The most important element in the organization of a limited Viability company is the share~ holders' meeting. The Government has repeatedly announced that. the for the conduct of these with the share-
The Directorate in calling of shareholders always declare that all contemplated action waits on the decision of the meeting.
This proves that those directing the company's operations have. always} regarded the shareholders as having the business] such a meeting must not be unduly postponed.
The financial committee, acting: on the published announcement of the official Director that, when reorganination was completed, the company would be returned to the control of the shareholders, has requested that] a meeting of shareholders be convened and the original constitution of the company' restored. The Board of Communications, pressed by public opinion, ordered that the names of shareholders should be sent in by May 15 and the meeting] called. for June 15. This was published but, suddenly, basing its action on a single letter from the chairman of the Board of Directors, excused itself on the ground that many shareholders could not have been reached by the notice and prolonged the time for sending in names until July 5. and said that the shareholders' meeting must wait till after the register has been completed.
Now the time for sending in names has" been passed by some! months, and the register of share holders' numbers more than half of the shares held, yet there is no sign' that the meeting: will be called. Does mean that our company's share-The of the Board of Com-holders are to have no. standing
munications said one thing. but its actions said something different. There is no greater example shiily-shellying than this and what] effect will it have on the people's faith in the Government? This is the fourth reason why we dare not keep silence.
Text read from the printed page and cleaned; old type leaves the occasional error.