After the two minutes' period of lence had expired, the President said ho had the' greatest plea sure in proposing that Dr. J. Elliot Murray be elected as President for] the coming period.
Mr, Ranald G.
MeDonald conded the proposal, which was carried unanimously.
On the proposal of Mr. T. Hf. Ry Shaw, seconded by Mr. A. B. Lowson, Mr. J. F. Muesrexor was un-Janimously "elected—Vice-President.
The following members were eleet-Jed by ballot to serve on the com mittee for the ensuing yes Messrs, C, M, Ba Mat, Following the as made last yes are: lysis of accounts the differences In the working account, n credit increase of Ts. 19,078, In the profit and loss account, a gum of Tis, 23,244 as against loss of Tis, 4,041; and in the hi sheet the deficit of the profit and loss has been reduced frim Tis, 26,- 743 to Tis, 3,498, In our balance sheet it will be observed that an item of Tls. 4 appears under now buildings.
Thi expe liture was occasioned by pro-suitable necomodation for our Chinese outdoor stof Plant and machinery, even with depreciation, stands ut approximate Tis, 500 mors than last year, Sundry stocks stand on our books fat Tis, 8840 against Ths, 6,740, Sundry debtors have increased by bout Ts, 7.200 and this Te due to
Text read from the printed page and cleaned; old type leaves the occasional error.