That the report and accounts as presented be accepted and passed. Proposed by: A.-M. Cannan and seconded by: TI. B, Arnhold, That the Directors be authorized to pay a Final Dividend for the year 1028 of 6 por cent. and a bonus of per cent. on the paid up capital to shareholders on the register at this date. Proposed by: A, Cannan, and seconded by: Hi.
That Messrs, J. J. Paterson and han, Bing Him "be "reflected ty'c.'M, Bain, an aesonded bys ivectors of the Company, Proposed
aM. Green, 'That the election of Messrs, P. W, Massey and H. EH, Arnhold' Directors of the Company be hereby confirmed. Proposed by: V. Meyer, and seconded by: C, A. Peel.
That Messrs, Lowe Bingham Matthews be elected Auditors for the current year at a remuneration of $2,500. "Proposed by: A. Brooke-'Smith., and seconded by: C. M. Bain, That the Directors be authorized to pay a bonus to the members of the staff of the Company, the amount. to be at the discretion of the Bourd.
Proposed by: A. M. Cannan, and seconded by: H. B. Arnhold, That the capital of the company be increased to $7,020,000 by the creation of 28,400 new shares of T's. '56 each, ranking for dividend and in sll other respects pari paasw with the existing ordinary shares of the Company. Proposed by: A. Cannan, seconded by: HE. Arnhold.
At the conclusion of the meeting Mr. A, Brooke Smith said: With your permission, Mr. Chairman, I beg to express, on behalf of the shareholders, an appreciation of the extremely able manner in which the affairs of this company have been conducted during the past three years—during which period I have been absent from Shanghai. 'The improvement in the status' of the company is a matter for eongratuln~ tion and T beg to propose that this appreciation of the work of the Board and staff be recorded in the This motion was seconded Bain
Text read from the printed page and cleaned; old type leaves the occasional error.