The hearing of the action by Mr. against \s Brothers, Federal Leighton Shields, District Attorney,
Me, USA. and Messrs, George D. Hupper and Roy Allmbin, coftigers and. directors thereof, "was adjourned by Judge Millon. Helmick in the U.S. Court for Ching fon Maren 28 tHE next day The proceeding was instituted at the request of Miss A. Violn Smith, Registrar of the China Trade Act, for the revocation of the certineate of incorporation of the defendant corporation, the complainant being satisfied that te affairs of the de= fendant corporation, 'a tobacco. fern in Tientsin, have been and are cone ducted eonivary to the provisions the said aet and contrary. to the charter and bylaws of the corpora: tion.
According {0 the complaint, the executive management of the' car poration has been solely and wholly neid and conducted since its "Ineorporation by Mr. Stanatios C, Canal Takis, a Greek subject, and that the flees "of president treasurer have been and are held nominally by Mr. George D. Happer and INF. Roy G. Allman respectively.
further alleged in' the com= paint that a considerable portion the shares of capital stock of. the corporation has been Issued 9s fully pale for, notwithstanding that' what ever payment has been made there= fore was other than cosh. The cor poration is also alleged to. have failed, in its annual report for 1936, truly to stale the finaneiat condition of the firm in that the statement me shows items of funded obliga> the firm, aggregating $400,000, ribed ug loans and debentures, ich are not in truth and in. tael valid obligations of the company.
Text read from the printed page and cleaned; old type leaves the occasional error.