We recommend 1.—That the work of the Rest House and all transportation, to and from the mountain, be continued under the con-the laws of the land. The names of all caretakers should be given to the Secretary.
That the Association proves of any member of the Asani jon fakingta cate to the Chinese officials without previonsreferencetothe Association's duly appointed representatives.
VII. That we ask the Chinese officials to deal with oar appointed represent stives of the Association and not with individual foreigners in all matters concerning our Association.
VIII. That the Association requests the incoming Board of Directors to ask their President, and Treasarer to consult with the President, Secretary and Treasurer of the Trastees of the Church in regard toeithercloser co-nperation, or anion between the Board of mau 2 YEARLY REPORT, The Directors have now to xabmit to yon a general statement of the affairs of ihe Bank, and balance sheet for the The net profits for that period. cluding $2,000.387.85. forward from last necon all charges, deducting due and making provision for bad and donbtfal accounts to 5,403,917.67.
The Directors recommend the tenns-for of $500,000 from the petit ani lows account to credit of the silver reserve fond, which fund will then stand at 814,000,000.
They also recommend writing off bank premises account the sum of $250,000.
After making theca transfers and deducting remuneration to directors there remains for appropriation $4,638,917.87, out of which the Directors recommend the payment of dividend of two pounds sterling per share, viz,: £240,000—which at 1/9, the rate of the day, will absorb $2,633,142.86,
Text read from the printed page and cleaned; old type leaves the occasional error.