By a resolution which was) accepted unanimously-at_an extra-mary general-meeting of, share-in Messrs. Weeks &'Co., in Kiangse Road, was decided that the should be voluntarily wound up. Mr. A..K. Craddock presided, supported by Messrs. T. E. Trueman and H. Martin Little (directors), Mr. E.- F, Hardman (auditor) and Mr. A. Braid (secretary), Altogether, there were 11,095 shares represented.
The Chairman said:
The object for which your direetors have called this meeting of shareholders is a very momentous one; it is to decide whether the Dusiness carried on by this company and its predecessors for 52 years shall be closed-up voluntarily, for some other plan evolved by which it may be continued on a profitable basis. That is really the question you have to decide this afternoon. Your " directors have been fully alive to the in-! creasing difficulties which have beset the path of profitable retail trading during the past five or six years, although some newspaper correspondents, as well as a few anonymous shareholders, appear to! have thought that the directors: were bent upon leading the shareholders, including themselves, into financial loss by continuing trade, entirely overlooking the fact! that, to close op without first finding 'a bayer for our land and buildings, would bring about a. worse catastrophe than they feared would result from continuing to trade. Now that the price of seven lakhs of taels has been obtained for' our Nanking Road and Kiangse Road land and buildings, and as it ig not possible to find other pre-econom your directors ses large
are of opin they can recommend! to the shareholders the Noluntary winding-op of the com pany.
Text read from the printed page and cleaned; old type leaves the occasional error.