Claim by Committee of Not Enough Support 'The 11th ordinary general _mectin of shareholders of the' Union Club Proprietary, Ltd., was held in the Union Club of China on March 28, when Brig. Gen. E. B. Macnaghten, supported by Messrs. GI. Wilson, N. F. Allman, A. R. Hager and Chun Shut-kai '(directors) and Mr. K. MeKelyie (seeretary), presided.
In his speech, the chairman As the report and accounts for the year ended December 31, 1929, save now been in your hands for some time, 1 will, with your pernoission, take them as read. You will observe that the balance at credit of profit) and loss account amounts to Tis, 1,851.24, this with' the sum of Tls. 6,589.74, carried forward from last' year, makes a total of Tis, 8,890.98 which sum the directors propose to carry for ward to next year's account, 'You will note that the company' investments appearing' on the balance sheet now amounts to Tis 89,100.00 of S.M.C. debentures, at a cost of Tls. 87,086.21.
T do not think that there anything else in. regard to the accounts that needs an explanation from me, bat, before formally proposing the adoption of the report and accounts, I shall be pleased to swer to the best of my ability questions which any shareholder desires to ask, No questions were asked so the! following resolutions were put to the meeting and carried:—
That the report and accounts presented be approved and passe—Proposed by Brig-Gen. 'E. B. Macnaghten and seconded by Mr. JH, Lee.
That Messrs. G. L. Wilson and Chun Shutskai be re-elected direeters of the company.—Proposed. by Brig. Gen, E. B. Macnaghten and seconded by Mr. A. R. Hager.
Text read from the printed page and cleaned; old type leaves the occasional error.