Proposed by the Chairman, seconded by Mr. Dyer: That the Company's articles be amended to accord with the increase of the Company's Capital and to provide that there shall be two Directors either of whom may represent the Company E. "G¢ Crause. To Be AtreRED. Aticles: The capi- The capital of tal of the Com- the Company is pany is four mil- six million Shang. lion Shanghai hai taels taels.
Article 6. Afl the AN the shares shares of the of the Company Company shall shall be name be name shares. shares.
The faces value of The face value each share shall of each share shall be 50 Shanghai be 50 Shanghai taels. taels.
The total number The total _num-of shares shall ber of shares shall be eighty thou. be one hundred sand (80,000). and twenty thousand (120,000).
All the shares The time of calls, shall be paid up amount and method fall at one call. of payment, shall be decided at the meetings of the Board of Directors. Article 27. One of—Two of the direc-the directors tors shall be elect-shall be elected ed by a resolution by a resolution passed at a gener-passed at a gen- al meeting to re-eral meeting to present the Com. represent the pany and each of Company and he such directors re-shall "be the present the Com-Chairman of the pany.
Board of Direc- The directors tors. who represent the Company, may elect one of them as the Chairman of the Board of Directors.
Proposed by Mr. Dyer, second ed by Mr. Morriss: That Messrs. Michio Nodaira and Kyosuke Otani, be elected as Directors who represent the Company.
In proposing that, at the discretion of the Board, a bonus be paid to the staff for the past year, Mr. Robertson said he had pleasure in doing so because: he thought they-were entitled to it. Although e shareholders were getting none, it was not their fault. They would have to yo farther and further to find out who was responsible for what they were not getting. However, the labourer was worthy of his hire, and he had great pleasure im voting this small honorarium.
The resolution was carried, and the Chairman thanked Mr. Robertson-on behalf of the staff.
As the meeting closed Mr. Robertson proposed a vote of thanks to Mr, Nodaira and his assistant in the Cotton Department, Mr. Otani, for their work during the year.
Tre "Central China Post" says that the latest rumour in the Chinese streets is to the effect that the lease of the British Concession at Hankow has only got another year to run. The Streets Union Guild is stated to be trying to raise up enough enthusiasm to stage a mass meeting to demand that a renewal be refused. Attempts are being made to raise a similar agitation in respect of the Tientsin Concession.
Pexine, Aug. 1&—The Union of the Provincial Assemblies of the Three Eastern Provinces have issued a circular broadcast to Chinese and foreigners stating that the people of Manchuria will not recognize any loan which the Chibli party or any other outside of Manchuria may secure upon the port of Hulutao, without the approval of the people of Manchuria.—Reuter.
Gourers in China will read vith interest the news that a well-known resident has just done a hole in one on a Canadian course. Recording the incident, the "(Daily Colonist" of Victoria, B.C., of July 19 says:—Playing on the Oak Bay links of the Victoria Golf Club yesterday, Mr. F. B Marshall, of Amoy, China, while playing with Mr. H. E. Daunt, of Kobe, Japan, holed out in one stroke from the seventh tee. The distance is 197 yards,"
Text read from the printed page and cleaned; old type leaves the occasional error.