Net Loss $140,000: Commotion by Shareholders Peking, May 23.
At the annual meeting of shareholders of the Bank of China yesterday afternoon, the Governor, Mr. Feng Kuo-kung, presenting the report, said that the year's operations had resulted in a net loss of $140,000, the expenditure of the head office and the various branches amounting to $5,000,000.
Without allowing the Governor to conclude his report, several; shareholders interjected with ques-! tions regarding the alleged unsatisfactory services rendered by, Bank officials.
A motion was then introduced to appoint a committee to examine, the accounts and during the ensuing, debate a shareholder contended! that those shareholders who were, members of the banking staff were not qualified for election to this: committee.
The discussion warming up, the banking staff protested vigorously against the forfeiture of their, privileges as shareholders owing to their employment by the Bank.
Mr. Lin Wen-yuan suggested referring the matter to the Supreme' Court, but this suggestion found few supporters.
The meeting was finally adjourned without any decision being} arrived at.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.