The Shanghai Dock & Engincering Ca, petitioned the British Supreme Court on October 8 to confirm the resolutions passed by th2 company at a recent meeting to reduce their capital from Tis, 4,177,- 000 to Tls. 2,785,000.
The petition was presented by Mr. A. E. Seddon on behalf of the com: pany and was granted by Judge, GW. King, In opening the ease for the company, Mr. Seddon said, that the petition had been presented under Sections 47 and 48 of the 1911 Companies' Ordinance, The procedure followed at the meeting was laid down by Sections 48-50 of the Local 'Companies' Ordinance, and where there was no procedure laid down under these sections the procedure, of Article 53 had been followed.
Dr. F. Wilhelm who appeared for the petitioner said that there were two Russian laws which the court could adhere to, which was cither the old Russian' law or the Soviet law. In the former, proof was necessary of continual desertion and the whereabouts of the other party must be ascertained, whereas in the Soviet Inw a declaration was only needed to bring about a divorce. The court decided to hear the proceedings under the Soviet lay.
Petitioner said that she was married in November 1919, and at the end of 1923, her husband desert-led her and disappeared. She further stated that she was forced to come to Shanghai to earn a living.
The ease was adjourned definite!
Text read from the printed page and cleaned; old type leaves the occasional error.