Shareholders of Klebang at ud Chemor Estates Support Special Resolutions TPE Chemor United Rubber Company, Ltd., and the Shanghai Klebang Rubber Estate, Ltd., will both go into voluntary liquidation, and be amalgamated, by virtue of special resolutions parsed by shareholders of the two companies at extraordinary meetings held on July 13 at 93 Canton Road. There were no dissentients at the meeting of the Klebang Rubber Estate, but one shareholder, Mr, A, Poskitt, opposed the amalgamation at the Chemor company meeting. Mr. A. J. Welch in the chair at both meetings, directors at the Chemor meeting being Messrs. H. Kadoorie and L, E. Canning, and at the Klebang Estate meeting Messrs. H. Kadoorie and' A. Gray, Shares represented were 257,100 and 31,703 respectively.
his speech at the Chemor meetsible of the combined export ing Me Welch said Jauotas from Its own two. properties Jaided by. the portion of "Shanghai mis meeting os been caled, for the" purposs: of HKlebang Estate that may not at the {ime have been replanted, fonuidering abd it thought Int, of pansion 0 resolution authorising your T say gradual replanting advisedly since it Is not proposed to replan: Pemritto take whaleyer" lege, reay the whole of Shanghai Klebang necessary to effect ap Estate in one fell swoop but to tine tie Shanghai Klebang Rub Jarrange the planting" programme ber Bolae, Limited "willy however preface my re-that it wilt result in' the smallest rants By taying teat your drgeton possible loss of output' during the Wiis appreciating the: benefits that process.
Good Insurance Wilt noeree to thie company "from uch t fusion, donot wie fo inautnce When the replanting of Shanghai Sear jadgnthe I riy way aal cos {iclebang Estate has been completed, quai' Twill put before you the the first area replanted will. Savantages of the scheme, fr they Jeoming into bearing and It will then Sppect 1 uy and' then leave 3oU 13 be the moment to commence with make" your" own Geciaion ite ithe replanting of the two Chemor matter, properties. So that when T gay that In this connection it may interest the proposed scheme means good in-you to know that in reply to the surance: for Chemor shareholders "I Questionnaire that we sent out with mean that they will be able to call the circular we have received jupon the output from nearly 400 answers from shareholders holding a eres of good young rubber just at a total of 98,284 shares, time when their own old areas will probably be giving diminishing yields, Majority In Favour The third advantage Is only a very Of these the vast majority are in minor one, but T will mention it in favour of the proposition; the respec passing, itis that it wilt be possible to tive Agures being 61 shareholders effect "some small but nevertheless holding 83,824 shares in favour and 8 useful economies in the running of shareholders holding 14,460 the three estates, or" one company whichever way you like to look at it. against, Such being the case your board feet In conclusion, gentlemen, will that they must east their votes as in-repeat that, whilst your board do not dicated by the majority of the sha desire to urge you in any way to holders who have taken the trouble Agree to the proposal_now before to reply but Mr, Kadoorie 'yOu they do recommend you to do me ti th 40 since they feel assured after long plete agrees and, careful study of the position and bers. of the from Information gathered from desirability of the amalgamation, he sources not available to the average prefers not to vote either way on the shareholder that inthe Tong run. resolution, will prove to be to your best in-Firstly, I must endeavour to dispel terests if, the proposed fusion "erroneous impression 1 brought: about. some shareholders seem to have The Resolution wethered from the wording the "Inst paragraph but two on The, reauien, propend by.
three of the elveular that w A wae a alee Sent to you on June 21," 1937, the Giay, ced a follows words in question are "and it will seth" PRE tarts Ere Tak the, convey, and he power enable Shanghai Klebang Shi holders to receive a dividend which
Text read from the printed page and cleaned; old type leaves the occasional error.