Show BOARD PREPARING FOR ASSETS RETURN t r Western Loan Building Committee to Meet In preparation for eventual return of the assets of the West em ern Loan Building company to the reorganized company a committee of the new directorate will meet Mon I day In San Francisco with A. A AI r Malla Malia Utah state bank commissioner t r and Friend FriendT W. W Richardson California building and loan commissioner The question of the write down of Western assets to make the company l solvent and form a basis for the trans I fer ot of old investment certificates for forthe the new nev A and First Recovery L of the reorganized company compan will be discussed t Under the California and Utah laws f the assets or of the Western cannot be returned to th the reorganized company until a showing is made to the state officials and supervising state courts that the company is solvent and that t earnings or of the reorganized company will be bc sufficient to pay the 4 per percent percent cent interest rate on the new A and First Recovery certificates The dIrectors will meet May 7 in I Salt Lake to determine officially the i write CommissIoner Malia will leave Saturday for San Francisco |