REPORT OF THE DIRECTORS

董事會報告書

BANK LOANS, OVERDRAFTS AND OTHER

BORROWINGS

Particulars of bank loans, overdrafts and

other borrowings of the Company are

set out in Note 18 on the accounts.

AUDITORS

At the Company's last Ordinary Yearly Meeting, Peat,Marwick,Mitchell & Co. were reappointed auditors of the Company. They are now practising

under the name of Peat Marwick and

accordingly they have signed the audit. report in their new name. Peat

Marwick retire and, being eligible, offer themselves for reappointment.

By Order of the Board

PC Woo

Chairman

Hong Kong. 14th April, 1988

銀行借款、透支及其他借款

本公司向銀行借款、透支及其他借款之 詳情,載於賬項附註十八。

核數師

- 於上屆之全體股東週年大會,畢馬域篾曹 公司被續聘為本公司之核數師。該公司 現已易名為畢馬域會計師行,而核數師 報告書亦以該新名稱簽署。畢馬域 會計師行告退,但依章得候聘復任。

承董事會命

主席

胡百全

香港 一九八八年四月十四日

33

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