The directors of the. Shanghai Sani Laundry Ca., Ld., have issued a special report to the shareholders covering the period from November 30, 1920, to February 98 last. This report points out that the total number of shares subscribe ed for is 10,717, equalling Tls. 107,170, while the capital expenditure has amounted to Tls. 134,778.- 60. In the expectation that after the company had actually commenced business the public would more fully support the enterprise and subscribe for the unallotted balance of shares, the company's bankers granted a special overdraft as working capital, not to exceed Tls. 60,000, secured by the whole assets of the company.
Since the first allotment new have not been applied for as directors had hoped, and the feel that the time when if the enterprise is to succeed. it. will be necessary for shareholders to increase. their' pre-by subscribing addi-1. It is pointed out that there is an increasing demand for the company's laundry work, the monthly output, of wi ich is 111,584 pieces, whereas the minimum. initial output. when the whole plant is working is estimated at 700,000, which could be increased,
Text read from the printed page and cleaned; old type leaves the occasional error.