At a meeting of the Directors of the New Engineering & Shipbuilding Works, Ltd, held yesterday, it was decided to recommend, at the forthcoming annual meeting of shareholders, to be held on March 14, that, Out of the balance at credit of Profit and Loss, which includes the 4 per cent, dividend to be received from Shanghai Dockyards, Ltd., a payment in respect of arrears of Preference dividend should be made of 10% per cent, absorbing an amount of $220,- 279.72.
Text read from the printed page and cleaned; old type leaves the occasional error.