The Hague, Ape. 27.
The International Tin Restriction Committee has decided to retain the quota for the second quarter of 1939 the present rate of 45 per cent. it was announced at today's meet of the Committee.
The next meeting of the Inters national Tin Restriction Committee Will be held in Paris on June 14.—
Reuter. twenty shares of the old common stock of the par value of Tls. 10.00 each.
Consequently the mew common stock issued will amount to approximately $12,250,000 of which amount about 98 per cent. will go to 8 per cent, Debenture Holders and Mrs. Hardoon, the remaining 2 per cent. going to the present stockholders of the company.
The Company as reorganized with start out with a. satisfactory cash position. While its mortgages and Obligations to 7 per cent, Debenture holders will amount to something more than $3,500,000, these mortgage obligations are adequately secured, fand-in addition the company will have unmortgaged real estate and other free assets of the approximate value of $8,000,000. it will be able to carry on operations at a profit.
The Trustee has sent a copy of the Plan of Reorganization to alli Debenture Holders, stockholders and Mrs Hardoon, and pursuant to the Order of the Court, the Trustee has also Supplied each of them with an acceptance form which can be signed and mailed {o the Trustee in acceptance of the Plan of Reorganization.
The case has been set for hearing in the United States Court for China ft Shanghai at 10 o'clock a.m., June 5, for approval and confirmation of the Plan by the Court."
Text read from the printed page and cleaned; old type leaves the occasional error.