-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HsvltluWUm2GC39BMuZuEYEd2VwN4j6Pn2BTtlzcs+wvzbmQiK9GEBTcXgqlXaro wlOaWEYkODsw65Pvppxakg== 0000909226-03-000041.txt : 20031029 0000909226-03-000041.hdr.sgml : 20031029 20031029125846 ACCESSION NUMBER: 0000909226-03-000041 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030831 FILED AS OF DATE: 20031029 EFFECTIVENESS DATE: 20031029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON CHINA WORLD FUND CENTRAL INDEX KEY: 0000909226 IRS NUMBER: 593192206 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-07876 FILM NUMBER: 03962901 BUSINESS ADDRESS: STREET 1: BROWARD FINANCIAL CENTRE STREET 2: 500 EAST BROWARD BLVD STE 2100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394-3091 BUSINESS PHONE: 9545277500 MAIL ADDRESS: STREET 1: BROWARD FINANCIAL CENTRE STREET 2: 500 EAST BROWARD BLVD SUITE 2100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394 FORMER COMPANY: FORMER CONFORMED NAME: TEMPLETON CHINA WORLD FUND INC DATE OF NAME CHANGE: 19930716 NSAR-B 1 answer.fil N-SAR FISCAL YEAR 8/31/03- TCH PAGE 1 000 B000000 08/31/2003 000 C000000 909226 000 D000000 N 000 E000000 F 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 TEMPLETON CHINA WORLD FUND 001 B000000 811-7876 001 C000000 9545277591 002 A000000 500 EAST BROWARD BLVD SUITE 2100 002 B000000 FT LAUDERDALE 002 C000000 FL 002 D010000 33394 002 D020000 3091 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 TEMPLETON ASSET MANAGEMENT LTD. 008 B000001 A 008 C000001 801-42353 008 D010001 HONG KONG 008 D050001 HONG KONG 010 A000001 FRANKLIN TEMPLETON SERVICES, LLC 010 C010001 FT LAUDERDALE 010 C020001 FL 010 C030001 33394 010 C040001 3091 010 A000002 DELETE 011 A000001 FRANKLIN/TEMPLETON DISTRIBUTORS, INC. 011 B000001 8-5889 011 C010001 SAN MATEO 011 C020001 CA 011 C030001 94403 011 C040001 1906 012 A000001 FRANKLIN/TEMPLETON INVESTOR SERVICES, LLC PAGE 2 012 B000001 84-1036 012 C010001 ST. 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F010000 0 086 F020000 0 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE BRUCE ROSENBERG TITLE TREASURER EX-99.77B ACCT LTTR 3 ex77b0803.txt PWC INTERNAL CONTROL LETTER REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Directors and Shareholders of Templeton China World Fund In planning and performing our audit of the financial statements of Templeton China World Fund (the "Fund") for the year ended August 31, 2003 we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2003. This report is intended solely for the information and use of the Board of Directors, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/PRICEWATERHOUSECOOPERS LLP PricewaterhouseCoopers LLP San Francisco, California October 3, 2003 EX-99.77C VOTES 4 exh77c803.txt SHAREHOLDER MEETING RESULTS TEMPLETON CHINA WORLD FUND, INC. Annual Meeting of Shareholders, June 12, 2003 The Annual Meeting of Shareholders of the Fund was held at the Tower Club, 28th Floor, Union Planters Bank Building, 100 South East 3rd Avenue, Fort Lauderdale, Florida, on June 12, 2003. The purpose of the meeting was to elect three Directors of the Fund, to approve the conversion of the Fund from a closed-end fund organized as a Maryland corporation to an open-end fund organized as a Delaware statutory trust, to approve amendments to certain of the Fund's fundamental investment restrictions (including six Sub-Proposals), and to approve the elimination of certain of the Fund's fundamental investment restrictions. At the meeting, the following persons were elected by the shareholders to serve as Directors of the Fund: Betty P. Krahmer, Gordon S. Macklin and Fred R. Millsaps*. In addition, Shareholders approved an Agreement and Plan of Reorganization that provides for the reorganization of the Fund from a Maryland corporation to a Delaware statutory trust, amendments to certain of the Fund's fundamental investment restrictions (including six Sub-Proposals), and the elimination of certain of the Fund's fundamental investment restrictions. No other business was transacted at the meeting. The results of the voting at the Annual Meeting are as follows: Proposal 1. To elect three (3) Directors:
