An extraordinary meeting was then held for the purpose of considering the following resolution:
hat the capital of the company be increased to Tls. 1,600,000 Shanghai sycee by the creation of 80,000 new shares of Tis.
10 each ranking for dividend and in all other respects pari pasan with the existing shares in the company. %—That the said 80,000 additional I should also point out that it requires to-day practically three times as much capital to finance a bale of yarn or a picul of cotton it did in 1807 and that our increased plant we have nowadays to carry 'a much larger stock both of these than was contemplated when the company started operations.
At present we are unable to take advantage of the market and lay ina stock of cotton when prices fare favourable, "Also, on the other hand, we are at times compelled to pose of our stocks of yarn and jeloth irrespective of market conditions so. as. to realize sufficient apitol to carry on with, Voluntary Liquidation the
Text read from the printed page and cleaned; old type leaves the occasional error.