An extraordinary general meeting of the shareholders of the above Company was held at Messrs, Jardine, Matheson and Company's ofice, yesterday aite non, for the pur of considering and if thought tit approve alterations in the rules contained in th Deed of Settlement of the Com order to provide powers (a) for i the capital of the Company thereto, (b) for detining and extend Dorrowing powers of the Boar, altering the quorum necessary for meetings and for pessing special resolutions, (d) for providing more in detail for the general working and managem the Company.
The chair was occupied by Mr. R. Inglis (Chairman of the Compa ho was. supported by Messrs, A. McLeod and J. Xcott, Directors; E. Jenner Hogg, J. M. Young, L. J. d'Almeida, L. Camera, Reith, G. J. Morrison, C. Buchanan, YP. Jonce, R. E. Bredon, T. Pemberton, and R. Macgregor, shareholders, along with Mr. J. C. Hanson, Legal Adviser, Mr. D. Glass, Superintendent, and Mr. C.
The Secretary having read the notice convening the meeting, The Chairman said—Your attendance here to-day has been asked to approve of the alterations in the Deed of Settlement which were suggested at the extraordinary general meeting held on the 2ist June last. In accordance with the terms and conditions of the old deed thirty day notice had to be given, and this was dul done on the 16th of last November. Conies of the new or rather the revised deed have deen in your hands for some days and I fancy yelt have all had time to look carefully through them. I would ask your attention to clause No. 69 in the new Deed, page 18, which refers to the borrowing powers of the Board. By this, if you pass it, your Directors are empowered to without the sanction of a general meeting. It is proposed to issue new deten-tures at 6 per cent per annum as the money may be required from time to time. The amount necessary I am hardly prepared to state at present, but it will be in the neighbourhood of Tls. 400,000. I have no more remarks to make except to say that you to assent to these terms of the revised deed I shall be glad to answer, to the best of my ability, any riy shareholder may wish to put.
At this stage the Chairman invited comments, but there being no shareholders with any to make, he proposed the following Deed of Settlement of the Company be altered, and they shall rend as in the draft now before the meeting and initialed by the Chairman, and that the rules as contained in such draft be and they are hereby adopted as the regulations ofthe Compan to he exclusion of all the existing regula-tious thereof."
Mr. MeLeod seconded the resolution, which was carried unanimously, and the proceedings terminated.
The new Deed of Settlement will be sent to Hongkong for registration under the thew Limited Liability Company Act.
Text read from the printed page and cleaned; old type leaves the occasional error.