Both the Singapore and Hongkong branes lot seats Kelly. of the company held on June 25 at their Shanghai ofllees. Present at the meating were Messrs. AE, Glover chairman, AI.
Waller, JH. Searle, AS, de Jesus, secretary, and shareholders, repres-outing 24447 shares. In his speech, the chairman 30
The accounts are presented in 1 same way as last year, and being clearly set out call for litle explana tion, beyond the usual summarized remarks on the company's activities during the year, Singapore—Our business here shows a steady improvement over the previous year, and has yielded avlarger amount to the credit of the robt and loss account. The mor gage on our property fell due on 'March 31 of this year, and through the courtesy of our bankers we were able to pay this off by means of an overdraft on current account at the fame rale of interest. 'This, os you will readily understand, has' resulted an appreciable saving of interest charges and will continue to do so.
Hongkong—Aftor several dificult years Wwe are. glad to report that Business conditions show a decided improvement and our branch there has been able to show a better
Text read from the printed page and cleaned; old type leaves the occasional error.