls. 13 per share, amounting to Tls. 26,000.00, there was a_ balance left. of Tis.
530.53, and of this the Directors proposed to appropriate Tls. 14,000.00 in the payment of a final dividend' of Tls. 7 per share, making Ts. 20 for the year against Tls. 18 last year. The remainder of the balance Tis. "21,580.53, would be carried forward to the new account. This would be done on account of the Company. being in a state of transition, and as this was the last general meeting of the Company, Annual General Meeti-y.—Minutes of the annual general meeting of the Landrenters and Electors of the British Concession at Kiukiang held on 24th 1903.
Treseul.—H. L. Higgs, Esy., Acting British Consul (in the chair), Messrs. To Drain debentures Brazier, Clindening, Day, T. clu Jardin, pai Elder, Hodges, Jensen, Lefébure, Malash-Drain debentures Tne kin, Meyer, Mills, Orr-Owing, Radomski terest Sanders, Smith, Spinney, Urquhart. and Walsham.
To Recreation Ground ation of the Chain debentures Mr. F. E. Hodges Recreation appointed Secretary to the meeting.
'The Minutes of the Annual General Meeting held on Febreary 6, 1903, and of the Special Meeting held on' June were taken as rend and adopted.
The Report and tot Acco the out an 2 ith ing Council together estimate of Receipts and Expenditure for 1903 were laid on the Table, Report of the Kiukiany Mu ipal Couneit Interest.
Auditor's Fee 1901 2 Constructing Di Passage for 1902, —At the Annual Meeting of Messrs. Lammert, Lovatt and Smith were elected Councillors for the year; subsequently Messrs. Lovatt and Lanmert retired and Mr. F, E. Hodges was lected to take the place of the lotte
Text read from the printed page and cleaned; old type leaves the occasional error.