the shareholders of the Chinese The annual general meeting of Engineering & Mining Ca., Ld., will be held in London on December 10, when the directors' report and statement of accounts for the year ended June 30, 1923, will be submitted. The following is an extract from tha directors' report The net result of the year's transactions shows a: balance to the credit of profit and loss account of £134,199, made up as follows Proportion of Kailan Mining Administration's profits plus China interest 422,102 Interest in Europe 5,044 Agency fees 6,000 Sundry receipts - 146 Balance brought forward 5,945
£430,287
Depucr:
Expenses in Europe 15,768 Cost of New coupons and share warrants 3,412 Directors' Fees 4,200" Exchange 12,444 Income tax 140,114 Corporation profits tax 24,100 Interim Dividend paid 30/5/1923 105,000
£305,038 Leaving a net balance of £134,199 which the Directors recommend should be appropriated a3 follows:—
Final Dividend 8} per cent.
(free of income tax) £119,000 Directors' Percentage 4,662 Balance carried forward 10,537
£134,199
Text read from the printed page and cleaned; old type leaves the occasional error.