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い
31
violbladus
,188qqweth
ma to the Shanghai Cotton Manufacturing Co. Ltd.,
hitherto unler non-3ritish control, the proceedings in Naik,
Jupreme Court, refezzed to in my desputoh to you sail of 16th
urch last, have teminated by a Julgment of the Court in
favour of the -linti?" 3ritish ahareholders in the Company",
and the Company is now in course of voluntary liquid.tion,
whereby the intereste of the dritish wiszehozday ɛ will be pro-
teated and the interests of the Japanese ahureholders given
their due weight, and no more,
wortuшtely the "China" Companies affected by the new
Order in Comeil (with the stoeption of a few compuies na
to which there were reasons for allowing a reasonable delay to
comply therewith) had alzendy taken steps to ta-nafer their
management into British hands, or liquidate, before the iden
that there might be an amending Order providing for liomoen
allowing a continuance of non Jritish control/ got abɛowl; wa
I have heard of no duse of real hardship or dinge to legitime-te
interests being done the ze by. Jnd there been a prouşaat
of evading the now Order in Gowil, muy companies then unde♫
non-British control would, I am sure, have made out apparently
good cases for exmaști on.
The China Luport and Bxport Zunder Co, Ltil. would
have said, with mach truth, that their then General Manager,
Mr. C.L, Suits, as one of few men who knew the lubes trɑde
of the suoi le count of misrige, whence the Compwly get their
lumber, was absolutely inlispensable; and that if he ceased to be Anuger the business of the Compuy ma the interests of ita
British shareholders would serjowly stizer. The management
of this Company, and that of may othare, lua however, been duly transferred to Heuata. «mhold Frothers & Co. Limited.
The Shanghai Lize Invaraine Compuy imite, the Compụny which for sritiah prestige, it ia most essential to
have removed Ixom the Jritiah register, would, 12 e.anytion