A. meeting of intending shareholders in the North-China Insurance Company was held on the 16th instant, Prosont:—Messrs. Lavers (chairman), Wood, Francis, Tittle, Purdon, Evans, Hart, Maitland, Grant, Brand, Love, Mac iean, Cameron, Bovet; Skeggs, Seligmann, Hague, Drummond, and Morris (Secretary.
The Cuanza explained that the term of the present Company expires on the Bist December next, so it was necessary to sot about reconstitution. The character of the business had altered of late, The Company had now always large lines on a number of Ocean Steamers leaving all together at the beginning of the season and this necessitated a larger capital, It was proposed to raise the capital to Tis, 2,000,000, of which Tls. 600,000 shall be paid up. "There was a chance, also, of obtaining an Order in Council extending the provisions of the Joint Stock Companies' Act to Shanghai, and thereby enabling them to register as a Company, limited or unlimited. It would be necessary to insert in the new Deed a clause enabling the Company to take advantage of that Order if it be promulgated, Bir, Duvsnrox explained at considerable length the disabilities under which Com: panies here, being merely big partnerships
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