I am pleased to state that His [Siajesty's Consul-General has been iving us all possible assistance, and I take this opportunity to express to him our grateful thanks for his earnest endeavours on our behalf, Negotiations are stilt being continued by him not only with the local Japanese Civil and Military authorities but also with the Japanese Foreign Office through His Majesty's Ambassador at Tokyo.
T also desire to express my gratitude to the Chairman of the" British Chamber of Commerce and of the British Residents Association for the valuable advice and help they have 0 freely given us in the matter of the reopening of our mills.
The Accounts fourteen months we have been obliged to keep our mills closed, we have lost an enormous amount in profits which We would have otherwise earned, Yarn prices in recent months, have moved up and are at present considerably high, but the circumstances in which' we find ourselves prevent us from taking any advantage of the market.
There being no questions, the fo} lowing resolutions were proposed ani assed unanimously:—
That, the report of the directors and the" audited recounts. as "standing "on 'Tune "30, 1998, presented to the fiat: holders," be." adopted, and "thatthe Balance' of safsui73" at ereait of the Profit and Loss Account be carried for-Shee ye Bes airier th So Sottngs sages hat Mr. FX, Mostung be ro-Proposed" by Me B.D." Tata and seconded by Br. i. Nissim.
That Messrs. Lowe, Bingham & Matthews be recollected auditors of the gampeny forthe financial year ending Ste 38 tg at alo tobe. arranged with the directors. "Proposed "by Baw and scended by ok.
Text read from the printed page and cleaned; old type leaves the occasional error.