CO885-(11-12) — Page 96

TABLE OF CONTENTS.

Serial No., From or to Whom, Despatch No., &c., and Date,

Subject and Page No.

29

3rd November

Reviews situation to late and suggests that in view of grave financial position of the Company a conference with the Company's Board of Directors be held in

London

---

Transmita copies of a memorandum outlining a scheme for moratorium and reconstruction of the Com- pany's capital

Transmits addendum to memorandum transmitted in

No. 2

I

222

22

J

31

1930

1 The High Commissioner,

Confidential 11th September (Rec. 6th October)

2 The Perak River Hydro-

Electric Power Co., Ltd.

3 The Perak River Hydro-

Electric Power Co., Ltd.

17th November

4 To the Porak River Hydro- Electric Co., Ltd., Con- fidential

3rd December

MUELL

PECORD OFFICE

Reference -

C.O.882/12

ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-

PUBLIC RECORD OFFICE. LONDON,

COPYRIGHT PHOTOGRAPH-NOT TO

5 Messrs. Mayo, Elder, and Rutherfords, to the Perak

River Hydro Electric Power Co., Ltd... 11th December

6 Massrs. Peat, Marwick & Co., to the Perak River Hydro-Electric Co., Ltd.

11th December

7 To the Acting High Com- missioner. Telegram No. 146. Confidential

12th December

Intimates that after discussion with the High Commis- sioner and the Treasury the Company's scheme is unacceptable and gives reasons why it is considered that a Receiver should now be appointed. A con- ference to consider any alternative proposals the Company may have, which do not depend upon assistance from public funds, could be arranged

Receiver is con-

States reasons why appointment of

sidered undesirable

4

Concurs in views expressed in No. 5 and, in the absence of temporary accommodation by the Treasury, sug- gests required finance be raised by Prior Lien issue or that a scheme on lines of draft submitted should be suggested to the debenture holders

...

Sets out present position of Company and proposals made for obtaining necessary finance by means of Prior Lien issue, the appointment of a Receiver having been opposed. States that borrowing powers would be under Treasury control and subject to stipulations specified. Inquires whether Finance Committee approve in principle

States, in reply to No. 7, that Finance Committee agree in principle to proposals subject to stipulations stated but urges that there should also be a local Advisory Board or preferably a local Board of Management

32

33

36

39

8 The Acting High Commis- sioner, Telegram. Confi- dential

17th December (Rec. 17th December)

40

9 To the High Commissioner. Confidential, Telegram. No. 157

30th December

Convoys the text of the modified scheme of financial arrangement for the Perak River Hydro-Electric Company

41

-

1931

Amplifies information given in No. 9 with regard to

issue of Prior Lien Debentures

42

43

43

10 To the High Commissioner,

Telegram No. 2. lat January

11 High Commissioner, Tele-

gram. Confidential 4th January (Rec. 4th January)

5th January

12 Treasury

13 To the Perak River Hydro-

Electric Power Co., Ltd.

5th January

States, in reply to No. 9, that modified scheme was agreed to by the Committee on 3rd January, but they lesire to repeat their opinion regarding need for stipulation referred to in No. 8

States conditions under which Their Lordships are prepared to concur in a scheme of arrangement with the Company's Debenture stockholders

Transmits for consideration a revised scheme to which the Federated Malay States Government and the Treasury are prepared to consent on certain condi tions, and inquires whether the Board are prepared to accept it

44

سم

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