Moutrie &Co., Lid. nha, July 27. of Messrs. was held on. we can only look forward to the time when these districts will be opted, which should be accompanied by-a renewal of the demand for our instruments from the schools anc missions which "in the past were monet our best etistomers. The The chairman in his specer a pleasure to be able to report a substantial profit on the year's working amounting to $102,822.88 and, you approve of the Board's recom: mendations as to the disposal thereof, the company's Balance sheet will dis: lose a position that may justifiably bbe described as sound, You will note that it is proposed proportion of the amount standing, the credit of prot apa Toss considering this "matter Seltled conditions in China have also Thad "serious repercussions. "on oUF business in "Malaya where our manager, Mr. Waters, reports that the Range numbers of Chinese resident in that area have been remitting. surplus funds to their ome country thereby denying themselves the Inxury of our' products.
Text read from the printed page and cleaned; old type leaves the occasional error.