Statutory and General Meetings:
Mr. A. J. Welch presided at a statutory meeting of the Carlton, Ld., held on June 30 at the head office of the company, No. 10 Canton Road, for the purpose of complying with the provisions of the Ordinance.
The notice convening the meeting having been read, the Chairman said Gentlemen,—This meeting is called to comply with the Hongkong ordinances which, as you are doubtless aware, require every Pub! Company to hold a statutory meeting within three months from the date on which the Company is entitled to commence business.
The Statutory Report has been in your hands for several days and from it you will have seen that up to the date it was compiled the applications for shares amounted to Tls. 64,700 out of the Tls. 100,000 we were asking for and since then a further 24 shares have been applied for. This amount is sufficient for our immediate requirements, so no special efforts have been made to dispose of the balance although we feel confident that there will not be the least difficulty in doing so. The sum of Tls. 50,000 deposited with the landlords of the new building carries interest at the yate of 8 per cent. per annum and is repayable in five equal annual instalments commencing immediately after the new building is completed. A list of shareholders is lying on the table and is open for your inspection. As an ordinary general meeting it to be held immediately after this meeting, I will reserve any remarks that I have te mate on general matters until That is all I have to say, gentlemen, but if any of you have any questions to ask I shall be pleased to answer to the best of my ability The statutory report as presented was passed, on the proposal of the Chairman, seconded by Mr. L Ladow.
Text read from the printed page and cleaned; old type leaves the occasional error.