It is believed that the procedure adopted for purposes of ce-operation with the Board of Trustees is operating satisfactorily.
'A matier outside the official tune tons "of the Commission was raised the Board assistance in connection with the issue of a loan of 1,800,000, secured upon the half of the indemnity instalments which Jare payable in China, in connection with' the construction of the Canton-Hankow Railway.
The following reply was dispatched fon March 28, 1994:
"Referring to your telegram the Com mission feels. it cannot offer ofo )_"me Capital Profit realized from the sale of tecuritles" {rom the. begin= hing of operations to Decemger 31, Thus (2) plus (3) equals total capital profit actually realiped up to the end 1004, namely, #120,008.13.00, Regular payments on account of Indemnity Fund Instalments have bbeon received during the year.
The present report the period "from! January 1, 19%, the December 3i, 1984.
Suguestions and. that it Is" precluded rom. itself investing "in the Following points, however, emerged at" ecent informal' finance meeting. Fest better price might be secured by offer~ {ng Toan in two of three separate series, Dresumably the whole £1,90.000, nei Wanted at once. Secondly it is believed that British "Preasury agreement not to.
No change has taken place in the membership of the Commission dur~ Ingg the year under review.
The term of office of the members of the Commission expired in May, 1991, By decree of the Executive Yuan of the National Government of the Republic of China the members. of the Commission were reappointed for a further term of three years, fo, until May, 1987, "The third Annual Meeting of the Commission was held on the April 18 10M. The following is an. extract from the records of the meeting:—
Gxpeniiture since the Coram ho years "Before the business on the agenda was taken, the Chairman read the following telegram from the Board of Trustees for the Administration of the Indemnity Funds remitted by the British meeting! appointed to another term the Board highly appreciate services. of "the. Commission land Eonfidentiy. Believe that the future ftervices "ofthe Commission will equally. stlecessfut and satisfactory."
"tie, Chenan aod hat he afte Getta "htt Githe career ethno 1d wishes to express 2 sprang a etl ride one Gena te a Siete rs ole igs Games 3 tea Soi ud a tee eat cee ieee see Sart Rew, "mn a tude Chinese" Government isting support of British firm ree presented in China stich as all com-anies, cable companies. etc. There is Feason to believe that substantial sub Jseriptions would result and this would Improve price. Well secured 6 per cent. loan has rear attractions for companies Jand persons looking for suitable invest= aot See een sentiments and aarp a a The Committees Sir Ralph Wedgwood and Sir Basil Blackett were re-elected Vice-Chairman and Treasurer, respectively, and 'The office staff of the Commission was increased by the engagement of tone additional clerk in the course of the year, and now consists of: Direc for, Secretary, Chinese Assisiant, Accountant Book-keeper, Shorthand-typist, Shorthand-typist' and General Clerk General Clerk.
The work of the Commission, which really increased in volume through-the year, has been carried out satisfactorily bby all concerned.
Text read from the printed page and cleaned; old type leaves the occasional error.