Meanwhile no endeavour should] be spared toward development of this important industry, and I*am glad to say that following the formation of a Japanese millowners' Association in China, anther powerful body under the name} of the Indian Cotton Importers' Association was inaugurated here three weeks ago among several rmillls and cotton dealers,: rrespective of their different nationalities initial object of this body reduct charges on Indian cotton coming to this port, but a very gratifying fact is the spirit that] haw brought several different mill owners to join the scheme, disregarding their small differences, in erder to take joint and united action for the bettorment of the common object, and it is earnestly hoped that such spirit should not only. be Limited to one problem, but further extended to ious matters, some of which requi sideration, especi Tam told that there is a move-ill-owners' to. devise the of watering raw Chinese Cotton, and I sincerely wish them every success in carrying out this object in the same spirit of o-operation which is now prevailing. my remarks I wish te that the very large loan account apperrirg among the ilities Wasyas reported, due to fof business by the general strike, but with the fon of more normal conditions, Tam glad to say that this figure is fast diminishing.
passed:
The following "resolutions were That the report, balance sheet, general inventory of areers and] profit and loss account for the financial term ended October _31, 1925, be adopted and passed—Proposed by the Chairman, seconded by Mr. K. Otani.
'That the -directors' suggestion in dealing with the balance at debit of profit and lass account be sanc-{tioned and passed—Propcsed by the Chairman,. seconded by Mr... K. by Mr. €. S. Yang.
"That Mr. E. T. Byrne be re-]the ensuing year."—Proposed by]
[elected a director of the company."—Proposed by Dr. R. 3. Ivy and [seconded by Mr. A. J. Welch.
"That Messrs. Thomson & Ca. be elgeted auditors to the company for Mr. C. S.-Yang and seconded by Mr. AL'J. Welch.
The Chairman "announced that] dividend warrants would be issued immediately.
'Shareholders' Annual Meeting'
Dividend of 20 Per Cent.:
Text read from the printed page and cleaned; old type leaves the occasional error.