Secmndng in rxsluon Sie Rabe cen Sige Se, sat ec cetvatinn thie Bah Satine Sica See No Right To Fly British Flag There, were two British members of our staff resident at the mill fo December 21. About that time, the local Japanese Military Oficer informed us that he had ascertained that the mill was formerly Chinese property, and that we had no right {fo fly the British flag, He ordered the withdrawal of our staff from the nil, otherwise he would have them terested. We pointed out that for many years there have been import ut foreign interests in the mill, that, for example, the Iand was British: owned, that Various foreign firms had upplid machinery on deferred {erms, and had installed plant to supply the mills with power and seam, We showed him our machinery contracts, our British title dead: and our certificate of incorporation. His reply was, that the mill had be" fold after the outbreak of hostilities, and the Japanese could not recognise any soles after that time. Our arguments wore unavailing, and we had to withdraw our men, or run the risk of an "incident."' The British flag was taken down, and the Japan-tse flog put up in its.place, Early in April, the Toyoda mill sent representatives to reside at our mill. 'They also posted a notice to the fleet that they had been granted permission by the Japanese Military Authorities to operate the mill, We wrote to them on two' occasions, Pointing out that they were trespass ing on Sritish property, but no reply was received. They appear to be proceeding with their plans to operate the mills, in spite of our protests.
The situation is s0 serious that your directors feel it Is essential to hold this extraordinary meeting, in order that each shareholder may know that his interests are most seriously jeopardized. Up to the end of December, We enjoyed free access for our foreign employees, and limited access for cur Chinese employees, Now, however, nobody is permitted to cross the Crook, as the area Is said to be a Mricfly guarded military zone.
There appears to be no valid reason why the mill should not be operated, Our workers could be ferried across the Creek in a few minutes without any possible interference with Japan-military movements, Had we been permitted to work. the mill within the last few months, it would have been possible to realize good profits, as the market for our products has been exceptionally favourable, The Resolution Your directors are of the opinion that the only way to obtain redress 's to give the matter wide publicity. The Japanese contention that they do recognize our purchase of these nills is equivalent to an embargo on all business transactions. If Third Power parties are prepared to accept Such an edict, it means that no business transactions with Chinese fan be carried out without the con-Sent of the Japanese.
Th order that the views of our shareholders in this matter may be made known to the Japanese authorities, as well as to our own thorites, Twill now propose the fol-
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Text read from the printed page and cleaned; old type leaves the occasional error.