Shanghai, Mar. 11.
'A. satisfactory. year's working was reported at' the annual—general meeting of Major "Brothers Ltd, which was, held yesterday at the femees of the secretaries, Messrs. A.
"Burkitt & Sons, Mr. W. Mellor (Chairman) presided, supported by Messrs. G. H. Purcell and J. Brand, Total represented were 2,007, Th his speech the Chairman said: 'The year's working has shown satisfactory results, taking into consideration. the increase in the cost of Taw materials due to the fall in exchange. 'The effect of this would have been much more serious If we had not taken' advantage of the higher" rates of "exchange ruling earlier in the year to purchase our Hlimated requirements of foreign currency, to. which we have been fable to add by means of exports of eid abroad.
The demand for our products for the period under review has been better" than anticipated earlier in. the year and we have been able to furni our customers" requirements without dimeulty. 'The directors take this opportunity of thanking 'Mr. Fisher, the veneral manager, and his assistants, Messrs, Ashworth and 240, for the good work done through out' the year.
conclusion, 1 wish to refer to the ess the board sustained by. the death of Mr, W. B. 0. Middleton April of last year. He hac been director of this company for many Years, in which he took a great deal OF interest and his assistance and hdviee (0 his ce-directors will be seriously missed, The Resolutions 1t was proposed by Mr. W. Mellor and seconded by Mr. J. K. Brand. "That the report and accounts for the year ended December 31, 1038 together with. the recommendation tothe appropriation of the bal tance at credit of profit & loss, ac~ count as presented be accepted."
"was proposed, by Mr. G. Purcell and seconded by Mr. LO. Fisher, "That Mr, W. Mellor be re-clected a director of the company.
was proposed by Mr. Kay ow Thomson lun" and "seconded by, Mr.
Ca, be re-elected to. the company' at an annual remuneration of $850.00.
Text read from the printed page and cleaned; old type leaves the occasional error.