by Captain W. de Hedemann, who had hitherto transacted agency business for the Company at St. Petersburg. The successors of Mr. Pallissen's firm would continue to be the Company's Bankers.
The Company had acquired new and more suitable premises for its stations at Libau, Nystad and Shanghai. With regard to the latter it might be mentioned that they are situated in a very convenient and central position, and that the Chinese Government Station is located in the same.
The Company's instrument workshops at Copenhagen had been largely extended, and could now favourably compare with the best foreign establishments.
Reverting to the accounts, the Chairman referred to the Balance Sheet, and showed that the result of this year's working was that after £55,555 11s. Id. had been added to the Reserve Fund-which Fund now, after the outgoings of the past year, would stand at £210,151 7s. 10d.—and after 74 per cent. had been paid to the Shareholders, a cash balance of £19,688 18%. 7d, would be carried forward to next account.
Without discussion, the Report was then unanimously adopted, the Accounts were passed, and discharge given to the Board of Directors.
The retiring Director, Monirz G. Mulcinon, Esq., was re-elected.
The Shareholders' Auditors, His Excellency Admiral BILLE, and A. Berner, Esq., were also re-elected.
A Shareholder proposed a vote of thanks to the Board of Directors generally, but especially to the Chairman (C. F. TIETGEN, Fsq.), and to the Managing Director (Captain E. SUENSON), for the great ability shown in the management of the Company's business. The resolution being put to the meeting was heartily responded to.
The final Dividend of 5s, per Share for 1881 is now payable at the Company's Bankers, Messrs. C, J. Hambro & Son, 70, Old Broad Street, London, E.C.
Copy of Correspondence 503
Extract from Superintendent's
letter dated:-
HongKong
March 11/82
Governor Ihnnessy left for Europe by last English mail
and it is said that he will not return. There is a general feeling of relief at his departure.
I wind you
on 2nd instant
nton Hong- ang Telegraph that the prospectus of this El.npary.
Company had been issued and I have posted Copies of local Papers mentioning the same.
The following are promoters : -
Hoo shaw Chee, Factai Cantor Canton Chow W Ting, Capitalist
Hong
Hong
Chaw Cheur Teen Morchant
too quan thang
Kee Tuck Cheong
-
گرم
"
manager Insurance Coy
er Entai
-Merchant and
Director Yangtze Insce. Coy. -Merchant
Lee Yeok Hang
Pang Kee Chow Brother of
Colonel of Kowloon City
Capital $300,000 in three
1
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