The Archive · 1903

For Presentation to Shareholders at the

REPORT OF TUE pInECTORS

First Ordinary General Meeting to be held at thoHend Oitfice, No. 63, Rue Montauban, anghai, on Friday, 4 o'clock p.m.

The Directors have now the pleasure to gJsubmit to the Shareholders ihe Report and Accounts for the year ended 31st December, 1902 The net profit for the period amounts to Tis, 59,430.98, which the Directors te-commend employing as follows 10%, Dividend (Is. 5.10 Share).

Credit to Goodwill Account Bonus to Mr. Mondon and Staif (as per Agreements, Balance, to be Carried Forward. fully written off them.

Thave had produced to glance Sheets, and nple pro Bad and Doubtiul Depreciation of 4 per cent has been allowed off the various Stocks.

Anton R. Leake, Chartered Accountuns.

Shanghai, Sth April, 1908

Text read from the printed page and cleaned; old type leaves the occasional error.

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