and the work of building is progressing favourably. The looms for this new mill are of the most improved type, especially suitable for Chinese sheeting, and expected to yield much better results than the ones at present in use. The supply of power will be made by the §.M.C.
The question of labour, as we stated before, is getting to be one of the most dificult problems, and is receiving the serious attention of the management.
The wave of class war which has been spreading rapidly all over the world, did not spare this old peace-loving nation, and here in Shanghai, those connected with various industries have equally suffered and hardly any have escaped from some menace.
I think it is time to give most careful and far-sighted consideration to devising ways and means to reduce this kind of trouble to the minimum.
For the reason stated ju the report and for the purpose of relieving shortage of housing accommodation among our workmen, whose welfare should not be lost sight of, your directors have acquired certain land within easy reach of the mills and have erected a number of houses. The result of the enterprise, I am glad to say. is exceedingly good.
Gentlemen, this all I have to say, but before placing resolutions before you, if anyone has any questions to ask, I shall be very pleased to answer them to the best of my ability.
Text read from the printed page and cleaned; old type leaves the occasional error.