Since last week's hearing in the United States Court for Chi in connection with the reorganization of the Asia Realty Ca., Fed. Inc. U.S.A., following the sale of the assets of the F. P, Bills and George Bourne, Mr. George Sellett, Trustee of the estate of the company filled a motion pursuant to the con-Sent of the buyers, whereby. the suspension of the three year period, contained in provision 3 of the reorganization plan, is deleted.
Provision 3, reads as follows:
Imibediately upon confirmation of th PED Ro ced POS rueres in arrears on Debentures will be paid. The, out-Standing Debentures amount to $5,955, Sato. ime Pobenture Trust Deeds pro vide that the company shall put up additional security in the event that the ti stea for holders fois aggregate value of the security held b below a certain amount. The Plan suspends this provision ar the rus Deeds Bors paride Of Tarse gears Provided however, that during said period the company shall make semi-annual in: Cie a et Soe Judge Milton J. Helmick heard the case and Mr. N, F. Allman represented a group of objectors to the previously submitted plan, from among the debenture holders and preferred share holders, Yesterday's hearing, which lasted almost the whole day, was taken up mostly by evidence given by Mr. George Sellett and Mr. W. A. Adams, on the company's assets, The hearing was then adjourned until January 22, when Judge Helmick will settle all matters submitted until then.
Text read from the printed page and cleaned; old type leaves the occasional error.