Shanghai, Apr. 9.
***The election of Council members n fe ballot paper required to sign the ballot ever since elections were held under ihe Land Regulations, which provide for such a signature. Scrutineers and their assistants undertake to observe met prevents an; the mature oF taking notes as to
is completed voting papers are vass Past when de comt handed over to the Secretary of the Shanghai Municipal Council who destroys them as soon as is convenient. Until the papers are destroyed no one has access to them except the scru-
"NortH-Cuma Dany News"
Sm—In connection with the reorganization/of the Asia Realty Ca., although over a month has elapsed since payment on the basis of 40,749 per cent, was made to unsecured creditors, of which the American-Oriental Finance Corporation's share was approximately Ch.$44,000, not a word have we heard from the latter concern as to when it intends distributing a dividend to those unfortunate investors who put their money into so-called safe and guaranteed "fixed scrips." A statement from the liquidator will certainly be appreciated, In passing, an announcement from him as to the prospects of the Raven Trust Ca, doling out a dividend to its creditors will also be welcome.
Srunc.
Shanghai, Apr. 9.
Text read from the printed page and cleaned; old type leaves the occasional error.