London, May 8:~
Financial reorganization of the Pekin Syndicate Ltd, a holding company with interest in various mines and railways in Chin tnouneed here: yesterday morning.
Financial circles believe that a meeting between the managing direc for, Brig.-Gen, Charles. Wood-raffe, a visiting Chinese Minister of Finance, Dr. H. H. Kung, had important bearing on the announcement. The announcement! declares that the reorganization of the company's business was brought about through the cordial ¢o-oper tion of the Chinese.
Mining conditions in China are satisfactory, at present, the elreular reports. "Under these _circum~ stances, and although the situation in China, particularly in the neighbourhood of the company's mines Honan, is far from being quiet, the directors believe the time has fo reduce the company's caplthe absence of international aiMeulties in the Far East and on condition the present political condi tions prevail in China, the reduction of the Pekin Syndicate's capital will permit the' company to declare dividends in the near future—Havas. oon, 24, 1037 pr, 34, 1988
Text read from the printed page and cleaned; old type leaves the occasional error.