wanty-five Per Cent, Reduction' in Capital to Be Effected At H.M, Supreme Court on Thursday, Judge Peter Grain heard motion'by the Kota Bahroe Rubber Estates, Ld, to reduce their capital from Tls. 390,000 to Tis, 292,500.
'Mr, C. Mansel-Reece, for the applicants, said that a petition had been filed which stated inter alia that by a special resolution passed and confirmed in' accordance.with Section 70 of the Companies Or-@inances (Hongkory) 1911, at traordinary general meetings of the company held respectively on October 15 and November 11, 1925, it had been resolved that the capital be reduced from Tls. 990,000 to Tis 292,500 and divided into 390,000) shares of Tis. ets. 75 each, and that such reduction be effected by reducing the nominal amount of the shares from Ti, 1 to Ti. cts. 7 for each share, The petition prayed that the form of the minute proposed be registered as follows:—"The capital, of the Kota Bahroe Rubber Estate (1921) Ld. and Reduced is Tis, 292,00 divided into 300,000 shares of Tis. cts. 75 on each of which the full amount per share is deemed to be paid up i stead of the original capital of Ti 890,000 divided into 290,000 shares of Tis, 1 each of which Tls. 1 per} share has been deemed to have been fully paid up. The company also) petitioned that the reduction of] en pital to be effected by the special] resolution mentioned be confirmed, that the minute be approved by Court; and that a day might bo} fixed on and after which the company be at liberty to discontinue! the addition to its name of the words "and Reduc The motion was granted,
Text read from the printed page and cleaned; old type leaves the occasional error.