'A petition was brought by Messrs. Deacon & Ca, Ltd, of Canton, before Judge P.'Grant Jones in H.M. Supreme Court on Saturday for th confirmation of the alteration of the company's capital from Hong Kong $200,000 to Hongkong $100,000. Mr. RF. C, Master appeared on [behalf' of' the petitioners. The petition stated that the company had at [present a capital of $200,000 divided into 200 shares of $1,000 each. A reduction making the' capital "200 shares of $500 each was applied for, Jand further the cancellation of $500 per share, reducing the nominal Amount of each share from $1,000 to $50.
The petition was by two affidavits, signed by a legal [practitioner for Messrs. Deacon Ca., and also by a chartered—accountant, Mr. Master said that this was a petition for the confirmation of the reduction of the company's capital, approved by a special resolution passed by the compan; The original papers were filed at the beginning of the year, and a. summons was taken out for the fixing of a date for the hearing of the INF! petition. Judge A. G. Mossop made an order which was subsequently amended because of @ recent case which appeared in eéurt, pointing out that the meeting passing the resolution had taken place less tha: 21 days after notice had been given. His Lordship gave permission for the order to be drawn up, and irected counsel to come into chambers for an amendment to be made.
Counsel came before Judge P. Grant Jones and applied for at amended order, which was granted on May 8. The order was lett It stood, and the petition was down for hearing. Tt was directed that notice of the hearing of the petition should be advertised before the end of May, and this order was complied with. Mr, Master submitted that the papers of the com-Pany were in order, and confirma-ton' of the reduction of the com-any's capital was given accordingly.
Text read from the printed page and cleaned; old type leaves the occasional error.