Ming.
'That the directors' fees be increased from Ch.$69930 to Ch$120000, per director per annum. Proposed by Mr. 3) Woo Chi Ming and seconded by Mr. Wong Sing Fan.
2,046,501.
The chairman in his speech said:—Before proceeding with the formal business of this mesting I feet that I should refer briefly to two sad events, affecting the running of this estate, that have taken place during the last eight months.
Firstly, Mr. Donald Gilchrist, who had been manager of the estate for the short period of only a little over 3 years, died suddenly in Capetown on October 2 on his way back to Malaya after his home leave. Although Mr. Gilchrist had not been manager of Tebong for a very long period, he had been connected with Shanghai rubber companies for well over 20 years and had always carried out his duties with ability and to the entire satisfaction of his directors. He was well known to many people in Shanghai having spent several periods of his short leave in paying visits to this Port.
"The loss of his services is a great blow to this company and his successor, Mr. Ridgewell, who has also been connected with Shanghai companies for a large number of years, will have: a difficult task in maintain-
Text read from the printed page and cleaned; old type leaves the occasional error.