Report At Yesterday's Annual General Meeting Shows Small Profit Due to Hostilities -HE eighth annual general meeting of the International Assurance Ca., Ltd. was held at the Head Office 17 The Bund, Shanghai, yesterday.
Mr, F. R. Smith presided over a gathering representing in all 133,573 shares and was supported by Messrs. H. E. Arnhold, Sir R. Calder-Marshall, E. Sigaut, C. V. Start, Singloh Hsu and E. I. Owen (Secretary).
The Chairman said:
The accounts before you reflect the effect of the Sino-Japanese hostilities which commenced in July last year and are still in progress. Unfortunately, there is every appearance of the disturbance being rather prolonged and we cannot expect a return of normal business in our China feld for some time to come, The effect of the China hostilities is somewhat offset by the increases in our business abroad.
Text read from the printed page and cleaned; old type leaves the occasional error.