The other matter concerns the immediate effort which we, as a British company, should make towards helping our Empire in the present struggle. I feel sure you will be pleased to hear that your directors have decided to subscribe £50,000 to the next War Loan issue. In addition to this investment your directors are in favour of donating the sum of £1,000 sterling to the Central British War Fund (Shanghai). Some shareholders may consider this amount rather large and disproportionate to our
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