The year under review has been tone of satisfactory progress and the buildings which were in process of construction at the date of our Jast meeting have been completed and further buildings taken in [hand of which the most important. are the two large office and godown buildings, on Cadastral-Lots 10 and AL on Museum Road, On Cad. Lot 10 there is in course of construction the Lyceum Godown which will have a spacious entrance to a commodious unloading space 80 fect by 30 feet capable of taking motor truck traffic immediately to two large goods lifts. A. special feature of this godown will be the north light windows which extend the whole length of the north elovation and will be particularly suitable for ten or silk inspection.
On Cad, Lot 11 there is another] large godown and office building in course of construction similar in many ways to the Lyceum a further indication of the Com: Pany's endeavour to provide Shanghai merchants with the most modern and efficient accommodation, that is, combined offices and godowns." The site is situated on the east side of the Museum Road.
This property is held under a building lease, and in this year's account, a Sinking Fund will be started in order that the total cost of building may be entirely written off at the expiration of the lease.
Text read from the printed page and cleaned; old type leaves the occasional error.