tion Industry: Opposi wual_ general meeting of was held March 14 in the Board Room of Messrs. Arnhold & Ca., Ltd, Sassoon House, The Bund, when' thers fan attendance. representing, 6 shares.
Mr, ME. Arshold, chairman, presided, and he was supported by Messrs. 'A.W. Burkill, A.-M. nan and FR, Davey (directors), Mr. ALL, Blechynden (managing director)," Me. N, Maas (manager fand director), and Me, C. A, Mame and the auditors' 5 been read, the chairman said:—Gentlemen,—With your permis: sion T will take the report and accounts for the year ending December 31 last as read, they having been in your hands for some day It is with much pleasure that I! with an account before which T feel sure you will con:
highly satisfactory in every T made reference Inst. year to the process of general reorsanization which was taking place at the works and the benefit it was ive therefrom, and expectati not only been realized but even surpassed what was considered possible, T referred to. the determined attack that was being made upon that ever increasing charge mon to most businesses in China; se. overheads. Notwithstanding the turnover has again teased, which in the would naturally text expenses, it is most. seratifyings to learn th economies [have Leen effected dur ig the year which have resulted ina saving lets than Tis, 47,600 in the genal overhead charge of the
Text read from the printed page and cleaned; old type leaves the occasional error.