An extraordinary general meetin of Messrs. J. Llewellyn & Cow Ltd; (Incorporated under the Companies! Ordinances of Hongkong) was held jon March 9 at the offices of Messrs. Love, Bingham' & Matthews, 2 Peking Road. Mr, A. J. Bell was the chair, supported' by Messrs.
Matthews and J. F. Mortimer (Seeretarg) and shareholders.
'After' the notice convening. the meeting had been yead, the ehairtan spoke as follows:
Gentlemen: You will remember that Tact yeas at' an extrasrinary Feld on June 9; the following extra' eneral necting of the Company,
resolution was "passed:
is expedient to effect the amalgamation of this Company with Messrs, Mactavish & Ca. Lid and OBrie muéating and the Aueitors Report After the notice convening the new Com
Rad been ready the Cheitman ads hereby authorised to negotiate the Alresed the meeting as follows: effect' of the. transfer.
serve that the working for the vere rom the Accounts sou wil This extraordinary resolution was confirmed a3 a special resolution at nied, Becember 3,051, resulted 'a subsequent extraordinary general favo nett profi of "is. 118 S102"
This, added 0 the Valance of Tis, festing held on June 26 last The Ditectors, subsequent to the passing 20,85780 brought. forward from of this special resolution, continued dut Accoun takes the balance at their negotiations "with Messrs. freditof Profit and Loss Accou Mactavish & Cow Ltdy-and Messrs O'Brien Twigg Ltd, with a view to amalgamation, anda new Com this vesule are profit-on investments any was formed under the name Foaling, Bie ASCO, and Widemts received from invest mem British "Chemists. (China) Limited. This Company has. now ieee peeve seat In the previous year by been "carrying on the combined economies, which resulted in the Feduction' of the cost of produc~ tion from 4.794. per Ib, last year 8.10d, per Ib, for the current year, the continued depression in the industry and the low rates obtainable from the sale of our crop considerably working. The loss for the amounted to Tis, 13,035.17, Which "deducted from the balance 2220153 brought forward year's accounts, leaves balance of Tis, 8,326.26 at credit of and loss siecount, which the directors recommend be carried forward. to next year's accounts.
'The area under cultivation remains the same as last year, from, the reports received from our technical adviser, Mr. H.C. Pinching, the general' condition. of the' producing "and non-producing areas is extremely satisfactory, and labour is sufficient for present Requirements, "Although the factory equipment. is. somewhat old and. barely nuficent to cope with the increased. output, it has not been possible to equip the factory with the extra' machinery desired by the manager, and until an provement geeurs, the question of pening up the immature area, a the' issuance of "shares to provide for expenditure on nectesary build ings and. machinery will have to ber deferred, Our thanks are estate, manager "and ing. agent, and. Straits agents their wholehearted ce-operation in fecting economies "asd 1. would like to take this opportunity of te-cording the board's appreciation of Same. We are also indebted to the Reneral managers for so generous:
coming: to the assistance of the company. in' providing funds for the maintenance of the estate, 'There were no questions, and the following. resolutions were put. the "meeting and' carried 'That the report and accounts for the year ended. December 31, 1931, together with the recomniendation las "tothe appropriation of the balance at credit of profit and lors Jaccount as presented bby accepted, 'That Mr.' A. K. Craddock be re-elected a director' of the company.
"That Messrs. Thomson & Ca. be re-elected auditors to the company.
Text read from the printed page and cleaned; old type leaves the occasional error.