To the Editor of the "Nonri-Cina Dany News"
Sin—At the request of a group of shareholders, and being one of the shareholders in the company, I have been proposed as a Director in the Shanghai Exploration & Development -Co, Ltd. I understand the Directors have already ce-opted a Director to the vacancy caused by the retirement of Mr. A. W. Burkil and T believe the said gentleman is leaving for Home before the Annual Meeting takes place on June 12.
Many questions regarding the distribution and investment of profits made will be asked at the Annual Meeting and although T have already a large number of proxies I should be glad to receive further proxies from any shareholders who will not be able to attend the meeting. These should reach me at the Stock Exchange before June 4, Shanghai, May 28, Another Shareholder's Views "To the Editor of the Nowri-Cuiwa Dany New Sim—In reference to the letter from' Mr. N. W. Hickling which appeared in this' morning's paper concerning his candidature asa Director of this Company, the Ri ort and Accounts. thereof which fire to-day in the hands of shareholders disclose the fact that two Directors have recently been coopted, Commander F. R. Davey and Mr. K.P, Tsai, This is quite accordance with established practice and since their appointments have to be confirmed at. the forthcoming General Meeting there is nothing at which to cavil. The only. retiring Director who seeks re-election 1 Mr, W. R. MeBain whose candidature it is absurd to suppose that Mr. Hickling will seek to oppose representing, as Mr. McBain does, the General Agents who must be given credit for assisting in presenting a Wary good account of the Company "It Mr. Hickling commands sutficient support {rom shareholders. 9 lect him it follows that the appointment of either Commander Davey or of Mr, Tsai cannot be confirmed. and the point now arises, should) a poll be demanded, as to whether or no the votes of the International Investment Trust and the Yangtst Finance Corporation, with both of which concerns Commander Davey {s closely identified, can legitimately.
used. to quash the support given specifically to Mr. Hickling.
'AS a. concrete instance, I am a shareholder in both the Exploration Company and the Yangtse Finance Corporation yet, though I may wish to support and! can. support Mr. Hickling with the votes T have by virtue of my holding in the former, the fractional interest which 1 have in that Company through my Yang-wares may be utilised to defeat him.
But then, like Shanghai Shareholders, 1 am A. Poor Fist Shanghai, May 29, "Healthy Position"
To the Editor of the "Nonru-Cinwa Dany News!
Sin~-It_ is somewhat dim cult te understand why Mr. N. W. Hickling resorts to advertising in his desize to secure a seat on the Board of the Company to which he refers in your issue of May 29.
Shareholders, as a rule, are capable of forming their own opinion with regard to the election of Directors—and with all due respect 10 Mr. Hickling, shareholders should not be unmindful of the fact, that Mr. Hickling is a member of the Shanghai Stock Exchange, and it becomes fan undisputable fact that in this dual position as a Broker and Director, places him at an advantage (we have all trad "advice" given us by our respective brokers), T only received' a copy of the Balance Sheet after having ecad Mr. Hickling's letter, and after perusal, came to the conclusion that the Com: tion. any Is In a healthy fnanciat pos Aso a Suanewotoen. Shanghai, May 31.
Text read from the printed page and cleaned; old type leaves the occasional error.