Shenghai. Feb, 1.
'The statement of income and penditure and the balance sheet of the Sailors' Home Trust prepared by 1209 the honorary auditors, Messrs, Lowe, Bingham and Matthews have now, been issued for. the year ended December 31, 1046, In accordance with a long stand ing practice the income of the Trust has been paid to the Missions to Seamen as a grant in aid of the excellent work which that institution does amongst the seafaring community in Shanghai, The income for the past year, which was derived from investments in local debenture stocks and bank interest on current account, amounted to $4,076.72, against' $4,67052 in the preceding} year. The sum of $2480.02 was Drought forward in respect of undier tributed income on December 31, 1930, making the elance available for distribution $7,165.74, Of this sum $4,700 was pald to the Missions} to Seamen during 1940, leaving on undistributed balance on December}
31 last of $2,405.74.
'The funds of the Trust are invest= ed in Shanghai Municipal Couneit debentures, Cathay Land 6 per cent. debentures' (1990), and Central Properties 51% per cent, debentures (1034) their value at cost being shown in the balance sheet at $3864.22. The market value of the investments ap preciated during the year from $6040 om the December 31, 1939 to approximately $6,0058.68 on' December 31, 1940, s|Foreign Woman Robbed Shanghai, Feb. 14.
At about 3 pin. yesterday a foreign woman was held up by three armed Chinese, one of whom spoke English. at Great Western Road near the Country Hospital and was robbed of her fur coat, the value of which 229 elvan as $7,600. to the Bubbling Well police station where a report was made made of the-ease. The robbers escaped.
Text read from the printed page and cleaned; old type leaves the occasional error.