The annual general meeting of Messrs.
Gordon & Ca., Ld, was held lay aftrenotin in' the Glen Line Building. Mr. J. D. Gordon was in the chair and was supported by Messrs. J. R. Moodie, J. Macbeth, W. P. Chard, R.A. Watt (directors) and "Mr. FP. B. Gange, acting secretary. There were 4,126 shares represented, The chairman said:—Ladies and gentlemen:—The report and a counts having been circulated in the ordinary course 1 will, your permission, take them' as rea There is'nothing in the report call for comment, and T presume you have all observed that no further shares have been issued.
Turnmg to the balance she sti retain our land in Hankow, though one or two offers for purchase of this have keen recei Stock on hand and works in pro gress are slightly higher, but efforts are still being made 19 keep the stock at og low a level as possible, Sundry debtors are very con= siderably lest, parily due to a decreased turnover. Bad and doubtful debts have been fully written off as preceding yerns. Investments stand at the same figure og lust year, and are taken at cost, Actual market, value on February' 27, last, was Tis, 59,604, They are deposited with the company's banker® as security against A list of same ig here for inspection, The overdraft is somewhat higher than last year but as since been considerably redueed and now stands round about Tls. 10,000.
Text read from the printed page and cleaned; old type leaves the occasional error.