The eleventh ordinary general meeting of holders in the above Company was held in the Obamber of Commerce Rooms, No. 1 Yuen-ming-yaen Road, yesterday afternoon. There were present:—Messrs, John Prentice (Chairman), W. 8. Borns and O. Thoresen, Directors; Jas. H. Osborne, F. Schnorr, J. B, Fyfe, E. F, Bateman 'W. B. Bayers, J. ©. Johnston, J. Cromarty, W. McMurray, A. Samson R. L, Neamann, Capt. J. R. Cooke, and T. Cock (Secretary).
The Secretary having read the notice convening the meeting, The Chairman said—Gentlemen, Before proceeding with the business of the meeting, I wish to refer to the loss the Company has sustained by the death of Mr. A. D, Lowe, which occurred on October 18, 1909. Mr. Lowe joined the Board of the Company in 1901 and for some years was Chairman. During the whole of the time he served, he took the greatest interest in the ompany's business. Now, gentlemen, we will proceed with the business of the meeting. The report and accounts having been in your hands for some days, with your permission we will take as read. The result of the year's working is much more satisfactory than that of the previous year. Last year we had a debit balance in the Profit and Loss Account of Tle. 254.15 and this year, after writing off for depreciation Tls. 4,956.30, allowing for bad and doubtfal debts, and deducting Directors' and Anditor's fees, there remains
Text read from the printed page and cleaned; old type leaves the occasional error.