At a special meeting of the share~ holders of the Yangtsze Rapids Steamship Company held on July 2 at Shanghai, Mr. Lansing Hoyt, the President, announced that the nett profits for the first six months of 1928 were 203,000, after reserving 30 per cent. for depreciation and writing down. goodwill 15 per At the same meeting Mr.
Schuhl was elected a Director to succeed Mr. ©. V. Start, who resign: ed owing to his "departure for America, Mr. Hoyt stated that the situation in West China was rather. obscure politically, but that goody were being ordered.
Text read from the printed page and cleaned; old type leaves the occasional error.