I
MONDAY, SEPTEMBER 10 1917.
1
THE CHINA MAIL.
A PATRIOTIC CALL.
THE HONGKONG STEEL FOUNDRY COMPANY, LIMITED.
PROSPECTUS
Inviting public subscription for 85,000 shares at par ($10 each), upon an increase of the Capital of the Company.
Tis desired and a resolution for that purpose has been passed,
to increase the Capital of the Company to $1,000,000 by the issue of new share, for the purposes of extending the business which is Broly believed will, if so extended. not only prove exceedingly prontable to all interested in the Company, but will also supply a want to local concerns.
The Capital of the Company is bow $1,000,000 of which only $18,080 has been paid up and, on this the Company last year made s nat profit of $19,817 and paid a dividend of 10 per cent at the end of the present financial year. It is anticipated that doubling the Capital will at least treble the profit; and, should this anticipation be realized, the Company could pay at least a steady Twenty per cent.
Steel Castings are needed for numerous purposes by all Railway contracters, Engineering and Deck Companies, everywhere in China, and by many small manufacturers. At present a large portion of the Steel products which this Company is able to manufacture is obtained from abroad-at probably great expanse in consequence of the rary limited capacity of this Company to carry out orders received. With. an increased Capital, enabling more furnaces to be erected, and more labour employed, this Company would then be in a position to supply most of, if not all, be needs for steel coatings in this part of the world: far, with the experience now acquired by the General Managers, and by their present bead workmen, there should be no difficulty whatso ever in most satisfactorily fulfiling such requirements.
It is much desired that entEcient additional capital be subscribed, beyond that which is required for the further development of the Steel Casting department, in order to enable a plant to be obtained, and set up, for the purpose of folling Steel lagota inte material for Engineer. ing, Deck, and Building requirements for which material there is now
great demand.
It is therefore trusted that many persons in the Colony will be found ready to subscribe towards the increased capital desired, both for their own neña, and for that of the community gezerally
"The General Managers are ready and willing to enter into any reasonable agreement desired by the Company 10 continue their services for a lengthy period. Also, if desired by the Company, they are fully prepared to transfer the control to a Board of Directors, comprised of such persons who are in a position to introduce business, as the Company thinks novisable.
The minimum subscription for the new shares now offered to the public, upen which the General Managers may proceed to allotment; is $200,000.
MR. C. BERNARD Bnows of the firm of Meters. INSTEAD & DAVIS, Hongkong, is the Anditor of the Company.
A copy of this prospectus has been duly filed for fegistration with the Registrar of Companies.
:
Application for Shares should be made to the Company's Bonkers,
or the office of the General Managers, where forms will be supplied.
1
GORDON & CO.,
General Managers. Dated this 22nd day of August, 1917.
REPORT AND STATEMENT OF ACCOUNTS FOR 1916-17.
Rsport presented to the Shareholders at the Seventh Ordinary General Meeting held at the Office of the General Managers, on Wednesday, the 9th August, 1917 at 11.30 o'clock am..
The General Managers have now the pleasure to submit their annual report and statement of the Company's secounts made up 31st May, 1917.
The pet pront for the year caced alat May, 1917, after allowing for interest, Auditor's Fees and writing of depreciation or Company's Plant, Machinery, Launches and Stock is $19,817.23. This amount together with the sum of $19,648,63 undistributed profit brought forward from last year makes an available balance of $39,388.55 which it is resolved to appropriate as follows-To place to Berdfve Fund $10,000.00. To pay a dividend of $1.00 per share $7.808.00. To carry forward to credit of next year's account 391,558.55.
Dr
** Isated 7.90% shares at 310 sach
BALANCE SHEET AT 31st MAY, 1917,
MORTGAGE ACCOUNT Mbowe AKAN) TER
.
Machinery, Melting FarmROBA,
•
Foundry Plant and Trods including Annealing
and Predeating Chambers and Also all rights to secret progasson as per läst Lone told, c...
Lens Depreciation ...........
IRABILITIES,
SHARE CAPITAL
Author!mert 100,000ʻsharer at $10 each.........$1,000,0
78,090
<
SUNDRY CREDITORS Jucilag Ganeral Managers Profit and Loss Accover.
