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GRACIELA00
COPY.
(To accompany Enclosure 4.)
27
Peking, 2 December 1915.
1
The Registrar of Companies, Hongkong.
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Sir,
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LOBOD JOUR
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I am a shareholder owing 200 shares of a par value of Tls. 100 each in the "Yangtze Wharf and Godown Company*, a Company registered in Hongkong but carrying on its business entirely in Shan- -ghai.
It is understood that the shares of the Company are pro- -bably to the extent of a voting control in the hands of the Germans either as their own property or as representing Chinese capitalists.
I purchased my shares in 1908, and in 1909 and in 1910 received an annual dividend of Tls. 300, in 1911 I received Tls. 160, and in 1912, Tls. 80. No dividend was paid in 1913 or 1915, and only Tls. 160 in 1914. I quote these figures to justify my opinion that the company's business has been so badly managed that a change of directors, whether in the interest of the shareholders or other people is being for some time systematically engineered.
So much as an introduction to the business of this letter
Enclosed I send you a copy of a letter from the General Mnagers, Messrs. Carlowitz & Co., & German firm in Shanghai, addressed to me as a shareholder.
You will see, without my saying more, what the German Directors proposes to do with this Company, and from my reply to it of which I also send you a copy
how the same seems to me seriously
-
I may even say illegally in the present state of our law, to prejudice the interests of British shareholders in a British Company.
You will see that I protest against the whole proceeding
and I may way I have already lodged a verbal protest (and allowed a copy
h
of the agent's letter to be left in the Cancery) at His Majesty's Legation. I have reason to think it will take such action as may seen
possible in the matter.
I am laying the matter before you that you may know of
this