There is little for comment in the balance sheet. An adequate amount has been written off buildings for depreciation. Investments shown at cost have decreased by some $9,600 cent be decared and paid on the col That declared and po tie te of 10 per
tet, Startn iti, seconded: by" Shares" ofthe company' proposed that "t's desirable to. capitalise a sum of slaen9 (at 113 to Bs nse) canalization of dividends reserve and as to the balance thereof to the credit Of reserve, and accordingly that such im of $140,608.9 be capitalised and distributed among the members on the footing that" they "become. entitled thereto as" capital in pursuance Article 147 of the Articles of Astociaton nat the "935 Were holders ofthe 20187 shares the company in, payment in. full" for avery two of the said "201187 shares hen held by such persons respectively. and. that marder to adjust the rights fof all parties fractions of less, valve than one tact be disregarded pursuant {to the ald Article. and that the shares 0 distributed shall be treated. for. Durposes as_an increase of the nominal mount of the capital of the company
Income: proposed by Mr. H. Martin each such shareholder and nat Uitte, seconded by Mr. C. F. Shackleton.
"That the directors be and. they" are hereby authorised to pay to the foreign stof of the company asa bonus 2 sum hot exceeding $25.00 and" that such Fum "be distributed In such manner as he. directors. at their discretion "shall think 'That Mie C.F Shackleton be ace sphere flee 5, ded the' company!" proposed Woud, bended by Got.
Trueman.
That Messrs. Lowe, Bingham and Matthews be and they" are hereby reappointed auditors of the company
Text read from the printed page and cleaned; old type leaves the occasional error.