Recognised as Valuable Asset) A Alvidend of ten cents, Chinese to Chinese Govt. currency, was declared at' the 27h annual general meeting of the Java 'A. prospectus has been fled with Consolidated Rubber & Coffee Estates, Registrar of Companies for the Lid, held in the offices of Messrs. formation of a new firm to be known 3. A. Wattle & Ca, Ltd,, secretaries the Metal Industries of China, Ltd. and general managers, at No. 99 Can-'The authorized capital is $10,000,000, fon Road, at 1145 a.m, on March 23, Mr, C.F. Shackleton, who presided, divided into 2,000,000 ordinary shares was supported by Mr, R. N. Swann, of $5 each but the present Issue is Mr. Horace Kadoorie, directors, and one for 250,000 shares, 150,000 Mr. A. J, Welch, representing the which will be issued and credited as secretaries. Shares' represented fully pald up; 32,000 have Deen apamounted to 103,200, plied for by exiting shareholders of following resolutions were the China Ship-Breakers, Lid, and will be alloted in full for cash; and lis, Director: the remaining 68,000 shares will be Ret gt Agena for offered for public subscription.
The objects for which the com-Becton ain ike ge preanicl Susckilon, ana socendss By ME pany has been formed are in particu-Tar to develop the business of importing ships as a means of acquiring Se"LPR ShecacenPYana secbaded That a dividend of Tex Chinese Dla their component metals, machinery and other materials which has been appointment of Mtr, C.F, carried on by the China Ship-Break- shackler hat the appointment of, Mr, C.F fers, Ltd, since 1933, That company has bees uniformly successful in its Song business and has progressed from the position where it would only purchase vessel which could be inspected on forte, the spot, through the stages of "That Incas. Lowe, Bingham & Mat-buying vessels unseen, from partianewe, bevsreceloeied nudltars, to Mia te culars submitted but with delivery Seeppene.n Proposed by Mis. Ang. Welch. fat Shanghai, to that of buying with delivery abroad and either working or towing the vessel to Shanghai. It is now in a position to compete with producers of the same form of raw material in adjacent countries and, as has recently been recognized, isa valuable asset to the
Text read from the printed page and cleaned; old type leaves the occasional error.