A Btatatory meeting of the above company, to comply with the Hongkong Ordinances, was held at the Chamber of Commerce Rooms last Friday. There wore present Messrs. Brodie A. Clarke (Chairman) T. Webster, J. Frost Taotai. Kuan Chun (Directors), snd shareholders representing 125,690 The Chairman.—Gentlemen As meeting is called to the Hongkong Ordinances, under which the company is registered and though there is no actes! business to be done, I have no doubt yon will expect to hear something from me relative to the Estate, UN
It will be within your recollection from the Circalar "Letter issued to shareholders on Avgust 17 and the revised Prospectus issued on October 12 that there bad been some trouble in connexion with Mr. been {ally dealt with io the documents I have mentioned and the incident is now closed, it is nnnecessary for me to make any farther comments thereon. With regard to the Estate, your Directors are very well pleased with everything connected with it, also with the report given by Mr. Webster, who has only recently retarn-sit to the po of his report, a copy of which has already been sent to you, will prove that the Taiping Estate is a quite a good one, Before Mr. Webster left, they bed 7,000 trees or more to be opened up preparatory to tapping, and as the tapping hae gone on, the production has increased, although September was not as good as expected, owing to ita being very dry month. ' We anticipate considerably better resalts for October and as soon the figares are received we will publish them in the papers for the benefit of our shareholders, We hope that the whole of the area of the Estate will be planted up within a very short time, as we have a very fine lot of stamps in the nurseries of old which will be transplanted Webster's report which was sent out on October 12 the shareholders would sce that he ssid that the Estate was a splendid one and that conditions were excellent.
The reports received from the Manager ince Mr. Webster loft bad been very estimate of what might be expected in the near fature, He expected that within the next six months the production would ferably and that they would find the value of their Estate very satisfactory.
Text read from the printed page and cleaned; old type leaves the occasional error.