Shanghai, Apr. 26, References to the fect that the: Company was still prohibited from operating in areas of North of The Soochow Creek, in spite of frequent representations to the proper authori ties, were made by Mr. H, Martin Little (Chairman) at the 33rd Ordinary General Meeting of the Shanghat Electric Construction Ca, at its offices, 185 Soochow Road, yesterday. During his speech the Chalrman stated that although it was not post ble fo indicate any date for the Fesumption of the service, it would be the policy of the directors to press for a resumption. Supporting Mr. Martin' Little were Messrs.
Davey, Ellis Hayim, W. J: Keswick, Li Ming and F. W. Poate (directors):
In his speech the Chairman said: The two outstanding events in the year under review have been the restoration of our passenger traffic to normal proportions and the serious depreciation in the exchange value of the Chinese dollar both of which, 5 you will readily understand, have '2 most "important bearing on our financial results.
Dealing rst with the subject of passengers carried, the position that we commenced the year on a basis Which represented about 40 per cent, of normal and the situation steadily improved with each success sive month until, in September, normal figures were reach then there has been further Improve ment, and while we have not yet Surpassed previous records, that goal would appear to be in sight.
The main factors contributing to the restoration of our passenger raffle have been the considerable influx of refugees into the comparative safety Of the International Settlement, and the rapid growth of industrial activity the Western District, the latter of which well illustrates the resiliency and recuperative power of Shanghai.
Text read from the printed page and cleaned; old type leaves the occasional error.