Col. Fitzgerald announced that arrangements had been successfully concluded which would ensure the active cooperation of the Syndicate with the Yangtsze Corporation, in the development, modernization, and expansion of Chinese industries, under some of the rights conferred by the concession lately held by the Eastern Pioneer Com-(pany.
ReEcoNstRection ov tHE BoaRD.
With regard to the reconstruetion of the Board, in future, there would be, he said, an equal number of English and French directors, the chairman will be British, with the casting vote, the managing director will also be British, while a French official will represent the majority of French' shareholders.
Negotiations were on foot to secure a chairman, who from the banking point of view might immensely assist the Company.
Colonel Fitzgerald concluded his remarks by. stating that the prospects of increased revenge from. the collieries were excellent, and when the time was opportune, he was confident that they could use: the excellent organization of the Fu Chung Corporation t @ much greater extent.
The report was then adopted.—Renter.
Text read from the printed page and cleaned; old type leaves the occasional error.