The annual general meeting of the Shanghai Gas Ca., Ld., was held Thursday when Mr. L.E. Canning presided, supported by Messrs. A. D, Bell and C.G-8, Mackie, directors, W, Potter, engineer and Gater, secretary.
The shareholders present represented 95 93 shares and 1,675 votes.
The chairman sai Gentlemen,—The report and accounts have been your hands for some time now and, With your permi jon, I will follow the usual custom and take them as read.
Last year when address you I referred to the abnormal state of affairs both political and industrial and to the anxiety thereby caused to all employers of labour, year under review has passed without: any untoward incident but our anxieties are not yet over, The output of gas, as you will see from the report, shows a marked improvement as compared with that of the previous year, the most noticeable feature being' the increase in the number of Chinese consumers which, since 1917, kad been steadily. decreasing while the gain in foreign consumers is even move satisfactory. The distribution of gas for industrial purposes was less favourable due partly to the replacement of gas engines by other systems of, power and a decrease in the public: the manufacture of gas a lite lover 2,500 tons more coal was car~ Wonized at a cost of Tls. 372,174.60, against Tis, 28940181, while no] Viquid fuel wa employed during the year. The other items of expenditure under the heading of manufacture are more by Tls. 12,404.27, The distribution charges which include repairs and maintenance of mains, services, meters and public Jamps cost us Tis, 20,800.97 more than in 1925, while the combined management and genera) charges show an increase of Tis, 6,412.16.
'Coke, desiccated tar, tar dis-tillotes' and pitch showed' considerable gains, but tar, owing to the disturbed conditions prevailing in. the Yangtsze Valley, was not 30 successfully disposed of-
Text read from the printed page and cleaned; old type leaves the occasional error.