Robertson—To ma it "That the directors' recommend: tion in dealing with the balance at the debit of profit and loss account be sanctioned and passed."—Pro-rosed by the Chairman and seconded by Mr. Woo Ling-shu, Mr. Robertson said he wisher to titleism, for' the purpose of the retort andthe balance sheet now befor. the meeting should be considered in avo sections, each separate. First, there should be "trading." As t0 this there can be nothing ther than commendation, for, as is shown, in the face of the adverse conditions which had to be ex-pineneed in the period of October to April to have secured an appreciable increase in the surplus at Credit of working account ix highly satisfactory ani is ample proof of the potentiality of the company's business if conducted in <ympathy ith the ruling conditions as th: se arise. The result is most. praise Worthy cad merits the congratulation and thanks of the share owners. As to the second section, that this, should fail to elicit favourable comment is to be anticipated, and in my also held by a IWlers not present here to-day—it is discouraging there arises the quest thing more disgraceft light of day in Sangha rot. Within thie second section is comprised capital account and traordinary expenditure. A study the figures will disclose a position which is nothing other than the excessive indebtedness of the company and under the given head-inge for the second section this is proper? a vote of thanks to Mr. Otani for the excellent manner in which he had conducted the meetig. He understood Mr. Otani was leaving, so he thought they mi. pass a vote of confidence in him und also say good-bye, wishing him every luck in his future career.
The meeting then terminated.
Text read from the printed page and cleaned; old type leaves the occasional error.