An application for the reduction of the capital of the Imperial Hotels, Lid. from 150,000 shares of Tis, 50 each to the same number of shares of $50 each w granted by Judge P. Grant Jones in HM, Supreme Court yesterday, and the minutes of the extraordinary meeting of shareholders at which the resolution was made sanctioning the reduction of capital were approved, Mr. J, E. Badeley appeared for Imperial Hotels, the petition being unopposed.
Mr, Badeley pointed out that the petitioners were a China company, carrying on business in Ti The petition had been before the Sourt some time ago, when it was adjourned, No opposition had been forthcoming at the previous hearing.
This was a petition, continued Mr, Badeley, which did not affect the interests of any creditors, and no creditor could have a claim against any of the capital which it was sought to write off the com-yarly's books. In some similar petitions, there was opposition from shareholders on the grounds that "hey had been unfairly treated, but in this case there was no such
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