The annual meeting of the Wei-rei Land & Building Ca. Ld, was held last Friday morning in the China Mptual Building, No. 10 Canton Read. Mr. R, E. S, Gregson pr¢- sided, assisted "by Messrs. A. J. Welch and W. H. Smith (Directors), and there were present shareholders representing 2,513 Shares, The notice convening the me andthe auditors' report having been read, the chairman said:
The report and accounts been in your hands for some days and, with your permission, I will toke them as read.
The working account thows Tls. 65.10 more profit than last year duc to repairs which were Tis, 246.96 less, rentals Tis, 107.82 and_exchange Tls. 79.30, also both less, und other small differences, Profit and loss account, _after providing for depreciation of 10 per cent, on furniture and 2) per cent. on the cost of all buildings, shows a balance at credit of Tis, 5,844.08, out of which it is proposed to pay a dividend of 6 per cent, or Tls. 1.20 per share, absorbing Tis, 4,408.80 and to carry forward. the Balance of Tls. 1,435.28, Leases for the coming summer have already been signed for all the bungalows.
Regarding the future, there is still no definite news about iendition.
T have nothing further to ray, but if any shareholder has any' questions to ask I shall be please! to answer them to the best of my ability.
There being no questions the following resolutions were then proposed and carried unanimously:
That the report and accounts ar presented be passed, and that a dividend of 6 per cent. or Tle. 1.20 per share be paid—Proposed by Mr. R. ES. Gregson, seconded ly. Mr. A. J. Welch, That Mr. R. E. 8. Gregson re-elected a director of the company,—Proposed by Mr. H. J. Clark, seconded by Mr. Chas. W. Cooper, That Messrs. Lowe, Bingham Matthews be re-elected auditors to the company.—Proposed by Mr.
Cooper, seconded by Mr, This concluded the business of the meeting.
Text read from the printed page and cleaned; old type leaves the occasional error.