More information regarding the confiscation of the Sheng Kung-pao estates has appeared in the ver~ na cular press. This is to the, effect that the Mayor of Greater 'Shanghai had addressed a letter to the China Merchants SRI. Ca. ordering the company to forbid the Chih Vu Realty Ca. a subsidiary organ of the CM.S.N. Ca,, to hold 'a shareholders' meeting which had een conveied until the actual number of shares of the Chih Vu Ca. now held by the Sheng family, had been ascertained. The letter says:
"I have noticed from the press that the Chih Vu Realty Ca. has. inserted a notice calling a shareholders' meeting on January 19. The said company is a subsidiary organ of the China Merchants S.N.. Ca. and the majority of its shares are held by the Sheng Kung-pao family and the Vu Tsai Yih Chuang. Alli these shares have been ordered by the National Government to be confiscated or to be used for charity able purposes. Therefore their holders have lost all rights appertaining thereto as their ownership has been transferred in favour of the National Government.
"During the present time when the Government is continuing its investigations into the exact number of the shares now held by the Sheng family, I cannot see any. reasons for summoning a shareholders meeting. Should the members of the Sheng family or their representatives be present at} the announced shareholders' meeting, it will be against the Govern-_ ment's orders in this respect. You' are, therefore, ordered to forbid the Chih Vu Realty Ca, to hold its shareholders' meeting before the exact number of its shares now held by the Sheng family has been ascertained."
Text read from the printed page and cleaned; old type leaves the occasional error.