"$,0001 03 20.7537
3115
$3,040.87
Balancu se por last account360.548.82 Troft for the war....
$77,430.15
19:517.03
13,368 15
Adititions dunng the year.
Tale of Launches as per last account.. ■ 4,51,00 Lam Depreciation......
450.00
4,050
Office Furniture pad Axtures including
vainable drawings as por inat accounts
110.00
Less Dupesciation
$1.00
Stock In trade
Lam Depreciatin
296.59
28, BEA
Work in ProgreN. -
1,1100
Accounts Receivable.......
15.87
Cash at Bank sad in hand
1:Cunb 187,36)
7,499
143,3%
To Interest Account ...
هوا
PROFIT AND LOSS ACCOUNT. For the year ending 31st May, 1917.
By Balunen Working account
Depreciation on Macky, Plant, Stock &e. Welting of old Machinery Hom Proft on the year
35 T
10.417
2
GORDON & Co.,
General Managers.
st
01
81, 2
1 report that I have audited the above Balance Sheet with the becks and vouchers of the Company and have found it to be in accordance therewith.
I have received all the information and explanations I have required. No depreciation has been written off Rteel Process Patent Rights which appear in the books at their original cost namely 821,368.56. Subject to the foregoing observation in my opinion such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of my information and the explanations given me and as shown by the Cooks of the Company.
C. BERNARD BROWN, A.G.A.,
Hongkong, 6th August, 1917.
לו
Auditor.
To be returned to the applicant
To be retained by the Bankers
Tide formsboubt he sent matter, with a cheque for the def of Flough chate to the bankers of the Company namely tha
CHARTERED BANK OF INDIA,
AUSTRÁLIA
AND
CHINA.
The Register for application of Shares will be closed on Thursday, 1st November, 1917, at 8 o'clock.
HONGKONG STEEL FOUNDRY CO., LTD.
#Form of application for Shares.
To the General Managers of
HONGKONG STEEL FOUNDRY COMPANY, LIMITED. Gentlemen,
Having pail to the Company's barkers the sum of 8....
.shares of $10 feing a deposit of $10 per share, for..... each of the above named CompanyŢ (or we) request you to allet. to me (orus)....ahares on the terms of the Company's „Memorandum and Articles of Association and I (or wo) agree to accept the same or any less number that you may allot tà me (or us) and I (or we) authorise you to register me (orus) as the holder (4) of the said shares..
Name in full.
Address......
Dewription.
Date
Signature
Receipt for Application Money.
day of
Received this... Hongkong Steel Foundry Co., Ltd., from..
..the aim of 8...
$10 per share p00..... above named Company.
ant
on account of the
[being a deposit of .sbarca of each of the
of $10
For the Chartered Bank of. Ladia, Australia and Chist.
Cashier
N.BThis sucsipt when returned to the applicant must be preservad, accompanied by conrigt for the maseunt due-on üliorment, will be exchange
in dau cudně lát a Certineate.
(Continued from Page 5.).
THE WAR.
The Biga sector, the Russian State Bank and the "artillery headquarters. are being removed from Nijjuov- | gond..
TOLMINO ON
Podmenia
Granatco
Lan
KAISER AND RIGA.
THE LORD OF CREATION HAS
GRANTED OUR PRAYERS."
anale
Forama
Marte. Sla
though traje
Jerai.
Esgomil
SUNDAY'S TELEGRAMS.
(Beuter's Service to the China Mail)
THE GERMAN INVASION OF RUSSIA.
SPECULATIONS REGARDING" GERMAN INTENTIONS."
AMSTERDAM, Sept. 8. The Kaiser, in a boastful speech to the troops at Riga,, sald':
This town, founded on the old. German spirit, has again been liber. fated from oppression. Your success has been more rapid thun was ex- pected. The enemy has soxtained a Lösmus, Sept. 8. crushing blow. We will defend The intentions of the Germans on ourselves, nó inatter how long. the Riga front are still not clear. Such blows as Tign will basten the The fall of Freiderichstadt and victory. The Lord of Creation has Dvinsk is threatened by their ad-' | granted ́our prayers, giving us our vance, but though it is practically daily bread. Therefore onward, "with"
opposed, except for rearguards. Iron will. to victory!"
the fact that they are operating on
A small front, and the lateness of the season, auggest that the German do not contemplate the extensive perations involved in a march to Petrograd. They will probably he antisfied with the occupation off Livonia, and perhaps Estonia, and the establishment of buses on the const in order to relieve the pressure on the railways.
