21,700. The Chairman proceeded to point out that any money psid in must be forfeited if the rest of the agreement was not carried out, The Bank insisted they must have their overdraft, because cash offer had been received.
Mr. Matthews said they asked the Bank to let them carry on until Friday if $5,000 was paid, bat this was Mr, Sinnecker ssid he would make arrangements with the Bank as to the The Chairman—I shall be pleased to see the Bank with you, and if I can satisfy them about patting up the N. money. so mach the better, Mr. Home ssid he thought Mr. Sinnecker's offer might be accepted, subject to its approval by the Bank.
Mr. Sinnecker—The overdraft will be wiped off, and the total amount will be paid in within forty-eight hours.
Mr. George Grayrigge said be would go one better than Mr. Sinnecker and Star $35,000, Btraite dollars cath.
Mr. Martin objected. He understood that no offer not made in writing would be accepted.
Mr. Sinnecker agreed, Mr. Martin said they were distinctly told all offers must be made in writing before the meeting.
an—I asked Mr. Sinneckwriting because it was the offer of a ayadicate. There is no obligation upon anybody to make an offer in writing, A shareholder suggested that the highest offer be accepted.
The Chairman explained that the matter lay between the liquidators nnd
Text read from the printed page and cleaned; old type leaves the occasional error.