147
of
The Company have no occasion
to increase their Capital; and the creation of
new shares, would seem not to be of the same benefit to the Company as the power of subdividing the existing
shares.
as a shareholder.
8. The evidence appeared to me to show that the proposed Ordinance was asked for in good faith, with a view
of increasing the stability and prosperity of the company, and not to enable shareholders to speculate with
their shares.
9. The effect of any change of this nature is necessarily uncertain, until it has been tested by Experience.
16.
I
am unable to admit that
the interests of Creditors
are in fact
prejudiced by this Ordinance, and
as the Governor decided the question
of necessity when he determined that the inability of the company to meet this difficulty in any other way short of dissolution and reconstruction, was a sufficient reason for the legislation proposed.
1. If this paragraph were accurate, it must mean that the Chinese will support this Company in preference
to other societies, formed for similar objects, a result that would obviously appear undesirable to the Directors of such societies; but I think it more likely that
147
of
The Compoms have no recasion
to increas their Capital; and the creation
new shares, would seem not to be of the sauce benefit to the Company as the power of subdividing the reisting
shares.
as a heldur.
8. The roidence affeared to we to Plow that the proposed Ordinance was asked for in good faith. of increasing the stabilit; and prosperity of the company, and not to ruable shareholders to speculate with
their shares.
9. The effect of any change of this rature is necessarily uncertain, until it has been tested bes Experience.
16.
I
Jam unsite to admit that
The
the interests of Creditons
are in fact
presudiced by this Ordinance, and
as the Governor decided the question
of necessity when be determined that the inability of the company totten this relect in any other way short of aussoletion and xconstruction, a infiicient reason for the legislation proposed.
1. If this paragraph were accurate, it must mean that the Chiese will Eupport Pics Company in preference "totter soucties, Cormed for similar objects, a result that would obviously affear undesirable to the Directors of such societies; but ? Stuck it more likely that
No comments yet.
Private notes are available after approval.