The Archive · 1915

Shanghai Land Investment

ce., ID.

The report of the directors for the year ended December 31, 1914, contains the following Working account for 1914 has a credit balance of Tls. 470,060.48 as compared with Tls. 440,444.64 for 1913. Gross rents are increased by" 'Tls. 44,978.65, running expenses by Tia 1,613.35, leaving a net increase in route of Tls. 43,349.30. Interest account is reduced by Tls, 16,115.94." (Tls. 3,012 of which' is decrease'in interest debited to undeveloped land). Fire insurance commission' account shows a satit in: bro age' of Tle. 7/910.93

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