To the Editor of the Norrw-Cuiwa Darcy News!
Sin—Much has been said in your newspaper about the prospects 100 per cent. dividend to depositors, but nothing about the affected shareholders. Does this imply'a nil return to shareholders?
During the winter months 1 and some of my friends were approached by the American-Oriental Finance Corporation purchase A.O.B.C. 9er shares which were held by the A.F.C. Before agreeing thereto, T enquired the reasons of the A.O.F.C. for wishing to dispose of such ap. parently desirable securities, and was assured that the only reason was that the Directors had considered it bad policy to hold too many shares in their associated concerns and, were therefore, reluctantly permitting the public to participate in those Securities. At the same time we informed. that whereas were being sold AOPC. would guarantee a resale value of $20.00 and that the liquidation value was $26.00. Do the A.O.F.C. Intend to stand by their assurances?
Far be it from me to question the public-spiritedness of the Directors of the Raven group, for are they not all, all honourable men, but perhaps Mr. Raven or Mr. Sandor or Mr. Kleftel might care to say a few! words to alleviate the worries of the shareholders.
Shanghai, May 29,
Text read from the printed page and cleaned; old type leaves the occasional error.