The extraordinary resolution to. increase the capital of the Kota Bah roe Rubber Estates (1921) Ltd. from Tls. 292800 to Tls. 375,000 was passed unanimously at a general meeting held in the offices of Messrs. A. R. Burkill & Sons (secretaries and" gen-Jeral managers) 20 Canton Road, at noon on Frifey. Mr. C. R. Burkill (chairman) was supported by Mr. M. Bain and Col. 7. E. "Trueman, directors and Mr. C. J. Smith, secre: tary. Shares represented were 85,131.
The chairman said:
The purpose for which this meeting was called was explained In our circular letter to shareholders dated May 11, As informed you, the company owes against loans and interest, unpaid directors and secretarial fees) approximately $71,000, and the directors are of opinion that the time is) opportune to. obtain fresh capital. This they propose to do by offering existing shareholders at par Tis. lors—say $1.08 each—one new share for every 5 old shares held. As, how-fever, the authorised capital of the company is fully issued, a resolution. fo increase the capital of the company must first be passed by shareholders. When this has been done, forms of application for new shares will be issued to registered shareholders at date. Applications for new shares will be received up to June 29 from local shareholders and September 20, 1954 from shareholders living broad. Shares not applied for will bbe disposed of by the directors in the best interests of the company.
"There being no questions the following resolution was passed:
That the caplial of the company is, 315,00. by. The Greation of 110,000 additional "shares of ted cents 7 each ranking for and io. all other respect shares
Text read from the printed page and cleaned; old type leaves the occasional error.