Your Directors have also arranged fo enter into a new agreement with the Secretaries which will entitle them to receive their fee in Straits dollars instead of in Chinese dollars. The amount of the'fee has been fixed at St$1200 per annum, which is Slightly in excess of the existing fee converted into Straits dollars at the The Resolutions The following resolutions were passed py OR" bearm Little "Phot the Proposed, by: Mr. W. AMsllor. seconded
Ended' december St ian as presented Repost and. Accounts Star, the year Secepted fopored by: Me.
Rte That the seconded current rate of exchange. The basis {or the calculation of their Commission has also been altered from 2'per ent, on the dividends to 2 per cent. fon the net profits for any one year.
Our thanks are due to the Manager, the Acting Manager, the Visiting Agent and the Agents in the Straits for the very efficient manner
Text read from the printed page and cleaned; old type leaves the occasional error.