Shanghai fees are $4,200, or £252- 15-0, per annum, During 1932 to 1934 approximately 20 per cent. of the} fees were refunded. I quote these Agures in sterling in case some of you would like fo compare them with London company charges, about} which there has been some discussion.
'The comparison should be iMuminating. T notice in an article culled from' the London "Financial Times," all-in cost, including London charges, {fg given at Sd. per th, as a reasonable charge on a well-run estate of some 2,000 acres, with the probability of a rise of a further 344. per Ib. in 1996 as against our all-in cost of 4.364, per Ib.
view of these figures, you must agree that Butes are not uneconcomically run, From results I think, yot. will agree as to the company: being run efficiently and as to the Company having been run in the best interests of the Shareholders, there can be no question of difference of opinion, for if it had not been for Messrs,'A. R. Burkill & Sons coming to the rescue of the company on more than one occasion, by advancing. cash and guaranteeing overdrafts, the probability is that there would have been no Company meeting here for you to attend, and they ran a considerable risk to conserve the Company at times when shareholders would not come to the assistance of the Com: pany under however favourable terms. I would draw your attention to the advantage of having a strong firm acting as Secretaries. Not only does this safeguard the considerable: sums that have been handled, but essentially, in the case of Messrs. A.R. Burkill & Sons, these sums have been Invested so very advantageously for the companies in which they are Interested, due to their special facili ties, and' they also guarantee the principal and interest,
Text read from the printed page and cleaned; old type leaves the occasional error.