Prospective applicants for new shares in the Shanghai Waterworks. Ca., Ld., are reminded that the last date for receiving applications: is the 15th instant.
The terms of the new issue are briefly as follows: for every five old shares a shareholder will entitled to one new share at £40, and for every two new shares taken up at £40. he will be entitled to one Shanghai in taels at the exchange ruling at the time of declaration, Dividends are payable in Shanghai er London at the option of the shareholder; if paid in Shanghai they are not liable to income tax. The total dividends and bonus for the year 1918 were £2.10.6 per shi The new shares will rank for di dend from April 1, 1920, i. they will be entitled fo three-qui ters of any dividends (interim and/or final) that may be paid in respect of the year 1950, payable on the same date as the final dividend for the year shall be declared to be-payable.
Text read from the printed page and cleaned; old type leaves the occasional error.