Next Mr. Boyka said that he did not see the need for six directors. The chairman replied that the company actually had four working directors, and as nope of them received any remuneration for their services the question of the number tors did not arise, Mr. Soyka all of which were satisfactorily answered by the chairman.
The meeting was brought ta A close by a vote of thanks to the board of directors, proposed by Mr. Hans Berents, Mr. Berents said that he wished io thank the board for the manner in which they hod handled the difücult rk which had fallen to their lot during the past five years.—The board, Mr. Berenis, emphasized, had Received no remuneration for their services on behalf pf the company.
Conveying the appreciation of the board to Mr. Berents for his remarks, Davey said that perhaps the might have expected same ce-moration for their work, but they expressed a wish not to be remunerated, and the question of remuneration, in all probabi, vould not be raised again. Mr, Davey brought to the attention of the meeting the enormous amount of work carried ow by Mr. H. E. Arnhold on behalf of the company, placing upon him the responsibi...y ior bringing the company's affairs into their present satisfactory posi-
Text read from the printed page and cleaned; old type leaves the occasional error.