Turning again to the accounts, the liquid assets of the Java and Stanghai companies combined exceeded the cash liabilities on Decemtler 31, 1940 by Ch$744.808.80, which will mean that if you pass the recommendations, made in the report, the companies will start the new year with eom-
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est Po enki ne aad Bite, ie "Ring" agents del rit the "Salt ster when eave sda Sere as amine'? the" coeomay tiny peta unter sevice set xdeise"rthllins" were Company Reports Chinese tug, & Mining Ca,, Ltd May 13 The adjourned ° annual gone sat meeting of the shareholders oft Ghinese Engineering & Mining Coy {ad wil be held in'London on Moy"
when electors' report and state: ment of recounts for the year ended Fume 20, 1080, wil be submitted: eel cit boar 2 eae seventy-tive ens Bet ated at Ay Chere ie atthe appointenént of Ries AcE en lan ag°o ducer ofthe company.Ue Sting one Cham Ti TInt Mr, A J. Waleh be revieeed Sie he ie. Dong ete" 21 Dond'and seconded by" Chiung Shan He, "That, Messrs. Lowe, Bingham & Matthews be re-clected auditors to the com=
The net result of the year's tran-action sows a balance to the credit front and loss account of 223%, Sis; made up as follows, Shore of Katlan Mining Admin ufrafon's bron tess expenses lus interest in Chita Iolerest in Burope Exchange Balance brought torial ached dedscung sit bonus S138 195010 coy Deduct:— ibs Biceers "remuncriiss "4330 shih oe To cies io:
Extraordinary Meeting fits tax, It Ga2AT ibe 2163 185,670 ended "dune Gentlemen:—The purpose for which this meeting has been called is, as you have just heard, to make: certain Leaving a Balance of ea. 8STO alterations to the Articles of Asso-of which the directors declared a lation.
The present articles stipulate that feo not exceeding one Tael shall be charged for each transfer of shares which, now-a-days, is a sum entirely Inadequate to cover the cost of the share certificate and other stationery involved in a transfer of shares.
The suggested amendments will ive the board the power to fx a
their opinion, reasonable transfer feo at any figure that is fou may will be kept' as low as is compatible with theSexpenses involved, They also stipulate that an oxtraordinary meeting shall be followed by confirmatory meeting of share~ holders, This is not now necessary according to the revised Companies Ordinances of Hongkong and it is to Jcorrect this anomaly that these solutions are put for The following resolution was passed Zhat the Arucier ed in-manner fol dividend of 381% payable on Murch 31. 1941 a8 follows:
Dividend of s%% (oe of income "73500 100583
Text read from the printed page and cleaned; old type leaves the occasional error.