for presentation to the Shareholders at the Fourth Annual General Meeting to be held at the Astor House Hotel, Friday, 18th August, 1905, at 5 p.
Gentlemen,—The Directors have pleasure in submitting their Report and Statement of Account to 30th June 1905, It will be seen that there is a dispose able balance of $87,344.43, which the Directors propose to deal with as under To pay a dividend of 10%
To place to a Reserve Account, $14,516.39 Po carry forward vss" 9,028.04
Bataxcr Suexz, 30th June, 1905.
Text read from the printed page and cleaned; old type leaves the occasional error.