A. special general meeting of the shareholders i this Company ¥as held on Wednesday afternoon, in the Shanghai Club for the purpose of confirming the resolutions at the meeting of the 16th inst. Mr.
V. Drummond presided. There were
jogg (Directors), R. E. Wainewright, H.
Mess. R. Francis, end E. Jenner Sylva, 4. Thorburn, and, C. J. Dudgeoa, Secretary, representing 1,727 shares.
The Ciatuean, before proceeding with the special business of the meeting, read the following letter London, 20th April, 1888.
Sm,—We last addressed you on the 6th inst., and we have since received your letters of Ist and Sth ult., the contents of which have our attention. ' We have now to advise that yesterday much to our astonishment we received cable advice from Penang, informing us that the expert whose report we have been so long expecting, now refuses to act, why we Go not know, and we must wait his letters for explanation. In these un cireumstances, a meeting of the syn will probably be called to ascertain the views of its members, and to come to some decision as to future action, if n It is not unlikely however that now it will be suggested to an expert from England, seeing that the two experts on the spot with whom we have been in communication, bare both to commit themaclves, but whether this disappointed us, showing apparent reluctance gestion is acted on or not, will rest with the syndicate, We are, dear Sir, Yours faithfully, A. Gunn & Ca, To Cus. Dopcxox, Ex, Secretary, Perak Tin Mining & Smelting Ca., Limited, Shanghai.
The Chairman briefly commented upon the collapse of the negotiations through the failure of the syndicate to keep faith with the Company, and on the action of their agents in London, Messrs.
Ca., in the matter. Messrs. Gibb & Ca. had not told them who composed the th, syndicate, or even named the experts who were expected to inspect the mine. He characterised the action of the agents as apathetic in the interests of the Company in allowing the syndicate to act as they had done in the matter. The Board in Shanghai had been kept entirely in the dark to what was going on in London.
After some slight discussion, the Chairman proposed, that the resolution passed at the last meeting, namely, That the Company be, and it is hereby put into liquidation, be confirmed.
Mr. Francis seconded and the resolution was passed nem. con.
Mr. THURBURN proposed that the following resolution be confirmed be, and they are hereby, placed in the hands That the Affairs and Assets of the Company of a Committee of Shareholders consisting of W. V. Drummond, R. Franeisand E. J. Hogg, with power to liquidate and wind up Company and to dispose of the Assets of the Company for such consideration or considerations as they may think fit and further to do all such acts and things as may be necessary for carrying into effect these Resolutions.
Mr. Wanvewricut seconded the resolution which was carried unanimously.
This concluded the business, and a vote of thanks to the Chairman having been passed on the motion of Mr. Thurburn, the meeting adjourned.
Text read from the printed page and cleaned; old type leaves the occasional error.