McBain, directors, and shareholders representing 45,690 shares, were also resent.
The chairman said:
The general profit and loss account shows a loss on the year's working of, $40,518.26, which added to the debit Ualance of $238,770.55 brought forward from last year, makes a total of $285,283.81 at debit of this account, which itis proposed to carry fore A debit balance of $28,128.54 hes been transferred from all and sundry working account to general—profit and loss account. Included in. this amount is the loss of $57,789.80 transferred from timber working account. This loss is made up by $32,187.80 incurred in realisation of stock at Shanghai, and $25,692.50 at 'Samarinda. This' latter amount is composed for the greater part depreciation and the necessary expenses for looking after our property and machinery at that port, Oil royalty for the year amounted to $24,876.09 and has been credited fas usual to all and sundry working The joss of $116,529 as shown in the working account of Rantjah Sirang Diamond Concessions for the five months ended October 31, 1994, and given in detail in the accounts has been transferred to general profit and Toss account.
Text read from the printed page and cleaned; old type leaves the occasional error.