The following resolutions were carried Proposed by the Chairman, seconded by Mr. Dyer:—That the report for the third financial year, the balance sheet, the general inventory of assets and profit and loss account for the year ended June 30, 1923, be adopted and passed.
Proposed by the Chairman, seconded by Mr. Morriss:—That the Directors' suggested appropriation of balance at credit of profit and loss account, be sanc-noned and passed.
Proposed by Mr. Ichinomiya, seconded by Mr, Takahashi That Messrs. Michio Nodsira, John Prentice, Williamson John Norman Dyer, Henry Ernest Morriss, and Kyosuke Otani, be elected as Directors of the Com pany in place of those retiring.
in connexion with this resolution, Mr. H. Robertson suggested that only the Chairman and Mr. Morriss were eligible for election, and his objection was recorded.
Proposed by the Chairman, seconded by Mr. Otani:—That Keitaro Kuroda, be elected as a Director of the Company in order to increase one more Director.
Mr. Robertson asked for information as to Mr. Kuroda's qualifications, and whether he was The Chairman—According to Japanese Jaw, it is quite suffd cient if the shareholders are agreeable to his election. Mr. Robertson is probably thinking of British Jaw, ander which it is necessary to. notify the new directors beforehand.
Mr. Robertson—I_ am not here to be told what is British law. I would remind you of the compact signed in this room that there should be five directors only.
The Chairman-According to the articles of association, the number of directors is to be seven, or less, and the number of auditors two, or less.
Mr. Robertsen—A compact was signed in this room limiting the number to five.
Text read from the printed page and cleaned; old type leaves the occasional error.