Page
FRIDAY, APRIL 11, 1919.
'COMPANY MEETING.
CO., LIMITED.
change in the constitution of the Company.
This Company was established in BRITISH TRADERS' INSURANCE this Colony many years ago under
the name of tho China Tinders Insurance Company, Lantitel, and later its name was changed to the British Truders since Corn pany. Limited."
THE CHINA MAIL.
'onder to bring about the conto £2 each, as we are advised by our Torvion, it has been necessary to solicitors that the passing of extra- apps to the Hongkong Legislature ordinary resolutions is all that is for a special enactment, and an Ore necessary, and these cannot be pro- dimane intituled The British posed until the resolutions now be Traders Insurance Company, Lirait fore you are confirmed, as special ed (Capital Conversion) Ordinance resolutions... 1910 has been passed this morn. ing, and the conversion will become offereupon the confirmation of the resations which you are today being naked to pass.
The ancillary resolutions will be dealt with, therice, ab, the cou- fimatory meeting to be held on the
5th April.,
19
I do not think, resolutions Now. in the case of the Union In-1 and 2 need any further explana *surance Society of Canton, Limited, tion. Resolution No. 9 deals with your Directors consider it desirable alterations in our Articles of Associa fo increase the Authorised Capital of Bion which are necessary to enable las Company to £1,000,000, which to declare a bouts dividend out will compare more favourably with of our Reinsurance Fund and to set. it off agains a call which is to be its competitore in gold countries.
Upon the confirmation of the re-maale, in order to bring the paid-up solutions, each share of a nonnal vae of the new shares to £2 each.
After the next annual general vale of $80.52 will be automatically trustored into three shares and meeting your Directors will ressN- twofths of one bure of the houinal end declaring dividends in sterling The total numurency and the addition of Article. No. 107 (6) is to galise the payment
COMMERCIAL ITEM.
It was raining cats and dogs just after lunch. He strolled into a Euro- pean clothier's, and asked for a rain-
coat: "Yes. That's about what I want. A little beavy, perhaps, but no matter. How much?"
$63.
"O pshaw! I said I wanted a rain- coat. I didn't say I wanted six"
Then he went to a Chinese store- and bought an umbrella for a dollar
TO-DAY'S ADVERTISEMENTS.
An extraordinary general resting of this Company was held in the
In 1900, an minalgamation with office of the Company, Queen's Buildings, et evening. The Hon. the Union Insurance Society of Can 3. P. H. Holyoak was in the chair tou, Limitol, was effected, and the bro Compatibes we now under the and there were also prosent the Hon.sani, tagment akui enntmi,
Branch Offices have been opened Mr. S. H. Dodwell, Maasrs. W. Boss Thanson; A. 0. Tang, A. in Chinu. Japan, London, Struite Forbes, W, L. Fattender. J. Agents, Australian India, and, lately, su Chaadje, Now Zenhund Püsinner «(directors), Mr. C. Mon-and Buenos Aires.
UNION INSURANCE SOCIETY OF The Company's business, as will tague Ede (chief manager) l
CANTON, LIMITED. Mesen P. M. Helgson, H. P. Ja seen, is transacted to very large Hay, W.. Mansfield, D. B. Mur-extent in gold, and our constituents
NOTICE TO SHAREHOLDERS." ray, B. A. C. da Cunha, V. L. Be in the places are better able to Reads, A. E. S. Alves," J. Chud- satisfy themselves is to the security ner. V. 1. Ribeira, M. A, "R. de offered by the Company's policies it value of £5 each.
the Company's financial position is be of gold shares will be 1000,
TOTICE IS HEREBY GIVEN that
Souza
Society will be CLOSED from the 19th In proposing the special resdu-shown in the annual balance-sheet, sal at the meeting to be held on as a fixed rate of exchange shod it the TRANSFER BOOKS of the tions, he Hon. Mr. Holyoak said in poll, u surrandy which mon pres the 28th April you will be naked to be deemol desfulde.
world-wide,age to the issuing of. 14.400 addi- It is necessary to vote upon the April to the 15th April, both days
Ainclusive Centieren. Sometime, has psadperly represente
tictal shares on the terms set forth three resolutions separately, sine the tie 5 this meeting was operations.
