Extract from the Hong Kong Daily Press of 18th April, 1901
524
colours, but I certainly think we have good reason to look forward to a better and more profitable business in future, for we have in Canton a large field which it takes all our resources to cope with, while in Kowloon, although it is only the day of small things with us there, our business grows steadily nevertheless, and while on one hand we are effecting economies and reducing working expenses, on the other the number of our customers and our income from sales increase and expand every month.
No questions being asked, the CHAIRMAN proposed that the report and accounts presented be adopted and passed, and that the balance of $46,459.10 at credit of Profit and Loss Account be disposed of by writing $21,459.10 off value of Plant, Machinery and Lines as depreciation, and by carrying forward $25,000 to credit of next year's Profit and Loss Account.
Mr. WHITE seconded, and the motion was carried unanimously.
On the motion of Mr. FUNG WA-CHUN, seconded by Mr. HENDERSON, Sir Paul Chater, Dr. J. W. Noble and Mr. H. P. White were re-elected to the consulting committee.
SIR PAUL CHATER proposed the reappointment of Messrs. W. H. Potts and A. O'D. Gourdin as auditors.
The motion was seconded by Mr. FUNG WA CHUN, and carried.
The CHAIRMAN - That is all the business, gentlemen. I am much obliged for your attendance.
22696
JUL 9 1907
Extract from the Hong Kong Daily Press of 18h. April, 1901
524
colours, but I certainly think we have good reason to look forward to a better and more profitable business in future, for we have in Canton a large field which it takes all our resources to cope with, while in Kowloon, although it is only the day of small things with as there, our business grows steadily nevertheless, and while on one hand we are effecting economies and reducing working expenses, on the other the number of our customers and our income from sales increasƏ and expand every month.
as
No questions being asked, the CHAIRMAN proposed that the report and accounts presented be adopted and passed, and that the balance of $46,459.10 at credit of Profit and Loss Account be disposed of by writing $21,459.10 off value of Plant, Machinery and Lines as depreciation, and by carrying forward $25,000 to credit of next year's Profit and Loss Account.
Mr. WHITE seconded, and the motion was carried unanimously.
On the motion of Mr. FUNG WA-CHUN, seconded by Mr. HENDERSON, Sir aul Chater, Dr. J. W. Noble and Mr. II. P. White were re-elected to the consulting committee.
SIR PAUL CHATER proposed the reappoint- ment of Messrs. W., H. Potts and A. O'D. Gourdin as auditors.
The motion was seconded by Mr. FUNG WA CHUN, and carried.
The CHAIRMAN-That is all the bassiness gentlemen. I am much obliged for your at tandance.
22696
JUL 9 1907)
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