Counsel proceeded to. read an affidavit by, Mr. A. M. Cannan, formally testifying that the statements in the petition were true, and also stating the: procedure which had been adopted to make the petition technically correct. Under an order of the Court dated May 4, Mr. A. Covey, Official Receiver, had been appointed provisional liquidater, and counsel said he proposed to ask for restriction and limitation of his powers under that order. Messrs. Massey & Ca., Ld. had been appointed special managers, to pay the April salaries of the staff. raise Tls. 50,000 to meet current expenses, and sub-let the premises to monthly
Text read from the printed page and cleaned; old type leaves the occasional error.