Stal Electric Construction In addition to the profitable rolling of steel bars, the meeting of a ready 'The following Is the report of the demand for' all forms of iron and directors of the Shanghai Electric steel and a similar demand for non-Construction Ca,, Ltd, to be presented ferrous metals of all kinds, there are to the annual meeting of Sharcholdnumerous uses to which the product at 185 Soochow Road on April of old ships is put locally. A great percentage of the agricultural and 'The directors submit the company' domestic implements used in the accounts for the year to December 31, 1996, with which the audited accounts Interior of Central China are made from London have been incorporated. from plate, either derived from old vessels at' Shanghai or otherwise Balance brought forwa won prof ahd) ions ace imported here. Even in times se, & 327857. 9 normal steel supply, the shipbroken reduct can be produced more cheo ly than that imported, whilst at the resent time the world demand is so great that a very large disparity 40900. 0.0 exists, The first directors of the concern Bal for are Messrs. G. E, Marden, F. R.|\ grieana, 6, 0
Davey, Ellis Hayim, Song Yung-kwo and ©, G. Steen; the bankers are the Hongkong & Shanghai Banking Corporation and the National City Bank of New York; Messrs. Platt, White Cooper & Ca. are solicitors: Messrs, Thomson & %o., auditors; and Messrs. Wheelock & Go, secretaries fand general managers.
Fae 3" par "cent {OF the" Year) €020000 sie 100, 0.0 Leaving to be carried sword" "08 cares 25.202. 6.0
Erronrs to prevent Japanese from Sterling exchange was notably further shipping out Chinese copper stable during the year, any variation coins are' being extended from being within the narrow range of Shanghai to Tientsin, says the "Na-and 1/248. anal Herald." The Japanese are For the purpose of the accounts ble to make 40 to 50 cents out of now submitted, all revenue items have every dollar worth of coins smuggled been converted to sterling at 1/23%d. out, it is said, except where actual rates have been obtainable.
Floating' assets and Mabilities have also been converted to sterling at '9f some' §50000/000 ae\a direct result this in spite of a loss to the Treasu The new nickel and copper coins of smuggling. which appeared In elreulation in Feb:
Routine matters which have called ruary, 1996, on the basis of one for Your committees attention, dur hundred cents to the dollar, are now ing the year are dealt with fully in popular use and are largely used the anndat report and the monthly on- our vehicles in the payment of circulars have Kept members. ite fares. formed of "all. matters "of interest The old copper coins are also in ERH' nave ome before the: Chame circulation in reduced quantities, The average rate of depreciation on tiiest dye ike to, ko, tis oppor: for the year was 60.90 per cent. com-the Chamber forthe" work done rity to express oon pared, with 69.55 per cent, for the preceding year, during the year by the Shipping Sub-'The remuneration paid to the com-Committee. "They Have greatly faci. pany by the Singapore Traction Ca. Hated the Work "of. the General Lid, in respect of management parti-Committee by the careful manner in ipaiton for the period October 1, which they" have deliberated over 1835, to October 17, 1935, amounted the various matters which have been to £978.103. The sim of £2,6444.11 Subwitted Wo them for recommenda™ In respect of income tax deducted from the management participation payable to the company by the Sin-nothing ling foe special comment thing taling Toc speck cement have again to "thane "atr gapore Traction Ca, Lid, for the year ended September 30, 1935, has been Lester Arnold for fuding them, and refunded and appears in the accounts Tam glad to state. the' Chamber's now submitted, finances continue in 'a satisfactory During the year our trolley bus condition, route mileage was extended and ten The New Committee additional trolley uses were put into service, At the close of the year the number ort and accounts were passed and There dig n> questions, the re-of passenger vehicles in stock was:—the following were elected to the 'Trailer cars committee for the ensuing year:—'Messrs. G. Boolsen, P. H. Bordwell, J. Cochet, K. M.' Fetterly, ES.
Franklin, R. Gordon, A. S.' Henchman, W, 1 Lock, H. W. P, MeMeckin,
Text read from the printed page and cleaned; old type leaves the occasional error.