It had been urged that the Yang-ise Corporation should be wound up, but there were difficulties about that, said Lt.-Col. Herbert Edwards, at annual meeting in London on Dee. 17, According to the "Financial Times." In the first place, the directors were not prepared to abandon hope that something could be done with their main asset—the agreement with the Government of Szechuan—and they intended to do everything they could to that end. But, if anything was to be done, it would not be possible if the company went into liquidation. He would not recommend liquidation unless they could find some other corporation to take over that asset end leave them just with their cash for distribution. In any case, he did not see what advantage the shareholders would gain, as it would only mean the return of a few pence per share.
Colonel Edwards said it seemed exceedingly hard, after they had made such definite. progress, after many years inability to do so, by getting an agreement approved by the Government of Szechuan, that they were now thrown back by events in China and had not the faintest idea of knowing when they would be able to renew those negotiations. That was why they were suggesting that they should try to do something to add to their resources. They might In& have an opportunity of participating with other corporations with which the directors were associated. He did not promise it, but one never knew. They had got to go very carefully, but, if an opportunity occurred, they proposed to try to do something. ce
Text read from the printed page and cleaned; old type leaves the occasional error.