The sixth ordinary general meeting of the Indian "Cotton Importent Avsgsation of China, was held in the Yokohama Specie Bat Building st spam, on December Mr. f. Funatsu presided. Move than 20 representatives of the members of the association attended, al shall first "Phere were but two, committee meetings during the period, The rate of rebates during the pete, Sade sane Sou wae 2's593495 and the total amount of rebate paid out on cotton was Tis.
The rebates for this period works TESLOBS and the distributed among Tis, 652,456.60.
The distribution of rebates. will, subject to your approval, commence at once, With reference to the agreement] with the shipping companies for Yos1-193: solution was passed ing. empowering conclude the mew agreement for] the end of June 1931 and audited Cly, our auditors.
The "Accounts being passed, the fiated with the shipping eompantes The Chairman accordingly
Goncerged and. renewed: the agree: tment om the same basis as before.
Appointment of oficial Cotton "Shanghai, July 9, 1931, M.! Suduehi, Bea, culated to the members sometione Copy of the agreement was cite go and. you" will see. that your Chairman was able to get some re-uctions on the nett freight rates which no doubt Is much appreciated by the members.
Cotton Importers' "Busoelation of China, Shanghai, Dear Sig—I would thank you to fon before your Questions of (1) extension of free storage up to 18 days and of (2) Aasortinent of lot marks of bales at "warehouses be made by the were. discussed As reg punies would not it warehouses are not being!
Hetwgen slyers" and Sellers my appointment as, troller the fclal appointee of appointment would carr ige which the wor jam time J would other companies.
Regarding (2) as the concerned! local branches of the shipping companies your secretary approael them about it but they are not i Thention that 1 control praclialy othe ex Wharf salee Tnatancstton in Shooghal.
Tikka' this epportanty io place on record my, deep appreciation of ery valuable support recorded to Tye datodattn fu the. pas, Crust tht my applintion wi anent With: tavoupable "eonsierstion, Yours fuithflly, BewW. Genin signed) was decided to appoint Mr, F. LW. Golding' as une "official eciton controller' to the "Association, 'Also questions of inclusion of outsin in the agreement, "exten-ion of free storage up to' 15 days, assortment. of lot marks of bales At Wharf warehouses be made' the shipping' com quest of the shipping companies that the rebate only' payable hates actually delivered™dedueting rebate in respect of. short landed Bales were discussed and it was decided' that the. matters be con veyed to the Chairman at Osaka to hekotiate with the shipping come panies concerned at the time of Fenewal of the agreement, The second committee meeting took place on December 18th when the Heport and Accounts for " the five months ended November 30th were approved and the Agenda for summary of what the Commities find done during' the period and may now be allowed to make a fow more general vemarks:—
The following members. resigned during the period: Messrs. "Nanda Menko, Ltd, Shanghai, K.'Konishi Cow Shanghai, San Sing Cotton Milly Shanghai, RD. Tata & Ca, New members enrolled are: Messrs: Fuh Zeng Cotton S. & W. er, they promised to meet ishes where' possible in the (A) Assortment of lot marks of] bales shall be made by them as the aces of the warehouses can be lowed.
(B)__ Charges of such assortments] shall be paid to the warehouses directly by: the members of the Asso ciation. (the rate shall be fixed later).
Gentlemen, as you will see, your! Chairman made every effort to have: better terms than those of last year: and was able to get the satisfactory. Yeductions on the nett freight rates.
T wish to take this opportunity to tender our thanks for the efforts and endeavours made by the Chair man on ouy behalf. 2
The following resolutions " were] then passed:
Resolution No. 1: To bags the re-pert and accounts for the year 1931,—Proposed by Mr. Cohen and seconded by Mr. Neumann, Resolution No. 2: To elect the!
committee for the ensuing year. Mx. Campbell proposed to re-elect the committee "en bloc and that Messrs. B. D. Tata & Ca, Ltd, be invited to join the committee. Mr. Cohen secorded the proposal. negotiations of the new agreement Resolution No, 8: To entrust the with the shipping companies to the: fhaliman before the expiration of current agreement.——Proposed by Mr, Bhedwar and seconded by, Mr, Neumann, sqiezslution No. 4: To appoint Messrs. Lowe, Bingham & Me as auditors of the association for the ensuing year at a remuneration of fis. 900 por annum.—Propesed My. Funatsu, the Chairman, and seconded by Mr. Campbell.
Text read from the printed page and cleaned; old type leaves the occasional error.