In my remarks at the last annual] meeting, I referred to the question Jof reconstruction. If you remember the reason that at that time no resolution was brought forward was that we had Tis, 71,500 standing. as bad or doubtful; this has unfor-[tunately increased, rather than defereased, and upon consultation with our auditors we are advised that until the question of debtors is definitely disposed of reconstruction is inadvisable, With these few remarks gentle men, I beg to propose that the Jcounts as presented be adopted, but before putting this resolution to the meeting I shall be glad to answer questions to the best of my ability.
Mr."E. S. Hine: In the prof] and Joss " accom see an item Sfeansporiation™=? What is that?
Chairman: For hire of brokers' traps and ries
Text read from the printed page and cleaned; old type leaves the occasional error.