Reverting to the Balance Shost, you will note that a sum of $74,074.07 has been reserved for War Profit Tax fo the NEI, Government, This is lover and above the sum the company has already paid in the form of its usual. profit and other taxes, there-{fore your directors do not fool justi= fled in making any large contribution to the war fund here, consequently you will note an allocation of only $5,000 to the Shanghai Voluntary War Contribution Fund is, recommended, Tu conclusion, gentlemen, T would like {0 express' our best thanks to the manager and his staff, to our Jayents at Medan andthe visiting for the very satisfactory man~ nev ili which they have administered the affairs of the estate during the past year, That, gentlemen, is al T have to say, and T will now formally propose hai the directors! report and stateent of accounts for the year ended October 31, 1940, be adopted and passed, This is seconded by Mr, A, Welch and is now up for discussion, his resolution was" passed unate The fetlowing resolutions were also put to the meeting and passed un~ at wie autanprsine Sez eke a aang fete te teercsae 120301.28 ile ideals
Text read from the printed page and cleaned; old type leaves the occasional error.