Statutery end Ordinary The first meeting of shercholdjets "in the Stall Investors Ld. Was held on Wednesday afternoon AL the offices of the company, Szechuen Road. Mr, G.. Wright,
and was supported by Messrs, chairman "of "diteetorg, presided Marshall and B. W. Gale,
managing director, and Mir, J.
rectors, Mx. Douglas Fleming, Burgess, secretors. The, attend ance represented 41,770 shares. tory mesting having been rend, The notin convening the stati. the Chairman said: Gentlemen, this meeting is called to compl; the Companies Ordinance which as you are probably aware, Require every public company, to hold © statutory mesting within Ukroo months from. the date which the company is entiied To business.
The statutory report has been in your hands for several days and with your permission Twill fol-Tow the usual course and tuk it og read. From it you will havi freon that the 80,000 shaves offered or public subscription have been taken up and the amount) duo on application fully paid. Considering the stringency of the money market. xb the, time subscripvohs Wore invited, it is satistnctory to place on record that applications wore received: for 10,450. shirres ita. excess of the number offered.
"The agreement, for the aalo and purchase of the business formerly caryled on by Mr. Douglas Flem= ing, sole proprietor of the Small Investors' Company, referred to in claus & of the articles of sociation, has been, duly executedd fand the' fixtures taken over provided. in that" agreer Tu our prospectus. wa estimated that, "our preliminary - expenses Gnehiding Tegal expenses, audl= tors' fees, vogistention fees, der writing "commission, " ote.) Mould be in the neighbourhood of Mis, 7.000, and T. tin pleased to bs able to state, that they will' be: Well below this figure.
'A list of shareholders jo lying on the table and is open for your inspection, we are holding our first
ately alter this rooting, Twill gdinacy general meeting immedi. reserve until then the fow addi~ tional remarks T have to mike, but if you have any questions ask in connexion with the report, shall be pleased to answer them to, the best of my ability.
wer were no questions, and the statutory report. as presented was adopted, en the proposal of the Chairman, seconded by Mr.
Text read from the printed page and cleaned; old type leaves the occasional error.