The above preparatory measures, which had been earvied out in the interest of the creditors and cor respondents of the Bank, in particular the closing of outstanding: exchange contracts, sale, with a sacrifice, of a part of the awats in cover of indebtedness to the Guarantio und Credit Bank fr den Osten, partial disposal of the Bank's inventory, payment of the retiring allowance to the employees ele. must have inevitably resulted in heavy, Josses, nevertheless in spit Josses incurred by the windii the Bank's aff ition to pre:
Jeeting. of shareholders decide upon liquidation, such a balance sheet haul the extratdinasy that upon meeting all obligations and realization of the assets would enable the shareholders not only to recover the entire stock capital but also the reserve funds, and to get, above all, a certain dividend.
conclusion, the Board of Directors is glad to mention the numerous expressions of sympathy and confidence the Bank reeivel from its various customers and cor respondents, The appreciation of Nie importance of the Dalbank in local economics and in the trade between the U.S.SR, and China has resounded not only in the local bus ness circles of Chinese and Russian nationality, but in the foreign press in the Far East as well, by whom a fast valuation of the part played by the Bank in the economy of the country has been made.
The Resolutions In closing the report, the Board of Directors requests the shareholders:
(4) To express their opinion on the activity of the Bank for the period from January 1 to July 1, 1929, during which time the busi ness' of the Bank was carried on under comparatively normal conditions.
(2) To approve the _messures talien by the Board during the period at preparation for the possible liquidation of the Bank.
(3) To pass a resolution xe advis-) ability of Liquidation of the Bank.
Should the liquidation be decided upon the shareholders are requested:
(A) To elect a Liquidation Committee which is to be requested to) verify the final balance sheet of the Bank, (5) To approve the draft of regulations for the liquidation of the Bank, (G) To pass a resolution on the) question of refunding to subscribers the additional issue of shares the amounts paid by them and now held on a special sceount with the State Bank of the US.SR.
(7) To express to the staff of the 8 BEN Ce one The Crocodile:—Yes!
Text read from the printed page and cleaned; old type leaves the occasional error.