Resources of $11,376,437, Liabilities $7,772,407: Capital Stock Outstanding $2,575,301
With only the terse comment that they were not the liquidator's idea of conditions, but merely what the books showed at the clove of busi-fess on May 28, 1935, Mr. Frank ough, liquidator for the Raven com~ Panies' appointed by the US. Court for Ching, late on Thursday night Jssued statements concerning assets and liabilities of, the American-Oriental Banking Corporation, Ameriean-Oriental Finance Corporation and the Raven, Trust Company. The statements," long-awaited by depositors, shareholders and the Shanghai public in general, and compiled by" Mr. Henry S. De Vault, certified public accountant, reveal many interesting gute which will be gone over with fine tooth-comb by Mr. Hough, the auditor, and his staff fat the close of business May 23, 1995 (Expressed in' Shanghat Dollars).
Assets:
"American Oriental Banke ing Corporation. 2495070 ner Depostarien '333 investments:
The resources of the American-Oriental" Banking Corporation, according to the books, total $11,370,- 437.70, while abilities are listed at $7:772407.69 with capital stock out Htanding at $2,575,801.19, At a quick glance at resources listed in the statement given in full below, students of finance" may grasp the rather important point, ie, tHie resources show a sum of. nearly $1,900,000 is owed to the bank by associated companies but no de-falls are given concerning. the $6, '795,495.73 owed by "others." This is Interesting in view of the fact that the associated companies by their own "request for liquidation known to be in dimteulties and what may, be reclaimed from "others" is unknown until, further details can bbe produced.
Text read from the printed page and cleaned; old type leaves the occasional error.