The tenth annual general meeting of shareholders in tne above Com-The Team for Kobe pany was held at the offices of the The team selected to go to Kobe, general managers (Messrs. A. R. sailing on Saturday on the Burkill & Sons), No. 2 Kiukiang'
N.Y.K.S. Chikugo Maru, are all Road, on the 4th instant, Mr A.
W. Burkill presiding, keen on the job and are prepared the course of his for the worst. There is some pal-remarks, the Chairman said:—piration of the heart, in some inc The Accounts are vidual cases. as the men are taking self-explana-plunge in the dark in not knowing tory. A further heavy loss in exchange is, shown owing to the low what the Kobe Athletic Club ect of them. It is one thing to swim rate ruling at the end of the and disport in a placid tank of unancial year, but I think that our scented eau de Huangpu, and quite losses in this direction must be now another thing to breast the turbulat-an end, The loss this year ent salted waters of Kobe ba: unduly heavy as the Straits War Toan of $50,000 was repaid during Tae First Triau wir Kono. the year and this stood in ow last Kobe Athletic Club have invited Accounts at an exchange of 46}. the men over as their guests for a The Directors have not considered few days of swimming events, but it necessary to write down the beyond this and the fact that this $50,000 F. M. S. Loan to the low is the first time in recent years that rate ruling at the end of the year Kobe has done such a thing, the men und at to-day's rate this investment here have no information. This is shows practically no loss. the first © interport" with Robe, The Company has ample cash and the Shanghai men are going funds, and their conservation in over with no idea of the sort of past years enables the Directors to events in which they will compete, Yecommend the payment of a small having hed no letter but simply a dividend. They propose the trans-telegram asking them to come. It for of Tls. 15,000 from Equalization is not improbable they may find of Dividend Account to Profit some Yokohama swimmers at Kobe, Loss, and the payment of a dividend and if so they are as villing to 5 per cent., the buildings and meet them as the Koheites, in fact other perishable assets being writ-they are willing to take on anything ten down to nominal figures as in that swims with two legs. the past. As I told you in 1917, This expeditionary team has not the aim of your Directors was to been selected in the sense of sending maintain a steady rate'of dividend Shanghai's best swimmers. Some and that the Dividend Reserve was of the best swimmers here are uncreated to meet unforeseen continable to leave Shanghai at this time. gencies in the future, which con-The men who are going are men who tingencies have, I regret to say, happen to be able to get away, and now arrived. They have been acamong them are some good swimcentrated by the low price of mers. J. B. Brown and E. F, Mears rubber, but I think the future can are expected to give Shanghai at be looked to with confidence in this least a place in the 100-yds., and respect, as remunerative prices can these two, with T. W. R. Wilson be obtained forward for the whole and C. Encarnacao, should be well of the year 1921 near the line in the 220-yds. The There were no questions, and the whole team will be entered for the formal resolutions were adopted.
440-yds., if the regulations permit it, and the whole team may also be A new bank has been registered entered for any long distance races in Canton, the Kuangtuag Provin that may be programmed, on the off cial Bank, which has a capital of chance that some may get through. 25,000.000 divided into 50,000 shares of $100 each. The Canton Gov.
Tre Fina Cxorce. ernment has. subscribed 20,000 The team going to Kobe has now shares, and the remaining 30,000 lost one of the men whose name tre to be taken up by the mer-was given a few days ago—J. Wor-chants. The office of the bank is wood, of the Police Recreation Club. in a new building onthe Canton being unable to leave. Those who und. are poing are Messrs J. B. Brown, R. W. MacCabe, T. R. MacDonald,
Text read from the printed page and cleaned; old type leaves the occasional error.