The Shanghai & Hongkong Banking Corporation.—An Interim Dividend of 23 per share, subject, deduction of income tax, will be payable on August next.
The Register of Shares of the Shanghai Branch will be closed from July 24 to August 5, 1922, both days inclusive.
The Shanghai Dock & Engineering Ca., Ltd.—Sixteenth Annual Genera] Meeting will be held at No. 26 Broadway, Hongkew, on Monday, July 31, 1922, at 5 p.m.
The nett profits for the year ended April 30, 1922, including the amount brought forward from for tribution Tie 668,985.82 which the directors will recommend at the forthcoming annual meeting last Phe} amount to Tls. $34,585.82. Deducting the Interim dividend of Tls. 3 per share, there remains 6 dea! as follows:
Pay a final dividend of Tls. 7 per share (Mkg. Tls. 10 for the year) Tls. 386,400.00 Add to special reserve account, bringing it up to Tls. 1,250,000.. 4 100,000.00 Add to depreciation account, bringing it up to Tls. 700,000 ce. 115,000.00 Carry to new account oe oe o oe ow ce " 67,585.82
Tls. 668,985.82
The Transfer Books will be closed from July 24 to 31, 1922, both days inclusive.
The Shanghai Waterworks Ca., Ltd,—The directors have decided to postpone consideration of the the question of the purchase of the water supply undertaking by the Municipal Council, or, in the event payment of an Interim dividend in respect of the current year until a decision is reached in regard to of such decision being against purchase, until modification of the agreement of July 1905 between the Municipal Council and the company be agreed upon.
The Shanghai Land Investment Ca., Ltd.—1/8/1911 Issue of Debentures, 6%; and The Debenture Registers of ite above Companies will be closed from July 24 to 31, 1922, both The Hall & Holtz, Ltd.—1914, 7%. days inclusive.
1922, it was decided that the shareholders be recommended to opport ion the balance of Shanghai Tis, The Shanghai Cotton Manufacturing Company, Ltd,—At a meeting ofthe directors held on July 20, 2,060,089.92 at credit of Brent, and loss account on June 30, 1922, as follows Dividend of Tls. 12,50 per share Place to legal reserve fund.... o - o* oe. 000.00 Place to special reserve fund ce oe ace ¥ he oe ae 400,000.00 Allow for depreciation o. oe oe oe ey on de 282,374.66 Bonus to staff at mills - oe oe oe. 80,000.0 Add to staff provident fund es os se - - 15,000.00 Workmen's relief fund o* oe seg? a a es 15,000.00 Carry forward ce ai ie ie es a a a6 167,715.26
Tis, 2,060,080.92
Text read from the printed page and cleaned; old type leaves the occasional error.