Shanghai, Mar. 13.
Shanghai Telephone Company, Fea-eral Me, USA. held its second annual meeting of stockholders yesterday at the company's office, 232 Kiangse Road. Directors of' the company present were Messrs. Bates, Flemons. Longhurst, MacKay, Porter, Rhame, Strait and Wilson, "The meeting was presided over by Mr. C. W. Porter. vice-president, and Mr. C.D, Longhurst, secretary, acted as secretary lof the meeting, The representation at the meeting. [consisted of 3250 shares of stock represented in person and 827,610 shares, stock represented by proxy; making Jo total representation of 830,860 shares or 7216 per cent, of the issued feapital stock of the company, 'After the usual preliminary form~ alities and approval of the minutes of the last. stockholders' meeting, a. board of directors was Jserve until the next annual meeting Jof stockholders. The directors elected were Messrs. M, M, Bates, S, Flemons, J, E, Fullan, C. D, Longhurst, J, Mackay, C, 'W. Porter, J. F. Rhime, of, Streit and J. H,' Wilson.
The chairman then addressed the meeting explaining briefly the company's operating results for the year fended December 31, 1940 and refer. ring stockholders 19 the annual report of the board of directors for the year 1940, a copy of which had been fmaited to each stockholder on [March 5,
Text read from the printed page and cleaned; old type leaves the occasional error.