This horning, similar resolutions in a notice that will be shortly given majority of thovelers of the advertised in the Press anhemming that certain resolutions would be those were passed by the shaft The Issued Capital will then consist shareholders prent is necessary to submitted and proposed at this meet holders of the Orta Tusu Soof 50,000 shares, and I ara author-pass them, but your Directors "feel ing to the effort thus the Company'sciety of Chaton, Limited, and it fed to state that the unissued cupi confident of your xulmons up- rapial be converted from silver to most desirable that these two com- tal represented by 104,000 shares port.
so will not be boueri ia part or waole 3. D. B. Muray secotaled the gold, and, before asking you to vote panics, whand operations are
rentians and they were carried upon the solutions, and hers, closely allied and under the same without your gunction.
It is necessary. at this juncture unanimously. which are today before you, I would management and, control, should like, with your permission to explain how their workings under the same to deal with the resolution bringing |the paid-up value of the new shares the reasons of your Directors for theurrenez.
TO-DAY'S NEW ADVERTISEMENT."
UNION INSURANCE SOCIETY OF CANTON, LIMITED.
N°
FOTICE IS HEREBY GIVEN that sa Extraordinary General Meeting of the Society will be held at the registered office of the Society, Queen's Building. Hongkong on FRIDAY, the 25th day of April 1810, at 12 o'clock anon, when the abjoined resolations which were passed at the Extraordinary General Meeting of the Society held on the 10th day of April, 1919, will be abuitted for con Grination as special resolutions:
S
1. That the nominal silver capital of the Society as existing when this resolution is confirmed as a special resolution be converted into sterling and that such capital so converted be increased beyond the sterling equivalent of such silver capital. when such conversina takes place to the sum of £2,000,000 Sterling divided into 500,000 shares of the nominal value of £10 each.
That each of the issued silver shares of the Society of the nominal value of $50 each with the sum of $100 paid up thereon be converted into five shares of the nominal value of £10 each with the sterling equivalent of 320 Engkook cur rency at the opening T. T. rate of exchange on the date resolution is confirmed as a special resolution croditel as paid up thereon and accordingly that 50,000 shares out of the 20,000 shares of the nominal value of, £10 each constituting the capital of the Society se converted and increased be distributed by the Board so the pstons who are registered as shareholders of the Society on the date this resolution is conarmed as a specis! resolution in exchange for the river shares then held by then?.
That the Articles of Association be altered in manner following, namely:-
By the insertion after article No. 107 of the following Article.
2
DE TO ITS
**107 (4). The Board pay employ the fands of the Society which Employment have boen estab ished pursuant to the provisions of Article 107 de or any of them or any portion thereof (and that whether such funds or such portion as is proposed to be dealt with wera set aside for the special purpose to which they are purpos to be applied or for any other purpose or not) in or any of the following purposes, that is, to say, in meeting contingencies, in equalizing dividends, in paying special dividends or bonuses, in repairing, improving and maintaining any of the property of the Society, or otherwise in the busi- ges of the Society, and in for such other purposes as the Board shall in its discretion think conducive to the interest of the Society and in regard to any such employment as afore." said the Board shall not be bound to keep such funds separato from the other assets"
By the insertion of the following Articles atter Article No. 168.
1986 (1). Any general meeting at which a dividend or boaus is Bonus may declared or sanctioned may make a call on the members set of
against can. such mount as the meeting Exes but so that the call on each member shall not exceed the dividend or bonus payable to him! And so that notwithstanding the provisions of Articles 19, 20 and 21 the call may be payable at the same time as the divid- and or boons and the dividend or bonus may, if so arranged between the Society and the member, bo set of sainst the call. The mating of a call under this Article shall be ceegood bósiness of an ordinary general eeting, which
dividend.
(2). After any resolution has been passed under the provisions of paragraph (1) of this Article the Board may arrange an behalf of the Society for the dividend or bonas to be set off against the call by authorizing any person on behalf of the members from whom such call is due to enter into an Agree ment with the Society providing for such dividend or bonus to be set off against each call and any Agreement made under such authority shall be effective.
(3). It shall be no objection to any resolution made under para- graph (1) of this article or to any call or arrangement that auch resolution was passed or such call or arrangement was made at the meeting at which the resolution introducing this Article and Articles 107 (a) was confirmed as a special resolu Een provided that due notice of the intention to propose. such first mentioned resolution and to declare such dividend. or bonus and to make such call shall have been given prior to the Confirmatory meeting aforesaid.
the or
for
108 (b). Dividends may be paid in Hongkong Currency at such use of
rate of exchange as the General Meeting sanctioning the cake in the case of interim dividends, as the Board may dildende
payable in determine."
