REPORT

OF THE

DIRECTORS

董事會報告書

The Directors have pleasure in submitting

their annual report together with the audited

statement of accounts for the year ended 31st December, 1990.

PRINCIPAL ACTIVITY

The principal activity of the Company is the

operation of franchised public buses in Hong Kong.

ACCOUNTS

The profit of the Company for the year

ended 31st December, 1990 and the state

of the Company's affairs at that date are set

out in the accounts on pages 35 to 46.

An interim dividend of 13 cents per

share was paid on 15th October, 1990.

The Directors now recommend that a final

dividend of 39 cents per share in respect of

the year ended 31st December, 1990 be

paid on 12th June, 1991.

董事會同寅現謹向各股東提呈截至 一九九零年十二月三十一日止年度之報告 及已審核賬項,以供覽閱。

主要業務

本公司之主要業務為在本港經營有專利權

之公共汽車服務。

賬項

本公司在一九九零年十二月三十一日之 財務狀況及結至該日止全年之盈利刋於本 賬項第四十九頁至六十二頁。

中期股息每股一角三仙已於一九九零年 十月十五日派發,董事會現建議於

一九九一年六月十二日派發結至一九九零

年十二月三十一日止年度之末期息

每股三角九仙。

慈善捐款

本年度内捐款共為港幣一萬六千八百

五十元。

30

CHARITABLE DONATIONS

Donations made during the

year

amounted

固定資產

to HK$16,850.

本年度內固定資產之變動刋載於賬項附註

八。

FIXED ASSETS

Movements in fixed assets during the year

are set out in Note 8 on the accounts.

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