Oar earnings from storage are disappointing and though larger than in 1923 compare unfavourably, with those for the preceding three years, clearly proving that smaller came to this port and, ex-the last four months of the moved into consumpti rapidly.
Teix proposed that a final dividend Your directors wish to record their 11 per share be distributed Jappresiation of the services of the making, with the interim dividend. foreign staff and the Chinese flee of Tls. 3 paid last August, a total the year and 1 will of Tls. 14 for the later prepare a Revolution for the It is also recommended that Tis. payment of s bona to them, 000 be allocated to ordinary. repairs and renewals account, Tis. sociation Messrs. W. J. N. Dyer and 50,000 to special repairs and J. Herald Dollar retire and offer ewals account, Tls. 75,000 to dethosirelves for recsleetion. The tion fund' and. Tls. 50,000 to Auditors Messrs, Lowe Bingham & [equalization of dividends account, Mat and offer them. (which T hope will have your ap: selves for re-election, On the proposition of the chair-seconded by Me. Tibbey the art und accounts were adopted, the proposition of the chairman, seconded by Mr. Lester, it was, jdeetded: That the amount Jeredit of the profit and loss accoun Tls. 176,634.60 he distributed follows: ne thy "Sy ego 60-000 tu side Tls. 50,000 or Tls. 60,000 ually for ordinary repairs and but during the last two years our expenditure has exceeded the larger figure and your directors feel that we should now appropriate onder that our pro-he maintained in good final dividend ut 34 per cent. an "10000. preference shares Te Outgoing for special repairs and renewals were less severe than in 192% but it ix considered desirable to build up this fund for future eventual spite of the fact that we had Tls. 66,362.31 at the on credit of this Account on December "Amherst in September then he will be able view of the est sul ite condition and be able tol eompses it with Java and Mal properties The Accounts Tuning to the
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