An extraordinary general meeting of the Repah Rubber & Tapioca Estates, Ld.. was held on Thursday afternoon at the offices of Messrs. Hopkins, Dunn & Ca., secretaries and general managers. Mr. Brodie, A. Clarke presided, supported by Messrs. G. Grayrigee and P. C. Inglis. directors, and there was an attendance representing 133,248 shares.
The notice convening the meeting having been read, the chairman said Gentlemen,—On September 22 last an extraordinary general meeting was held, at which, in view of the financial position it was rea-solved that the company be liquidated. Since then, however, the compulsory restriction scheme has materialized, and Mr. Grayrigge, one of your directors, has made arrangements for taking over the debenture of Tls. 60,000, held Messrs. Hopkins, Dunn & Ca., Ld. so that the company might be still able to carry on. Myr. Grayrigge has also offered to take over the agency and run it free of charge until such time as the financial position warrants other arrangements being made.
In view of the fact that the existing agreement with Messrs. Hopkins, Dunn & Ca., Ld. as secretaries and general managers expires on January 1, 1923, the board, being of the opinion that it will be for the benefit of the sharcholdere, have agreed to accept Mr. Grayrigge's offer on the terms proposed by him, so that as from January 1 next he will act as agent for the company.
That is all I have to say, Gentlemen, and it now remains for some one to propose that the resolution to liquidate the company passed at the extraordinary general meeting held on September 22 last be null and void and that the estate carry on as heretofore.
The Chairman added: The estate/is one of the best of the Shanghai'group. I do not think there is another estate that will be able to do as well as this one, because we have 400 acres of new rubber trees which will be six years old next year and which will come into tapping then for the first time. That portion of the estate is very clean and the planting has been carefully carried out. Both the visiting and general agents say it is looking very well indeed.
On the proposal of the Chairman, seconded by Mr. Grayrigge, the following resolution was then carried: "That the resolution passed at the extraordinary general meeting held on September 22, 1922, reading, That in view of the financial position steps be taken to wind up the company, be cancelled, and that the
Text read from the printed page and cleaned; old type leaves the occasional error.