Four rubber companies in Shanghai have recently undergone reconstruction or are in process of so doing. In two of the cases the idea of reconstruction has been brought about by the need of ducing the capital to limits which under normal conditions in the rubber industry would result in the payment of adequate returns any the money invested and the probability of maintaining the price of the shares in the vicinity of par. In the case of one of these companies the shareholders. have also been notified of certain difficulties in financing it through the present period of depression. As regards the other two of the four companies alluded to, reconstruction has been proposed with the idea of obtaining from the shareholders addition] capital to see the concerns through the present crisis.
In regard to the first of the four companies, the Kota Bahroe, a section of the estate was recently sold, and it was considered advisable to reduce the capital to a figure which would in normal times make the estate a good investment. This operation has now been practically carried through.
Tue Kamentine Scuene-
A second company is the Kamun ting (in Kedah) Rubber Plantation Ca., Ld., a meeting of the shareholders of which took place on Tuesday afternoon. Recently the position of this estate was explained to shareholders in a circular issued by the Secretaries." The important points of this circular were as follows:—
The issued capital is Tls. 672,- 881.05 made up of 55,007 shares of
Text read from the printed page and cleaned; old type leaves the occasional error.