The Committee mot again at Mr. McKie's house on Friday last and continued the discussion of arrangements for the approaching contest. In the sbsonco of Mr. McKie, who would hav the chair, Mr. H. J. Graig pro mooting.
Indepondont reports from the members of the Sub-Committee appointed to complete the route, wore handed in and thoroughly discussed and the following route was definitely agreed upon, provided the necessary permission to uso the Grass Course is obtained.
Start at the Loongfei Bridge and return to the Grand Stand by way of the Bubbling Well, Jessfield, Brenan, Rubicon, Hungjao Roads, then turn to the south and enter the French Sicawei Road, leaving by the Route Pichon to Say Zoong Stables, down the Avenue Paul Brunet to the Route des Sceurs and Yates Road into the Weihaiwei Road, then on the Grass Course (at a point tobe Presented to, the Shareholders at the" half-yearly ordinary general mooting, hold on Saturday, 9th September.
Gextueme:—The Directors submit to you the annexed Statement of the Liabilities and Assots of the Bank, and Profit and Loss Account for the Hoalf-year ending 30th Juno, 1905.
'The Gross Profits of the Bank for the past half-year, including Yen 529,922,383 brought forward from' last Accounts, amount to Yen 8,340,221.409, of which Yen 6,230,500.701 have been deducted for Current Expenses, Interests, etc., leaving a balance of You'2,109,720.708.
The Directors now propose that Yen 220,000,000 be added to the Reserve Fund, raising it to You 9,940,000.000, and that Yen 200,000.000 be placed to the silver funds. From the remainder the Directors recommend a dividend at the rate of twelve por cent. per annum, which will absorb Yeu 720,000.00 on old shares and Yen 360,000.00 on new shares, making a total of Yen 1,080,000.000.
The Balance, Yen 609,720.708, will be carried forward to the credit. of next Account.
Nacaraxe, Soita, Chairman.
Text read from the printed page and cleaned; old type leaves the occasional error.