The 16th annual general meeting of the Shanghai Dock & Engineering Ca., Ld., was held on Monday afternoon, Mr. John Prentice presiding. He was supported by Messrs. H. W. Lester, B. D. F. Beith and P L. Knight (directors) and Mr. J. A. Dawson (Secretary). The attendance represented 7,929 shares.
In the course of his speech the Chairman said The depression in shipping, shipbuilding and repairing increased rather than decreased, as we had hoped during the year, but with so much against us we consider and think you will agree with us that the result of the year's working is net by any means unsatisfactory.
The net profit for the year including the amount brought forward from last year amounts to Tls. 824,585.82. oe who After paying an interim dividend in February last of Tls. 3 per
Text read from the printed page and cleaned; old type leaves the occasional error.