Another Merger Suggestion To the Editor of the others of, the same tenor, signed _fitrThe attached form of lat oF nineteen "of ihe largest owners. Preference shares, holding "in the ageregste 9601 shares, has been forwarded to the Directors of the New Engineering' & Shipbuildings Works [as While the smaller holders have not been approached, there ix reason believe that they wil concur in'an attempt to. carry through the merger withthe Shanghai Dock & Engineer Ing Ca, La. by making this voluntary lsaeritce of a portion of their Tights it" tg to "be hoped "that the ordinary" shareholders, who are not asked to surrender anything, will appreciate this, and do their part towards arriving at a. "eonstmation devoutly to be wished."
'Although the liquidator of thoee sets not contributed. to the amalfeamation will not receive the 50000 shares inthe new company a8 proposed inthe Director scheme, his' cath Position wil be unchanged, since, lsccording to the Chairman's natement at the Preference Meeting none of These were to be 101d, On the other hand, the Anal balance remaining with the Liquidator, whatever it may be, wit belong tothe "ordinary" share: Holders, and not be shared with the holders! gt preference" Nor would Sordinary® shareholders part with any portion of their voting Tights.
Anmun [a AxoERso "Happihowse" Dee. 16
Text read from the printed page and cleaned; old type leaves the occasional error.