The Directors submit " statement of the scooants daly audited for the year ended December 31, 1909, showing a not profit of Shanghai Taels 32,745,57 after allowing Taels 16,109.75 for depreciation on the Fleet and Transferring Taels 5,000.00 to Marine Insurance Fund, which now stands at eels 25,000.00.
This sam of Teele 32,745.67 now remains for appropriation and the Direstors recommend that it should be disposed of a8 follows To pay a Dividend for the Year of 7°/,... Taels 25,690.00 To carry forward vss... yy 7,055.57 7.0!
32,745.87 Anditors:—The books have been indited by Messrs, G. H. & N. Thomson, who retire and offer themselves for re-election.
Text read from the printed page and cleaned; old type leaves the occasional error.