nieeting of shareholders of the Asia Realty Compsny, Federal Tne, U.S.A., was held on February The report of the directors on the operations of the company for 1929 was as follows:
The year through which we have ust passed has been very success-fol in practically every phase of our activities. Both purchases and sales have been numerous and we: wish to draw to your attention that almost 50 per cent. of the company's holdings at the beginning of the year have since been sold and many new holdings have been purchased. We have acquired under attractive terms the former Liddell property on Bubbling Well, Medhurst and year. It is planned to increase the capital through the issue of nonvoting common stock; the issue of
a heavy construction programme. We shall bend every effort toward carrying forward this programme to successful conclusion.
The board of directors, as at present constituted, is eligible for re-election.
Also, the auditors, Messrs. Thomson & Company, are open for re-appointment, The shareholders then elected Messrs. T. €. Britton, F. J. Raven, 4H, Sandor and E. Sigaut to serve as directors for the ensuing year. Messrs. Thomson & Ca, were reappointed as auditors.
Courarative, STATEMENT FoR THE YEARS!
1928 Ax 1929, Loans sa0;8e6.1s 385,16 Real Estate $2,209451.14 $8,787,303.86 1028 1929 have since sold at a. good prof Sardry Debtors S227? Avenue Roads, part of which we
Text read from the printed page and cleaned; old type leaves the occasional error.