Regarding finances, Mr. Abraham said: The position now' is hat, with more members, with an increased rate of annual' subscription, and with an augmented grant from the Shanghai Municipal Gouncil, the Society can its way; but there will be nothing left either for repairs or for amortization of the Society's loan, it will generally be agreed, is not sound business, The Hongkong and Shanghai Banking Corporation have been extremely tolerant and considerate with us in the matter of our over-Jdraft, s0 much so, indeed, that we have not yet availed ourselves of the concession of H.B.M. Government to mortgage the land on which Jour building stands, It fs inevitable, however, that unless we make serins and successful efforts to the jond of progressively reducing our' overdraft, we shall not be able_ ways to ward off such a ce levers ional dollar of income ingeney. It follows, therefore, that which we may receive fature 4 Jmust be used for this. purpose, Jorder that, in the shortest. possible time, the building may definitely become the Socivty's property, free lof all financial encumbrances." Till this has been accomplished, our! slogan should be "Subscribe to the Building Fund and make the Bulidjing. our own."
must gratefully be recorded] that we have had practical encour-Jagement from all sections of the I ed Aid we work tall cal nals Sess said ced cmt oar can, aporias saahenal, ges pad fr soon andy to the lowest possible figure, we Dr. Pott further stated that folgba, ae sare aod hay pet rary Be city had been funetinng peimaly Series ies a Society shown by our Chindse seat en ea, Soe ies ce its Rose te. eae of, te Pat In conclusion, he, suggested that every effort should be made th enlarge. the library with a view to making it one of the great libraries on the East, that a programme committee should be appointed to enlighten the burden of the honorary secretary and that the society, must aim to keep up a high etan-@ard of scholarship, obtaining fresh clit on old subjects and eneouragi Yesearch in fields which as pet had been barely touched.
Text read from the printed page and cleaned; old type leaves the occasional error.