opinion approving the plan for the reorganization of the China Realty Company, Federal Inc., U.S.A., was given by Judge M. J. Helmick after a hearing at the United States Court for China yesterday morning.
"An order naming Messrs. Carl F.\Wolsiffer, George Sellett, C. C. Stocker, M. Speelman and K. L. Chung directors of the company until the close ọf the fiscal year, December 31, is to be issued by the Court at an early date.
Mr. Wolsiffer, trustee of the estate of the China Realty Company, told the court that since the plan had been filed on April 17 of this year, the cash condition of the company had improved considerably, so that some of the dates set down in the plan as submitted to the court for the payment of mortgages and debentures could be set ahead. Mr. Wolsiffer also stated that he had fulfilled all conditions set forth by the court at the time the plan for reorganization was filed.
The charter of the company 1s amended so that the capital stock
Text read from the printed page and cleaned; old type leaves the occasional error.