The annual mesting of this Company was held at the office 13, Canton Road, on Friday afternoon. There were present Mr. John Ford (Chairman), Mr, J. A. Wattle QManaging Director), Mr. G. Mooser, Mr.
R. Leake, and several Chinese agents and shareholders.
The notice of meeting was read and the minutes of the last meeting read and confirmed.
The Chairman—As the Report and Accounts have been in your hands for some time, I will, with your permission, take them as red. In moving the adoption of the accounts for the year, I may say I feel more than ordinary satisfaction in meeting you with the statement such as_we able to present, showing the transactions of the Company for thd past year. The accounts before you demonstrate that the expectations expressed at previous mostings have been fully realised. I am pleased to point out the following increases during the yeur:—Our Income increased over last year 44 per cent; our reserve 74 per cent; our assets 7 per cent; and insurance in force by over 62 per cent. In considering the above increase it is gratifying to note that in Shanghai our business increased from 358 cases last year to 850 in this, an increase of 151 per cent, which shows the standing
Text read from the printed page and cleaned; old type leaves the occasional error.