Paris, July 25.
A general meeting of the shareholders of the Banque Industrielle de Chine took place this morning. The report of the Board of Directors and the renewal of their powers were approved by 32,000 votes to 1,800. The meeting approved unanimously less 297 dissentients, two resolutions (1). Granting the Board of Directors power to put in a petition jor a transactional settlement.
(2) Fixing the conditions of repayment of claims against the bank, viz. (a) All debts of a purely banking nature, dep accounts, cheques, drafts, etc., will be paid by priority; (b) Creditors will have the choice either of repayment or of obtaining preference shares; (ce) The other claims will be repaid later with interest.
By the adoption of these resolutions the meeting showed its determination to ensure that the Banque Industrielle shall continue to operate after the transactional settlement has enabled is to emerge
Text read from the printed page and cleaned; old type leaves the occasional error.