Low Average of Accidents on Shanghai Trams: Four Fatalities Out of 112,000,000 Passengers During the past year, the vehicles of the Shanghat Tramways Company carried over 112,000,000 passengers fand the number of accidents to this vast -army amounted to on average of only 042, the number of fatalities being four, This was mentioned by Mr, 1H. Martin Little, chairman, fat the Bist ordinary general meeting Of the Shanghai Bleetrie Construction Ca, Ltd, held on April 19 at 185 Soochow Road. Other directors present were Messrs. F, R. Davey, Ellis Hayim, Li Ming and P. W. Poate.
Tu his speech, the chairman sald:—Before proceeding with the business of this meeting, It is with deep regret that T have to refer to the death of 'Mr. A. D, Bell, one of your Directors, which' occurred on March 4 last.
For. almost two years immediately preceding his death, Mr. Bell occupied A seat on this board, and by his Outstanding knowledge and judgment coupled with his wide experience, Fendered invaluable service in the affairs of your company.
His. passing leaves us with a real senso of loss and our sympathy goes out to his widow and family in their "The amount at the credit of ap~ propriation account including the sum of £42,155.173, brought forward from last year is £182,492.60., which compares with £168,890.63, for the previous year, Sterling exchange was notably stable throughout the year, any Variation being within the narrow range of 1/2-5/16 and 1/2-19/32. Tu the accounts now before you, all revenue items have been converted sterling at 1/2-3/8 per dollar except where actual rates have been obtainable, The corresponding rate for the previous year was 1/58.
"In accordance with the practice for game years past, the sum of £40,000 has been carried to Reserve for Renewals which brings the total the credit of that account at the end of the year up to the substantial figure of £271,722.
Text read from the printed page and cleaned; old type leaves the occasional error.