Chairman States Position Sound Despite Losses Due to Hostilities While describing the reverses suffered through the year as a result of the Sino-Japanese hostilities, Mr. H. Martin Little, presiding at the eleventh annual meeting of the Shanghai Waterworks Fittings Lid, at 484 Kiangse Road yi said the company's position is fundamentally sound and with the economies effected should be able to weather whatever is to come without further material inroads being made into reserves.
Present at the meeting were Messrs. H. Martin Little, C. D. Pearson, R. G. MacDonald, W. Mellor (Directors) and Messrs. W. P. Rial E. A. P. Wood, T. J. Goodman (manager) and R. Lock (secretary, representing 4,753 votes.
The Chairman said: I regret that again the accounts presented to you show a loss—on working account
Text read from the printed page and cleaned; old type leaves the occasional error.