ANNUAL GENERAL MERTING, general meeting of share-the Anglo-German Brewery Ca., Ld.
Messrs, Slevogt & Ca., Ld., the agents, No.6. Yaeomiogyuen Rosd, on Wedoesday afternoon, There were present: Mosers, A. McLeod (Chairman), ©, W. Wrighteon and M. Hoerter, Directors, K. Buckle, F. Peltner and C. Frischen, representing 834 shares, The Chairman _said—Gentlemen The of the Directors and statement of accounts for the past year having. been in your hands for some time, I will, with your permission, take them aa read. Tarning to the accounts, you will find machinery account additions daring the year amonating to$7,847.18. This represents the purchase of several new machines for the bottle beer department; they have been in working already aod proved very satisfactory. They allow a quicker and more efficient working and a saving la coolie wages, The cark account has been redooed by $3,700, a8 we were able to sell case ired at profitable prices. On you will find the Mark indebtedness reclused from about $113,000, at which it stood on Decem ber 31, 1909, to about $35,000 on which the Company is to be congra-elated. A debt in gold for a Company working in silver currency, especially when the amount represents nearly one quarter of ite capital, is, to say the Jonst, not very satisfactory and lays the py open to losses should liver depreciate more. The fixed rate for our books is Mark 1.70 per dollar, which is about 5 per cent below the rates raling at present. Our remittances against the Mark account and sgaiost materials im. ported during the year were covered ata good deal higher rates, thus reevlting in acdilference in exchange in our favour which has been credited to the several Original from
Text read from the printed page and cleaned; old type leaves the occasional error.