% OF % OF % OF % OF OUTSTANDING VOTED OUTSTANDING VOTED TERM EXPIRING 2006: FOR SHARES SHARES WITHHELD SHARES SHARES - ----------------------------------------------------------------------------------------------------------- Betty P. Krahmer ....... 14,660,873.6274 90.06% 97.90% 314,528.2532 1.93% 2.10% Gordon S. Macklin ...... 14,670,079.6274 90.11% 97.96% 305,322.2532 1.88% 2.04% Fred R. Millsaps ....... 14,676,060.6274 90.15% 98.00% 299,341.2532 1.84% 2.00%
* HARRIS J. ASHTON, FRANK J. CROTHERS, S. JOSEPH FORTUNATO, ANDREW H. HINES, JR., EDITH E. HOLIDAY AND CONSTANTINE D. TSERETOPOULOS CURRENTLY SERVE AS INDEPENDENT DIRECTORS. NICHOLAS F. BRADY AND CHARLES B. JOHNSON CURRENTLY SERVE AS INTERESTED DIRECTORS. THEIR TERMS OF OFFICE CONTINUED AFTER THE ANNUAL MEETING OF SHAREHOLDERS. Proposal 2. To approve the conversion of the Fund from a closed-end fund organized as a Maryland corporation to an open-end fund organized as a Delaware statutory trust: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - ------------------------------------------------------------------ For ................... 9,557,202.4023 58.71% 63.82% Against ............... 280,484.7499 1.72% 1.87% Abstain ............... 54,043.7284 0.33% 0.36% Broker Non-Votes ...... 5,083,671.0004 31.23% 33.95% - ------------------------------------------------------------------ TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 3. To approve amendments to certain of the Fund's fundamental investment restrictions (includes six (6) Sub-Proposals): Proposal 3a: To amend the Fund's fundamental investment restriction regarding borrowing and issuing senior securities: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,441,531.2389 57.99% 63.05% Against ............... 367,573.1067 2.26% 2.45% Abstain ............... 82,623.5350 0.51% 0.55% Broker Non-Votes ...... 5,083,674.0004 31.23% 33.95% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 3b: To amend the Fund's fundamental investment restriction regarding underwriting: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,462,383.1720 58.12% 63.19% Against ............... 339,929.6531 2.09% 2.27% Abstain ............... 89,416.0555 0.55% 0.60% Broker Non-Votes ...... 5,083,673.0004 31.23% 33.94% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 3c: To amend the Fund's fundamental investment restriction egarding lending: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,456,741.4849 58.09% 63.15% Against ............... 349,410.7158 2.15% 2.33% Abstain ............... 85,603.6799 0.53% 0.57% Broker Non-Votes ...... 5,083,673.0004 31.22% 33.95% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 3d: To amend the Fund's fundamental investment restriction regarding investments in commodities: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,423,602.9362 57.88% 62.93% Against ............... 371,929.2645 2.29% 2.48% Abstain ............... 96,196.6799 0.59% 0.64% Broker Non-Votes ...... 5,083,673.0004 31.23% 33.95% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 3e: To amend the Fund's fundamental investment restriction regarding investments in real estate: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,472,301.9257 58.18% 63.25% Against ............... 334,790.2956 2.06% 2.24% Abstain ............... 84,636.6593 0.52% 0.57% Broker Non-Votes ...... 5,083,673.0004 31.23% 33.95% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 3f: To amend the Fund's fundamental investment restriction regarding industry concentration: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,482,559.9379 58.25% 63.32% Against ............... 326,152.8397 2.00% 2.18% Abstain ............... 83,018.1030 0.51% 0.55% Broker Non-Votes ...... 5,083,671.0004 31.23% 33.95% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00% Proposal 4: To approve of the elimination of certain of the Fund's fundamental investment restrictions: % OF % OF OUTSTANDING VOTED SHARES VOTED SHARES SHARES - -------------------------------------------------------------------- For ................... 9,427,058.5007 57.91% 62.95% Against ............... 373,847.2771 2.30% 2.50% Abstain ............... 90,823.1028 0.56% 0.60% Broker Non-Votes ...... 5,083,673.0004 31.22% 33.95% - -------------------------------------------------------------------- TOTAL ................. 14,975,401.8810 91.99% 100.00%
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