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III

“Good old platitudes!” thought Evelyn, as he sat down relieved at having safely accomplished his speech, and he surreptitiously winked at smiling father Dennis. The meeting was finished, save for questions and formalities. “And these people in front will go home feeling that they’ve done something important!” thought Evelyn.

The Chairman asked drily:

“Any questions, ladies and gentlemen?”

A mature lady rose and with a self-possession unusual and perhaps indecorous in a shareholder of her sex asked why in the Profit and Loss account all payments—wages, salaries, washing, licences, advertising, bands, fees, liveries, insurance, stationery, electric light, repairs, renewals, etc., etc., etc., etc., etc.—were lumped together in one huge item. To which the Chairman responded that such was the universal custom in Profit and Loss accounts of limited companies.

The lady’s question was a very justifiable one; it jabbed a hole in the beautiful convention which regulates the pacific union between shareholders and Board. Many shareholders would have liked further illumination of the subject. Some knew the right answer. But as the lady wore an eyeglass, a starched white collar and a sailor’s-knot tie, she got no help; the subject was not further illuminated, and feminine curiosity, which had thus flouted the sacred immemorial customs of company practice, went unsatisfied.

Then a gentleman apologetically enquired whether the Atlantic telephone had had any ‘repercussions’ upon the business of the hotels. The Chairman answered that so far as he knew the Atlantic telephone had had no ‘repercussions’—he mischievously gave the faintest emphasis to the splendid word—but that the managing director might have something to say. Evelyn said that the Atlantic telephone had had no repercussions, but that the shareholders might be interested to learn that in the past year visitors at the Imperial Palace had spent £6,123 in using the Atlantic telephone; that was appreciably more than £100 a week.

There were no other questions from shareholders. What questions indeed could shareholders ask, after a record year, a fourteen per cent. dividend, and an allocation of £75,000 to reserve? The resolution was carried unanimously. Two directors who had to retire were re-elected unanimously. The auditors were reappointed unanimously. And what the official report described next day as a ‘hearty’ vote of thanks to chairman, directors and staff was carried unanimously. Evelyn’s heart lightened, prematurely—a mechanical repercussion. It grew heavy again as the Chairman rose and said:

“The proceedings of the Ordinary General Meeting being now terminated, the Secretary will kindly read the notice convening the Special General Meeting.”

“Now we really are off!” thought Evelyn.

Imperial Palace

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