Counsel read an affidavit by Mr. Arthur Dallas, a director of Messrs. Atkinson & Dallas, Ld., in which he stated that the Yangtsze Land Ca., was a private company registered under the Hongkong Or-dinarices and having its registered offices at 26 Peking Road. At the date of liquidation the only shareholders in the company were Messrs. Atkinson & Dallas Ld., Mr. R. M. Saker and Mr. A. Dallas. By @ special resolution passed on November 22 and. confirmed on December 9, 1920, it was resolved that the Yangtsze Land Ca. should be wound up voluntarily. The liquidation proceeded and the property of the company, consisting of certain land in Chinkiang, was sold, and, there being no creditors, the proceeds, after payment of expenses, were divided amongst the shareholders. By the beginning of December, 1921, the affairs of the company were fully wound up and the manner in which the liquidation had been conducted was duly approved a meeting held on December 31. It was not, however, possible to file the final account and call a formal meeting in pursuance of Clause 188 of the Companies Ordinance 1911, for the following reasons: owing to an error or misunderstanding on the part of the manager of Messrs. Atkinson & Dallas Ld. in Hankow certain trust properties in Hankow were registered in the name of the Yangtsze Land Ca., Ld., instead of in the name of Atkinson & Dallas Ld. who were holding these properties as trustees. Considerable difficulty had been met in transferring one of these properties, which was in the French Concession, to Atkinson & Dallas Ld., owing to a new French regulation in Hankow, respecting the holding of land by foreigners in trust. It was only on the 4th instant that a telegram was received from Hankow stating that the transfer of this lot had now been completed. The Yangtsze Land Ca., Ld., could therefore now be dissolved. Owing to the fact that to all intents and purposes the liquidation had been concluded in 1921, the necessity for sending to the Registrar statements of receipts and payments at the end of the first year and each subsequent half year escaped the attention of the liquidators, and the omission to send such statements was entirely due to inadvertence.
In these circumstances, Mr. Reader Harris asked for his' Lordship's clemency in allowing 14 days for the filing of the necessary statements and final account.
Mr. H. P. Wilkinson, for the Registrar of (Companies, said there appeared to be a good deal to be said for the delay which had taken place, but if applicants had consulted a lawyer this application would not have been necessary. The Registrar did not wish to be severe, but he had point out that this was one of 20 such cases in which companies in
Text read from the printed page and cleaned; old type leaves the occasional error.