The Archive · 1925

Winding up Orders in Hongkong

A CHINESE BANK IN DIFFICULTIES

and Shanghai The petition for the winding up lof the Chinese Merchants' Bank, Ld., was again the subject of proceedings at the Supreme Court on Friday last week before Judge Skinner Turner. The company was! incorporated in Hongkong in August, 1917, with a nominal capital of $8,000,000 divided into 200,000 shares of $25 each. The petitioner for the winding up, Chan Yik-slue fof 2127 Boone Road, Shanghai states that he has made application for the payment of $588.57 deposit-by him in the Savings Department of the Bank, but that the company has failed to pay the same Jand is insolvent and unable to pay its debts.

Text read from the printed page and cleaned; old type leaves the occasional error.

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