First China Productions' Officials Resign Trouble which has. arise nection with the affairs of the First China National Productions, Ltd, jan organisation which advertised dely'in the press recently in re-1rd to its formation, has led to the ignatian of the president, two. vice-presidents, the secretary-tre surer, the assistant secretary, and the two legal advisers and an nouncement that moneys paid in as share subscriptions will be refunded, The officers who have tendered their resignations are Messrs: Wen yao and Mir Re E. Macintyre, Taung-yas, president: Me. Tao El and Messrs. H1.'D, Rodger and Chang Yao-toong, legal ad. Visers. Messrs. Wen," Tao and Liu state that all persons haying subscribed and. paid, to the National Commercial -& Say ings Bank and the Shanghai Commercial & Savings Bank may, their option, have the amounts refunded in exchange for First
receipts signed it. ©, H. Lee National Praductions, (24. and for bank receipts, if applica-on is made on or before Septem: ber 1.
In an advertisement appearing in the" Chinese newspapers, Messr. Wen, Tao and Lin state that it_was their original intention to. utilise Sino-American capital and American technical experts" to develop. the sound moving picture. industry in China but unfortunately there was disagreement between the' directors on matters of administra ait
Text read from the printed page and cleaned; old type leaves the occasional error.