Acting upon your instructions, we'have-now surveyed all the: machinery in the above Company's factory at Haichow Road, Shanghai. This machinery cómprises paper making plant, box making plant, boilers, deep 'AL panies, water-tower, ete. We/have: not/included any construction work other than actual machinery.
We assess the value of this machinery to be not less than U.8:$300,000.00 (U.S. Dollars three hundred thousand only.) Yours faithfully,
PARKER RIDLEY & CE.
It'will be seen from these reports: that the estimated present values of the land buildings and' machinery are cósideimbly: in-exoées 6f the book values. by the Com-of this issue $6,556,250 for pre-dien to the Uitte when ibs GR to cóititnenee business and the estimated amount thereof, exclusive of the under-The Cofipany will páy the preliminary expenses of'and fnicident to the formation and floating of the Company writing cómrhídsion abovefinentined is EN. $20,000. the Company, pen the Diseators Raised all Bo determina by the Company in General Meeting.
The Articles of Association provide, that the' qtiplification of a díréctor is.to: be the'holding of 1,000 shares in
"Thay further provide fiat not-more than 10% of the.profits are to be placed to-reserve and or curry forward.
"Meters. 'Bénjainin'& Potts will pay ithe customary brokerage of 5 cents per share on applications received through member brokers of the Shanghai Stock Exehatige.
meaane lied io. Applications mast be in mulapis of Shasta B king Caspa ition, T2 The Burid, Shanghai, together with the full amount required for payment for Applications for shires should be made on the form accompanying this prospectus, and sent to The Hongkong shares and no application for loss than 500 shares will be accepted.
-Forms-of-applieation can be obtained tròm Mesers, Benjamin & Potts or from any other member of the Stock Exchange. noallotment be made the amount psid: on application wilt- be returned in full, and if a partial allotment be made the balatice of the amount. paid will be returned to the applicant.
The following-material contracts have been made A Contract: between George Ernest Marden and Ellis gel And abes for the purchase of P070 shares of the China lore Container Con d no, U.S.A, Hayim, the and Dr, A. Helen on be-
contained in correspondence dated 24th and 26th February, and @ sales contract dated the Ist March, 1941.
2. Contyact-between George Ernest Marden & Ellis Hayim, the Promoters, and Wheelock & Ca., Ltd., behalf of: the Contipéiny, fordhe purchase of 2,075 shares of the China Fibre Container, Ca., Fed. Me., U.S: A., dated the "Si March, 1941.
3.—Underwriting Contract' between the Promoters, on behalf of the Company, and Messrs. Benjamin Potts, dated the Ist March, 1941. for the latter company to act as the Company's Secretaries, is to he een it has Woon denied.
addition the Artigles provide that.a Contract between the Company and Wheajogk &Co., Ltd., providing
The balance sheets öf Chiifia Fibre Container, Ca., Fód, Jue., U, R; A.-forthe yéézs 1039-ánd 1940, audited by Messrs. Henry S. de Vault & Ca., their letter of March 6, 1941, the reports.of Meats, Hanis Berents aid Messrs. Varker-Rielley-&-€o..-and copies of the Memorandum & Articles of Association ofthe: Company aid of thocontmiote: and the draft contract mentioned above may be inspected at the registered office of the Company and wt. the offices of the Company's Legal Adviser.
Prospectuses and Forms of Application may be from the Com-anys Bankers, Legal Adviser, Secretaries, or from
Text read from the printed page and cleaned; old type leaves the occasional error.