No new undertaking can expect to be entirely free from trouble as you are all aware, through the medium of the Press, we have experienced a slight upset through our conductors resigning owing to the dismissal of one of their number for insubordination: The men were warned that if they submitted their resignations they would not be reinstate The majority of the men, how: ever, resigned on Monday, Feb: ruary 23, but with the assistance of spare drivers the services were maintained during the rush hours without collection of fares, as your directors were determined that at any sacrifice their clients, the public, should be served, Our thanks are due to the S.M.
Police for assisting us in such an fable manner at thix juncture by providing wx with a number of candidates to be trained as conductor, The company's staff at once took these men in hand, and after an intensive period of train-ug, the company was able to resume its normal services within three days trouble. from the commencement of the
I will take this opportunity of expressing our very sincere appreciation of the courteous consideration which our company has received from the S. M. Council and their officers. Questions have arisen which have brought us into contact and discussion with almost every department of the Council and our thanks are due to the officials concerned for their valuable help and ce-operation.
'Tram' Company's Generosity It is also very pleasant to place fon record. that during our recent trouble with our conductors, our friends, the Shanzhai Construction Company, at once came forward with offer to assist us in our dificulties. This most generous action fon their part is most warmly ap-
Your directors consider that the future of your company is most pro-rising. Already we are in close touch with the French Municipal Council and French Tramway Com pany in regard to the operation of services in the French Concession fand we trust that before a year has passed, our hopes in this direc tion may be realized. conclusion, I would express the thanks of the directors to our staff for the excellent work which they have carried out in the development maintenones and opera tion of our Services.
The Resolutions The following resolutions then passed:
That the report and accounts for the year ending December 31, 1924, as audited and presented, be passed, Proposed by the Chairman: seconded by Mr. WeR, McBain, -Messry. Chun Bing-him: R. McBain be re-gleeted of the' Compang-—pre posed Sy' Cuiptain se¢onded by Mr. J.-S: 8. Cooper.
Text read from the printed page and cleaned; old type leaves the occasional error.