Of the two first division league matches played on Saturday afternoon, the one which attracted most spectators was that between the Football Club and the Police. The game was played on the Police ground, and was won by the Football Club by six goals to two. with confidence to being able to pay our way. I may add that che overdraft which on September 30 was Tls. 7,861.85 is to-day Ts.
2,599.95.
At such times as these I think it is better not to say much about the future as every thing depends upon circumstances beyond the control of any of us. I may say, however, that there is no reason to suppose that our total expenditure will be greater than last year while' the natural increased yield from trees already in tapping and from new ones coming in should provide sufficient revenue to balance the account.
Reference is made in the report, to the regrettable death of Mr. Shao Gin-tow and I wish to again here how much his loyal support during a very trying p>riod in the early history of the company, was appreciated by his oolleagues on the Board.
You will have noticed that upon his death the Directors did not ex-excise their powers.under Article 87 of filling the vacancy.
Mr. Shao Gin-tow being one ~f the original promoters of the company occupied " somewhat unique position, and unless the shareholders particularly wish for a fourth Director in his place I would suggest that, at any rate for the present, the vacancy be left.
In accordanos with No. 81 of the Articles of Association I retire this year by rotation, but am willing to serve for a further term if such is the wish of the meeting.
No questions were asked, and the Chairman moved the adoption of the report and accounts, as presented. This was seconded by Mr. Grayrigge and carried.
Mr. Grayrigge proposed, and Mr. East seconded, that Mr. Cubitt be re-elected a director of the company. Carried.
Mr. A. W. Peake proposed, and Mr. G. D. Main seconded, that Messrs, G. H. & N. Thomson be re-elected auditors at a fee of Tis.
Text read from the printed page and cleaned; old type leaves the occasional error.