(Continued from page 28) be made to the Western extra settle. ment areas, When addressing you in April, 1937, I said:—"The problem of the sipply'of water to the area west of the International Settlement I regret to say still remains unsolved. However, during the year neyotiations were resumed on a somewhat different basis and we now have distinct hopes of an ultimate solution being found, in the meantime the position in regard to fresh consumers the district remains the same, Our mains in the area are fully matched and we are therefore unable to furnish any new supplies." Since then much has happened and it needs no detailed knowledge of the local situation to draw the inference that the events of the past cightoon, months have contributed in no way to an early solution of the problem, rather have they served to introduce now problems. I can only repeat therefore that through no fault our own the water supply to this are unsatisfactory and. that with out mains fully matched we are still unable to furnish any new supplies, cannot conclude without reference to the loss your Company has suff ed through the deaths during the year of Mr. H, Porter and Mr. Sing-loh Hsu. Both these gentlemen were the Council's nominees on your Board and their Joss will be greatly felt, We welcome, however, Mr. R. G, Mac Donald and Mr. L."T. Yuan who have been nominated by' the Council to All the vacancies thus created, Finally 1 am sure 1 am expressing your Wishes when I" tender." our thanks to Mr. Tal and Mr. Lock and their respective stalls for the. very efielent manner in which they have tarried out their "duties, There being no questions, the fol lowing resolutions having been formally "proposed and. seconded, were put to the meeting and carried Unanimously. 5 segonted by "Bie, by, 3 Welch.
'Ghat the pirectors* Tieport ind Ae-counts for the year" 1088" be- and" they Ste"hereby Tecelved snd, adopted. seconded by Bir, A. J. Welch Proposed "yy "the! "Guattman' and "That dividends "for the half year ended' December 31," 193t, of 3) per Sent on Toon. 7 per Seat ninth Hsectaaie eft Sates Gumuiouve'" Reaeemavie reference percent on @} spor cent
Shares"'be* dcctared"and" path" Wits dividend on intro "Ayieement Gone Siimers" Account Hor" me "year ended December Si 1038,"ot 8. percent man B andi "e shares" respectively and Ssinatsa atvidesd in' Paten Ai and' Shipping Consumers "Account for the year fended Be share and Share "be dectareu™ a paid Proposed "by seggnded by hu, eud, Bronosed by Mee Rh. "Currie "and, rectors of. the Company. seconded' by "ate." Wallace, "That. Messrs," Lowe, Bingham Matthews be and they"'are hereby. rot Sppointed "Auditors" at "the" Company The next ordinary meeting, and that their Temuneration" be' §5:000
Text read from the printed page and cleaned; old type leaves the occasional error.