In_ accordance with the provisions of the Companies' Act, 1900, we certify all our requirements as Auditors have been complied with, and report to the shareholders as follow We have examined and compared the above Balance Sheet and Revenue Account with the books and vouchers kept by the Qompany in London, and with the statements received from the Genera! Matiager in China; and are of "pinion that the Belsnco Sheet is " full and fair Balance Sheet, properly drawn up so as ty exhibit a true and correct view of the state of the Com "s affairs as shown by the Looks of the Company.
Tongvaxp, Yorxes & Ca., Lordon, June 2, 1907. Auditors,
Text read from the printed page and cleaned; old type leaves the occasional error.