The annual report of the directors of the Union Club Proprietory Ltd. is to the following effect;—
Profit and Loss Account.—The company's income for the year under. review amounts in all to the sum of Tis, 5226.32 this with the sum of Tis, 6,589.74 carried forward from the previous year, makes a total gross surplus of Tls. 11,766.06, The amount of expenditure, including 10 per cent. depreciation on furniture ete., amounts to Ts, 3,376.08, leaving a nett surplus of Tls. 8,390.98 at the credit of profit and loss account, this sum, the directors. pre pose to carry forward to next year's account.
Investments: 'These have been creased by the purchase of an ional Tls. 2,300 worth of 6 per cent. S.M.C. Debentures at a cost' of Tis, 2,011.
Directors: In. pursuance of the Articles of Association Messrs. G. L. Wilson and Chun Shut-kai, retire at the forthcoming ordinary general meeting, and being eligible offer themselves for re-election, Auditors: The auditors, Messrs. Lowe, Bingham & Matthews, offer themselves for re-election for the current year at a fee of Tls. 50 per
Text read from the printed page and cleaned; old type leaves the occasional error.