The report of the Shanghaii Mutual Telephone Ca., Ld., for the year ending March 31 last shows that the net increase of telephones installed by the company during the year amounts to 1,544, 10,502 telethones being in use at the end of last year.
The amount available for appropriation is Tls, 236,624.04 which it. 's proposed to distribute as fol io 'Tis. To-shareholders, Tls. 4 per share £0,0000,00 shi holders, bonus, 'Ils. 1.50 per share 30,000.00 directors' fees 8,000.00 Teserve account—30,000.00 Nrite off Kiangse Rod building 5,000.00 debenture sinking fund 18,262.79 bonus to Mr, Oberg on his retirement from the Ca, 35,000.00 bonus to foreign staff 15 per cent. on salaries 16,450.72 carry forward to next Tls. 16,910.55
Tis, 236,624.04
As provided by the: articles of association Mr.
Pearce retires, but offers himself for re-election.
Auditors.—Messrs, Lowe, Bingham:
Matthews offer themselves for: re-election.
Text read from the printed page and cleaned; old type leaves the occasional error.