This believed that the Russians have long prepared, a line of defence. This may mark the limit of the German advance before the winter.
AEKOPLANES ATTACK RUSSIAN WARSHIPE.
J
SITUATION IN RIGA RÉGION
UNCHANGEN.
THE ITALIAN FRONT.
OVER 30,000 PRISONERS IN THE
OFFENSIVE. it
ROME Sept. 8.
An Italian official report states: North-eastward of Gorizia the enemy's lines of communication were subjected to an intense barrage fire.
We took prisoner during the actual offensive 30,671.
THE DESPERATION OF THE
...AUSTRIANS.
THE
Tiada
Specchische Schen
Comen
1
Broshowere
ESTE TRIESTE
"Patrol fighting is going on north-A DESPERATE FIGHT IN TRIPOLL. eastward of St. Julien.
The enemy heavily shelled Langemack last evening
AERIAL COMMAND..
- LONDON, Sept. 8. The Daily Chronicle urges that General Smuts be given supreme aerial com mand.
AFFAIRS IN RUSSIA
APPEAL FOR NATIONAL UNITY
AND ACTION. *
ITALIANS HEAVILY DEFEAT ·!
TRIBESMEN.
Rox, Sept. 8.
An Italian column near Agilah.....in Tripoli, moved against 5,000 rebel tribesmen with fire guns directed by a Turkish officer.
A desperate fight ended in the defeat of the tribesmen who left a thousand dead on the field, two guns, numerous į rifies and munitions.
The Italians are pursuing them.
GENERAL LUDENDORY'S TRAIN IN COLLISION.
GENERAL AND STAFF "SLIGHTLY INJURED.”
AMSTERDAM, Sept.18.,.
PETROGRAD, Sept. 8. The newspapers of all shades of opinion appeal for national unity and action in order to save the country.
A Berlin telegram discloses that a The Presa confrm that the Govern: train by which General von Ludendorf ment has decided to create a special was travelling at the end of August civil actrainistration in Petrograd to collided with a munitions train. The maintain order, and prevent the arrival former was amashed and overturned. of refugees from districts threatened by General Ludendorf and his Stad were the enemy.
PROTECTION OF PETROGRAD.
PETROGRAD, Sept. 8.
[There has been no official annouza- ment that the Italians. had captured 3dnt Nari Gabrielle, but it was reported a few days ago cf the strength of A Daily Mail dispatch and subsequently
The Conférence for the Protection of confirmed by Renter." The mountain Petrograd, presided over by the Minis which is 2,000t. high was described aster of Posts and Telegraphs, resolved to veritable Gibraltar protecting the prohibit the entry of unauthorised per eneray's right. It will be seen on the soud and refugees. It was also resolved nap situated N.E. of Gorizia. Hermada to prohibit similarly their admission to
Moscow. is a mountain range near the coast.)
GERMANS REPORT A BIG PROBABLE EXPULSION OF RUSSIAN
FRENCH ATTACK.
LONDON, Sept. B."
GRAND DURES.
slightly injured by splinters.
THE FRENCH CABINET CRISIS..
"THE REASON.
PARIS, Sept. 8 The Cabinet crisis was due to the Almereyda revelations mentioned on the hins, which resulted in the regre tion of the Minister of the Interior, who was accused of laxity in his administration and with facilitating German propaganda.
KING
EIGHT CYLINDER AUTOMOBILES
In service the world over. Tested, by every climate and over all kinds of roads Built by long established Company. Chuasis recently adopted by United States Army and Marine Corps for armoured ears. Powerful durabia. "economical. "Four" luxurions/bolly models
4-Passenger Touring Car M
Fassenger Foursome, 7-Passenger Sedan
3Passenger Roadster
EXCLUSIVE REPRESENTATIVES IS CHIKA:
SREELL & DOUGLASS, Inc., Shanghai. KING MOTOR CAR COMPANY
Export Department
on Union Square -
NEWS FROM AUSTRALIA.
