An extraordinary general meeting of the Shanghai Hotels, Ld., wae held on wednesday, when there were present: Mr, brodie A. Clarke, in the chair, Mr. H. G. Simms, Mr. J. H. Taggart, and Mr. G. H. Wright (directors). The attendance represented 63,375 shares.
The notice convening the meeting having been read, The Chairman said:—Gentlemen, This extraordinary general meeting has been called for the purpose of considering, and if thought fit, passing the resolution as set forth in the notice convening same, which has been appearing in the local press during the last eight days, the effect of such resolution if sanctioned by the shareholders being to authorize your Board to increase the borrowing powers of the company to the extent of Tls. 500,000.
In this relation the necessity has arisen as the outcome of the recent acquisition by the Hongkong Hotel Ca. of the controlling in-
Text read from the printed page and cleaned; old type leaves the occasional error.