The following ts the report of the Airectors andthe statement Metropolitan Land Ca, Lid, for fiscal year ended. Sepiemrer 30 for Presenlation to the shareholders at the fifth annual generat meeting. 40 be held in the company's board yom Wednesday next, November #3, The net profit for the fscal_ year ended September 30, 1904, amounts to 'S $170,00855, which with the! amount. brought forward from last year, 'S§70.60151, makes" a total B$2d1.300.08. "The directors recom= mend that this sum be dealt with as fellows:
Payment of a dividend of '$00 per chare 'Transfer to building reserve 20,000.00) (making a' total of $830,000) Carry "forward, Caublect fees) Sarit payment Directors?
65,525.68
During the year Messrs. D. S. Scott, V. Start and A. McLure retired and Messrs. W. A. Hale and G. Marden were invited to join the Board. Their appointment now requires confirmation.
Messrs. R. Calder-Marshall and O. Okamoto retire by rotation and being. slesible, offer themselves for re-clection.
Messrs. Thomson and Ca, the audlors, retire and offer themselves for: those retiring. Proposed by Mr. Tu and secluded by Mr. T. Ogcobi.
Text read from the printed page and cleaned; old type leaves the occasional error.