ment in Shanghai the fifteenth annual general mee! Mr. John Prontics presided at
hat Dock & El jneering CE." Ld., Of shareholders in the Bhansheld at the be office, 26 Broad-Shs speech, the Chairman Tuesday.
said i—Before beginning the business the meeting, 1 wish to refer to the death on October 15 lasty whilst a home on leave, of our much estecnsecretarys Mr. Tames Osborne. Mr. Osborne was Baer neeted with the Company one a predecessors for 26 years and, 1 can assure} you that, during that. long yened had gained 3 condense Tea on companies he sored, spect, esteem and
to Mrs. Osborne, their deep rare Pes directors have had convey -and sympathy with her in her so Joss and 1 feel certain To join with us in regret and SSTBN a vi i re et and two steamers China Mer-2 for the uring the year, formal resolutions were carried kow river- service (one of which, unanimously. the Kiangan, has been delivered, The Chairman said: Before and the other, the Kiangshun, closing the meeting, I have been will be delivered shortly), a river asked to give my opinion as to the gunboat for His Italian Majesty's future. So far, there has been no Navy and a large cargo pontoon improvement, but there are signs for the Indo-China 8. N. Ca. The that an improvement ie taking result of the year's working, owing place at Home and, with the ex-to the great depression in shippected revival in the export and ping, shipbuilding and repairing, import trades and the improvement does not compare favourably with which is bound to follow in ship-that of last year, but does so with ping and all connected with it, the years ended April 30, 1918, and our business ig bound to improve. i919. It was in the latter half of I personally have no doubt that we the year the depression affected us have a good future before us and, so badly, as the profit for the first with today in the bank, on fixed half of the year ended October 31, deposit, Tls. 1,370,000, to which 1920, showed an increase over that within the next few days we shall of the half year ended October 31, be able to add a considerable 1919, of about 30 per cent., whereas, amount, we shall be able to see for the whole year ended April 30, ourselves in a very strong finan-1991, there was a decrease of about cla] position.
40 per cent.
Text read from the printed page and cleaned; old type leaves the occasional error.