S. Greenhill, Cheng Ching-po. 'S. Danenberg, J. Owen Hughes, Paul Lauder and G. E. Towns.
The Boycott The Secretary having read the: notice convening the meeting, The Chairman said:—Gentlemen—The Report and Auditors' St having been in your hands for some days, I propose with your consent to follow the usual custom of taking them as men, sure, realize read. For obvious reasons, gentle-
that and' indeed would be unwise, for, me to dwell at length on the incidents of the past seven months which are common knowledge to you Under all the circumstances, the balance sheet may be considered satisfactory. For the first six months of the year, our trading results compared very favourably with the average figures of preced: ing years, and, given normal times, we feel certain we could have set before you a good balance sheet. The year has been marked by the strike in June and the boycott of British South China. Our Macao service was suspended from June 18 to July 27 when one boat was put on the run. Less than a month later, on August 22 the full service to Macao was resumed.
Text read from the printed page and cleaned; old type leaves the occasional error.