As to the future, there is every indication of the continuance of the prosperity we are now witnessing. Cotton crops are reported to be good everywhere, and it is expected that the price of the raw material around the present level, if it does not go lower. At the same time, stocks of yarn, both here and in the interior, are low and with a ready demand for all that the mills can produce, coupled with the unfavourable rates of exchange which is not likely to induce any large imports foreign manufactured yarn, yarn prices will, in all probability, be maintained' at the present level, provided there is no political upheaval.
Gentlemen, I have nothing further to say but before proposing th adoption of the Report and counts, I shall be pleased to answer to the best of my ability any questions put to me by any of the shareholders concerning the affairs of the mills."
The Resolutions There being no questions asked, the following resolutions were proposed and passed unanimously:—Proposed by Mr. B. D. Tata, seconded by Mr. E. Nissim, "that the report of the directors and the Proposed by Mx. B.D. Tata, The reason for creating been transferred to Shanghai, Poking of Miss Marcella Ros, second by Mr. Moise Ezra, "that serve is that insurance companies daughter of Mr. Ros, Chinese Mr. Pel Zai-shing be re-elected a will insure cattle against loss by Hosir papers announce the death eeretary of the Italian Legation director of the company. fire only, and your directors conin London, on September 2, of Mes. to Mr. A, J. Bell, son of Mr. H. O.
Proposed by Mr. B, P. Mehts, sider that if we can build up this Emma Dick, of 162b Adelaide Bell, Putnoe, Bedfordshire, fegonded by "Mr. Tung Chinn-a reserve to a sufficient figure, we can Road, Hampstead, N.W.3, widow of "that Messrs. Lowe, Bingham England. then create our own insurance fund Matthews be re-elected auditors of to cover each animal against death Mr. David Crasford Die, of Shang-the company for the financial year from any cause whatsoever. Care Ins, Caroline Eager ending June 30, 1930, at a fee of fal data is being compiled to place as a club woman in the Par East, MANY friends will regret to!
'Tis, 660 per annum.' such a scheme upon a sound basis died Boston on 'October Before the proceedings were earn that 'Robert James Bayless, and, if it can be carried through, She was taken ill' while attending brought to a close, one of the share-the two-year-old son of Lieutenant any severe loss in cattle in one year. services in a Boston church and holders, Mr. A. Michael heartily would be borne' over a period of jand Mrs. V. K. Bayless, U. 8. Nu, a coma, dying.withot ied at sea in the str." President thanked the directors and the years and would not fall on one regaining consciousness.
She was Grant September 20, while en route agents for the satisfactory results financial year—as it must at. founder of the Saturday Morning to Manila, of the year.
Club of Kobe and active in educa. present.
Under our assets you will note tional promotion in the Philippines.
Text read from the printed page and cleaned; old type leaves the occasional error.