London, Nov. 8.
Affidavits by shareholders in the concern, which, it ix alleged, amount to charges of fraud against the! directors, were read at the Chancery sion to-day in the course of the) Ib. hearing of the Marconi Wireless Telegraph Co's. petition to write down the capital of the company! from £4,000,000 to £2,875,000, me volving reduction in the fully paid-up value of the ordinary shares from 20/- to 10/-, The spokesman of the opposition! aimed at} ig the directors by sequent appreciation of the artificially depreciated shew profits in order to justify the enormous sums they are receiving. fas remuneration for thei services."
The company's counsel, who montioned that Signor Marconi was too ill to attend at present, said that this was a charge of fraud of the grossest description. He read an affidavit by Signor Marconi denying the allegations of the opposition.
The hearing was adjourned.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.