At a meeting of the Board of Directors of the Shanghai Tug Lighter Ca,, Ld. held on December it was decided to recommend to shareholders an increase of the normal capital of the company from Tis, 1,000,000 to Tls. 1,500,000 by the creation of 20,000 new ordinary shares of Tls. 25 each. and to issue 6,000 of such shares forthwith at Tia, 40 per share, that is at a premium of Tls. 15'per share. The new be offered to portion of three new shares for 10 old. It is intended to devote the funds so raised to inaugurate a motor land transport service in connexion with the company's lighterage business.
'A circular giving details of the scheme will be sent to shareholders fas soon as possible,
Text read from the printed page and cleaned; old type leaves the occasional error.