In 1931 your Company purchased! 25000 shares of the China Really stare, The unfortunate predicament of the China Really Ca, is well-known to you and as the value of those [shares is, and will be for some time, problematical we have written them down to $1.00 per share. The detailed financial report will show that the heavy losses sustained by your Company in 1034 and 1935 were on Jeans made during the years of 1931, 1932 jand 1033.
The Resolutions The following resolutions were assed: "That the Minutes of the Annual held on March for the year, 1995 ge presented be pasted.—Propored Ae. H. Parker, and seconded by Mr. LIP. Payne.
'That' Mesire. Turner, Sturrock Mors for Year 1890, Proposed by Mr, B. Mont Webs, and seconded by bt. C. L, Seitz, That the present dirceiors lected en bloc; namely Messrs, R. Hi, Parker, H. P. Payne and M, Spociman—Proposed by MrJ.P.. Gatton, and seconded by Mr, W. A. Hal
Text read from the printed page and cleaned; old type leaves the occasional error.