Hongkong And the subjoined resclations will be proposed as, Extraordinary
resolutions:-
1. That the difference between the starling equivalent at to-day's opening T.T. rate of exchange of 200 Hongkong currency and the ram of £4 be called op up in each of the 80,000 shares of the Society of the nominal valuo of £10 each into which the silver shares of the Society have been converted. That a bonus dividend equal ja saioant to such differenes is referred to in Resolution No. I be and the same is hereby declared out of the Reinsurance Fund of the Society, sach ¡bonus dividend being payable to the persons who are register- ed as the shareholders of the Society on the date this renola- tion is passed and that such dividend in the case of each of such persons be set off against the amount due from him for calls under Resolation. No. 1 sad be retained by the Bocisty
accordingly and that the Roned Hody. to make the
necessary entries in the books of the
That 16,000 shares of the capital of the Society be issued addi- tionally to the 80,000 shares referred to in Resolation, No. 1 and that the sum of £4 he called up thereon, and that such additional shares be offered in the first instance as a premium of £31 per share to the persons who are registered as the shafe- holders of the Eociety on the date this resolation is passed in the proportion of one additional share for each silver share previously held and upon the footing that the squi of £4 called up plus the Est (making together £25 per share) shall be paid to the Society on acceptance of the oher, and that such offer be made by notice specifying the number of sharow to which such persons are entitled and limiting the time within which the offer if not accepted by payment will be deemed to be declined to the 23rd May, 1818, and that the Board be exipow- ared to dispore of the shares not taken up in response to anch offer as they com
• consider expedient in the interests of the Society. That the
Respiation No. 141,000 additional 3 participate in all dividends declared after the next Aonzal Gestral Mection of the Bociety pro rata with the 80,000 shares referred to in Resolution No. L Detal the Eleteith day of April, 1919,
By Order of the Board,
CMONTAGUE EDE,
General Manager.
U
This was at the bitsiness" of the meeting.
TO-DAY'S NEW ADVERTISEMENT.
BRITISH TRADERS INSURANCE COMPANY, LIMITED.
IF
NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the registered office of the Company, Queen's Biding, Hongkong, on FRIDAY, the 25th day of April, 1919, at 19.30 o'clock when the subjoined resolutions which were passed at the Extraordinary Oeral Meeting of the Company, beld on the 10th day of April, 1919,' will be submitted for confirmation as special resolutions:-
I That the nominal silver capital of the Company' as existing when this resolution is conêrmed as special resolution be converted into steiling and thst auch capital so converted be increased beyond the sterling equivalent of such silver capital when such conversion takes place to the sum of £1,000,000 Sterling divided into 2 10,000 shares of the nominal valan of £5 each.
2. That each of the issued silver shares of the Company of the nominal value of 83.33 cach with the sum of 325 paid up therean be converted into three shares and two-fifths of one share 17.35 of the nominal value of each with the sterling equivalent of $20. Hongkong currency at the opening TT. rate of exchange on the cate this resolution is confirmed as a special resolution credited as paid up thereon and according ly that 81,600 shares out of the 200,000 shares of the nominal value of £ each constituting the capital of the Company so converted and increased be distributed by the Board to the persons who are registered as shareholders of the Company on the date this reaclution is confirmed as a special resolation in exchange for the silver shares toba held by thems
3. That the Articles of Association be altered in manner following,
namely
By the insertion after Article No 108 of the following Artile
"106(s) The Board may employ the funds of the Company which Employmen have been established pursuant to the provisions of Article fada. 107 or any of them or any portion thereof (sud that whether each funds, or such portion as is proposed to be dealt with were set aside for the special purpose to which they are proposed to be applied or for any other purpose or not) in or iu for all or any of the following purposes that is to say meeting contingencies, in equalizing dividends, in paying special dividends or bonases, in repairing improving and maintaining any of the property of the Company, or other wise in the business of the Company, and in or for such other purposes as the Board shall in its discretion think conducive to the interests of the Company and in regard to say such employment as aforesaid the Ebard shall not be bound to keep the reserve funds separate from the other assets.
By the insertion of the following Articles after Article No. 107.
107 (11 Any general meeting at whicha dividend or bonus is Bags A declared or sanctioned, may make a call on the members of umsch such amount as the meeting fixes but so that the call on each member shall not exceed the dividend or brus payable to him and so that notwithstanding the provisions of Articles 18, 19 and so the call may be payable at the same time as the divid end or bonus and the dividend or bonas may, if so, arranged the Company and the member, be set off against the elis, of a call-under this Article shall be deemed ordinary business of an ordinary general meeting which declares a dividend
(3). Alter any resolution has been passed under the provisions of paragraph (1) of this Articlo the Beard may arrange on behalf of the Company for the dividend or bongs to be let off
the call by authorizing any person on behalf of the sacubers from hom sach call is due to cubar into an Agree- ment with the Company providing for such dividend or bonus to be set off against such call and any Agreement made under such authority shall be effective.
