for Presentation to the Shareholders at the twenty-fourth Ordinary General Meeting, to be held at the offices of the general agents, on Friday, the 20th October, 1905, at noon. The General Agents and Consulting Oommitteo beg to submit Mortgages and Debentures, fu Hongkong and Shanghai 1,858,028.52 Chinese "Imperial Government Loan, 1886, 46,174.25 United States Bonds, (4 per Tepanese Government Bonds, 164,860.38 cent Loan, 1925) 400,000.00; $2,705,478.10
Worxixo Accouz, 1904, To Amount brought forward from last Account, 150,494.34 Net Promia - rec Returns and Reinsurances, 1,616,887.53 Interest 168,174.70 Transfer Fees,. 40.00
$1,935,596.57
By Losses and Claims paid, $1,033,609,61 Charges, including Direc-tore Auditore' and Survey Foes, Expenses, &c. 94,329.26 Commissions, 144,719.02 Exchange, 1,398.3! Balance as above 661,540.38, Taxpwe, MarHEsox & Ca., General Agents, We have compared the above Statements with the Books, Vouchers and Securities, ud found the same correct W Horrox Ports, Lie Auditors, Hongkong, 25th September, 1905.
Text read from the printed page and cleaned; old type leaves the occasional error.