Realizing the favourable conditions in which the Tsingtao mills are placed and also the prosperous prospects. of industrial enterprise In the Tientsin crea in the near future, your board decided to extend our work in North China by installing new mills forthwith both in Tsingtao and Tientsin with a complement of 80.000 spindles 1.000 looms, and 40,000 spindles and 700 looms respectively. A piece of and measuring about 370 mow was recently procured In Tientsin ind building operations in these two! Places will be started as early as climatic conditions will permit.
In order to bring this new enterprise to fruition it is necessary, there fore, to solicit, shareholders' ce. operation "by furnishing " financial assistance (0 the company, and I now. wish to make it known that the board. Intends to make a call, in the near: future of the unpaid portion of the capital, that is, $25 each on 120,000; new shares already issued, aggregate Jing $3,000,000. Due notices. to shareholders of the new issue, will be sent beforehand, giving ample time,
Text read from the printed page and cleaned; old type leaves the occasional error.