Annual and Extraordinary Gen-|" eral Meeting: Shares Split Up Phe annual general meeting of the Shanghai Sumatra Tobacco Ca. Li.
Was held on Tuesday afternoon At the offices of the general agent Messrs. George McBain. Mr. R.S.P. McBain presided, supported by Messrs. John Prentice, A.W. Burkill and W. R. B, MeBain and there was an attendance represent ing 8,015 shares.
The notice convening the meeting having been read, The Chairman sai The profits from both the and rubber accounts may be considered satisfacto: y and have enabled us to wipe cut the debit balance of Ts. 25% 810.33 brought forward from last year und we carry forward a credit balance of Tis, next 7,169.19 to counts there is nothing that requires any special mention, I think. They are presented. in the usual form and are self-explanatory.
Soon after our meeting last year we were able to announce that the Whole of our crop had been sold privately ut Glds. 245 per half kilo and, as indicated in my remarks then, we were thus placed in a good financial position, I do not think we have uny rosen to be other-Wise than satisfied with the price obtained although possibly the buyers made a profit on the trans action. As T explained last your we did not feel that we were in a Position to run any risks secing that such a price would secure our Position and relieve the company the anxiety: it had laboured under for some years.
Text read from the printed page and cleaned; old type leaves the occasional error.