New York, USA.
DIRECTOR OF CHINESE COULIES
"IN FRANCE,
The Journal des Débala says that the STRIVING TO STEM THE
country is complaining of the indecision ITALIANS. Y
of Ministerade p
urided An important group of UDINT, Sep. & The concentrated efforts of Austria's-
PETROGRAD, Sept. &posal not to participate in the next Socialists last evening rejected a pro- foremont Generala-Hoctzendorf, Koe
A German official report says
Probably many notables balonging to Cabinet, and resolved upon giving the NEW WAR LOAN BILL PASSED. wese and Boroevig—are striving to stem
The French attack between the old régime at present in the fortress whole-hearted support to the Govern the Italians whose positions are being Sarogneus and Beaumont-Vaucher of St. Peter and St. Paul will be expelled ment in the national defence, with a A Russian official report statesybombarded, most violently from Castag. Anvill Road, on a front of twenty from Russia, also the Grand Dukes view to a vigorous prosecution of the The Commonwealth Parliament has pointed Director of Chinese roolimi The situation in the Riga regio pavizz to the const, while successive miles, was repulsed with heavy Michael, Past and Alexandrovitch. unchanged.
columns of fresh Austrians have launch-lowses.GADATA
stadt:
''
LONDON, Sept. 8
Enemy aeroplanes, bombed Jacubed attacks, regardless of losses, especial Fresh fighting has developed this Five enemy aeroplanes unsuccess threaten the northern slopes of
Fly against Selo, where the Italiane morning." fully attacked our torpedo-bout Hermadi. patrols in the Gulf of Riga.
*
GERMAN REPORT.
A German official report says Our cavalry are fighting on a line westward of Wenden to Kenbeidenhof, where the enemy are hastily entrenching, The enemy have evacuated positions westward of Kokerhusen.y thes
The guns captured on the Riga. bafileheld number 316..
PRECAUTIONART MEASURES.
AUSTRIANS CLAIM IMPORTANT SUCCESSES.
AT MONTE SAN GABRIELIE AND HERMADA
Dox, Sept, B
Am Austrian offical repers claín that the Austrias have pressed back the Italians from Monte Ba Gabrielle infecting heavy-lcesed Also that the Austrians have reco In view of the possiblity of the ed round lost in the Herm German InvanON.
PETROGRAD Sept 8.
ing beyond sector and captured 5,460 prison:
RECIPROCAL ARTILLERY
FIGHTING.
Parts Rept B.
war and the protection of the interests of the workers.
-THE BALKANE CAMPAIGN.
DESTRUCTIVE BRITISH FIRE
WAR ENTHUSIJEM IN GREECER
ATILNE Sept 8
provinces state Telegrams from the p that there is an enthusiastic response * PARIS, Sept.. By to the call to the 1916 and 1817 clausen A communiqué sister There wa
An Eastern communique states-On: The recruits are clamounny for war rociprocal astillery activity at various points, particularly east of Vazhaillon, the 6th inst., the artillery struggle was Fin" the Champsers, gununtain / region,
and on both banks of the Meuse
STRABOUGL
I-Marshals?
some
violent in the region of Vardar, A DEATH SENTENCE COMMUTED. especially on the left bank, where the engi British artillery continued a destructive
The enemy twi
ed the Parish
attack
The
31ELBOURNE, Sept. 8.
repealed the Daylight Saving BL
The Representatives have passed the War Loan Bill mentioned in yesterday'a cable
The Bill is for £80,000, of which, ein,no,no, will be floated in Australia Immediately, at 41 per cent, free of income tax and of ten years currency.]
AMERICAN PROHIBITION OF COIN
#AND BULLION EXPORTS
LONDON, Sept. 8 MET. Backhouse has been ap
France,
GERMAN GOVERNOR OF MAL
Á MÁTZELA!
A Berlin General von," pointed Governor
BRITISH NAVAL, MISSTONKAS
A VISIT GREECE:
areľbaó ky nách schysříbar wili ba saterust withast í