The Directors submit the following statement of the accounts daly audited for the year ended December 31, 1910, profit of Shanghai for depreciation on the fleet and transferring Tls. 10,000 to marine insurance fand, which now stands at Tle. 21,000.
With the balance brought forward from 1909 viz., Tls. 7,055.75 the som of Tle, 24,003.61 now remains for appropriation and your Directors recommend that it shoold be disposed of as follows To pay a dividend for Tis, the year of 5 percent 18,350.00 To carry forward... 5,653.61
Text read from the printed page and cleaned; old type leaves the occasional error.