The seventeenth annual general] shelders in. the tree, which is extremely satisfactory considering that the trees are only JSust-six years old. Large nurseries [have been: prepared, some 50 acres jin extent; for bud-grafted stumps from our proved groups of trets, as we anticipate that, in the very "That the sum of Th representing unclaimed: forfeited to-the. company, be now paid to tHe registered owner of the shares."—Proposed by the Chairman and seconded by Mr. W. R. McBain, The Chairman explained, with Tevel required to maintain the services of the foreign loans de-Pendent thereon, These loans. are thus reduced to a state of great insecurity, while there are serious fears for the Administration itself, which a short time ago: was, thanks to its reorganization with foreign supervision, providing the Chinese Government with a revenue almost rivalling the Customs, As for the unsecured foreign debt, all early prospects of a settlement were suspended with the break-up of the Tariff Conference, Although I would hardly venture to call the outlook in China encoi aging, the earnest endeavours being made to arrive at a solution of present difficulties lead mo to hope that some arrangement, satisfactory to. all parties, will not be long delayed.
I now propose the adoption of the Report and. Statement of Accounts, After the proposal has een seconded and before placing the motion before the shall be pleased to answer: best of my ability, any question wrhlch "Sharehelore' may ave, to
Text read from the printed page and cleaned; old type leaves the occasional error.