An Extraordinary General Meeting of the above Company was held at the offices of the General gers, Messrs, Jardine, Matheson and Ca., on Tuesday at 3 p.m., sent:—Messrs. R. Inglis (Chairman), A. when the following gentlemen were pre-
MeLeod, Lavers and Zee Quay-ying (Direetors), and Anton, Kerfoot, Murray, Fleer, Shepperd, Thompson, Landale and McKie Geeretary to the Meeting).
The Chairman said—Gentlemen, there being a quorum present T will ask the Secretary to read the notice convening the meeting cing done the Chairman. continued:—As this meeting is. purely formal one, called t" comply with the provisions of the Hongkong Ordinances, T will not detain you further than to formally propose that the following resolutions, pussed at the meeting held on the Ist July, be con+ firmed 1.—That the capital of the Company be reduced from the sum of Tis, 1,750,000 divided into 17,500 Shares of 100 each to the earn of Tls. 759,000 divided into 15,000 fully paid up Shares Ts. 50 exch and that such reduction be effected by cancelling the 2,500 Shares of the existing Shares which have not been issued and by cancelling capital which has been lost or is unrepresented by available assets to the extent of Tis. fully paid up Shares which have been issued and are now outstanding, That as soon as reason ab y may be after the confirmation by the Supreme of the reduction the y's Capital to th: si divided into 15.040 fully paid up Shares of lls. 50 osch che capital the Company shill be increased to the sum of Tls. 1,009,00 by the creation of 5,000 New Shares of Ths. 50 excels ant that the Gereral Managers be and they are hec-by authorised to offer such 5,000 New Shares to the members holding three or more Shares in the proportion of one new Share to every three existing Shares held by them respectively (bub so that no fractional part of " share shall be issued) upon the footing that the full amount of exch new Share taken up shall be paid tothe Company on acceptance of the offer; that such off-r be made by notice specifying the number of Shares to which the member is entitled and limiting " time within which the afler if not accepted by payment will be deemed to be declined and that the Shares wat taken in response to such offer be disposed of by the General Manavers with the approval of the Consultiog Committee as may be considered ex: pedient in the interest of the Company, and that the General Managers be and they are hereby auchorived to issue all such notices and ducumen's, fix all such times and take all such stoas ax they may consider necessity to give effect te this resolution Tuat Paragraph No. 10 of Article XV of the existing Articles of Association of the Company be cancelled and that in liew thereof the following paragraph be substituted, namely "The General Managers shall be paid or allowed to deduct by way of "remuneration for conducting and "transacting the business of the "Company a commission of ten per "'centum per annum on the net profits "of every year and als a sum nob eyeding Ts. 5,000 office expense:
he business of the Compan This was seconded by Mr. McLeod, and the issue of the new shares could be made it would be necessary to forward a petition to the authorities in Hongkong to secure their approval of the reduction of capital, and this would be done without delay." The res would be issued on the Ist of November next, being the first day in the new financial year of the Company.
concluded the business of the
Text read from the printed page and cleaned; old type leaves the occasional error.