Under date of September 29, 1938 stockholders were advised of an agreement between the Corporation and two committees acting for holders of bonds of Postal Telegraph and Cable Corporation holders of a majority of thi of stock of the Corporation and a special meeting of stockholders was called for the purpose of taking action with respect to the agreement. On November 22, 1938 the special meeting was adjourned with the understanding that in due time stockholders would receive further advice as to the date and time of an adjourned meeting to take action upon the agreement.
The number of shares of capital stock outstanding at September 30, 1938, remained the same as at December 31, 1937, namely 9.002.
Text read from the printed page and cleaned; old type leaves the occasional error.