Touching on the banking business n Japan, the Chairman said that recent regulations issued there seemed designed to restrict or to drive out {foreign banks, In the same manner fas in Manchoukuo, 'The position awaits further clarlfication, Mr, Paterson said, In the mean time, we have notified the British Authorities, as their intervention seems the' only action now possible.
Referring to the Colony's finance, Paterson' Stated that he was satisfied that the new budget had been kept down to reasonable proportions, considering the defence expenditure, but he recommended that the watch word be economy, due to Hongkong being most susceptible to outside infuence-—Reuter, $f. £600 tothe Voluntary War. ons Fund ye approved and confirmed, Proposed by Mr. Li Ming and secon Jed by. Me, 'Perey' Tiley. That, Mesers, Tumer, Sturrock & Brown, chartered Accountants, be re-elected. ne the com= Dony's auditors forthe current year, Extraordinary Meeting Final Dividend Shanghai, Mar. 1.
At a meeting of the board of Jdirectors of the New China Textile Company Ltd, it was decided to pay 8 final dividend of $0,25 per share, An Extraordinary General Meeting Jot Shareholders was held immediately following the Eighth Ordinary General Meeting, for the purpose of considering and, if thought fit, making certain minor - changes Inthe articles of association of the company, details of which were given in the Jnotice to shareholders of the said meeting, under date February 6, tine tne comensrata with eon of tie serie The flowin sch rslaton tne Pu oe ceting at was seconded by he Li Ming, That the:
Tropsot yy G3, Monger and SSP Pine Sioa SHS a APTS hot Transfer Fees After the notice convening the meeting had been read by the jseeretary, the chairman explained that the' articles of association pro: vided for a fee of $1,00 for effecting the transfer of shares, and added that in view of the increased cost of stationery, and of maintaining the share transfer department generally, this charge was now considered to be inadequate, The chairman added that "there was mo intention to penalize shareholders, and that the special resolution maw proposed would merely permit the board of directors to fix the transfer fee from Rate word Seri, ELS ata!
Tat rit ceed Eat de eats la oot sah een ale
Text read from the printed page and cleaned; old type leaves the occasional error.