(3). It shall be no objection to any resolution made under, paro
graph (1) of this article or to any call or arrangement that such resolution was passed or auch call or arrangement was made at the meeting at which the resolution introducing this Article and Articles 106 (a) was confirmed as a special resolu- tion provided that due notice of the intention to propose such first mentioned resolution and to declare such dividend or bonus and to make such call, shall have been given prior to the Confirmatory meeting aforesaid,
Khan
Payalka in
Hongkong,
ba
proposed
I as Extraordinary
107(b),
7(b), Dividends may be paid in Hongkong Currency at such Hate of rate of exchange as the General Meeting sanctioning the for "sanne or, the case of interim dividends sa the Board may dividends deter nine." And the subjoined resolations will
Tecolutions That the difference between the sterling equivalent at to-day's opening T. rate of exchange of 87.35 Hongkong currency. d the sum of 22 be called up upon each of the $1,800 shares of the Company of the nominal value of £s each int which the silver shares of the Company have been converted.
That a boons dividend equal in amount to such difference an
1in is rerred to in Resolution Na. I be and the same is hereby declared out of the Reinsurance Fond of the Company, such. bonua dividend being payable to the persons who are register- ed as the shareholders of the Company on the date this resolu Gon is passed wind that such dividend in the case of each of such persone be set off against, the amount due from him for calle under Resolution No. and be retained by the Company accordingly and that the Board be authorised to make the mecenasry entries in the books of the Company an That 14,400 shares of the capital of the Company be issued ad- ditionally to the 81,000 abaree referred to in Boshlation No. and that the sum of £t be called up thereon and that such additional shaces be offered in the First, indiance st's premium of £10 per share to the persons who are registered. shareholders of the Company co the date this resolution is passed in the proportion of one additional share for each silver share previously held and upon the footing that the sum of 2 called up plus the £5.10 (making together £7.10 per share) shall be paid to the Company on acceptance of the offer, and that such offer be made by notice specifying the number of shares to which such persona are entitled and limiting the time within which the affer if not accepted by payment will be deemed to be defined to the 23rd May, 1919, and that the Board be empowered to dispose of the shares not then up in response to such offer asshez soider expedient in the inter-
osta of the Company co
the
4. That the 14,450 additional shares referred toyin Resolution No. 3 participate in all dividenda declared after the next Annual Dongral Meeting of the Company pro rata with the 81,000 shares referred en in Resolution No. 1. RES Dated the Meventh day of April, 1918. T
By Order of the Board,
C. MONTAGUE EDR
General Mariages,
By Order of the Board,
C. MONTAGUE EDE
General Manager.
Hongkong, April 11, 1919.
BRITISH TRADERS' INSURANCE COMPANY, LIMITED, NOTICE TO, SHAREHOLDERS.
INC
NOTICE IS HEREBY GIVEN that
the TRANSFER BOOKS of the" Company will be CLOSED from the 19th April to the 15th April, both days inclusive.
By Order of the Board,
C. MONTAGUE EDE,
General Manager, Hengkong, April 11, 1915,
PUBLIC AUCTIONS.
1AE Undersigned have recaired Instrue
Ttions to all by Public Auction.
(103 ACCOUNT OF THE CONCERNED)
ON
WEDNESDAY, April 16, 1919, at 12 30.
at their Sales Rooms, No. 8, Des Voeux Road, Corner of Ice House Street,
A NUMBER OF
CASES OF WINES AND SPIRIT3, A follows:-
Invalid Port, Red Port, Fale sad gold Sherry, Amontillado, La Rose Claret, French and Abstralian Vermouth, Angosturs and Bokers Bitters, Old Tom Gia, Brandy, &c,: (Catler Palmer & Co.) Clan Mackenzie std Sandy Macdonalds Whisky, Jamaica Rum
Also
Liqueurs including Genera Gin, Rumora, Bramanta Nectreure, Aniseed, Noreau,
£0.
TRTINE ---Cache
HUGHES & HOUGH,
Auctioners, Hongkong, April 11, 1919.
THE
Undersigned have received in- structions to sell by Public Auction, (For Account of the Concerned),
WEDNESDAY,
April 16, 1919, at 9,30-p.
at their Bales Booms, No. 8, Des
Voeux Road, Corner of
Lee House Stesof," ·
A NUMBER OF LOTS OF PRECIOUS STONES,
enitable for mounting, to be sold in lata to suit purchasers,
including
White and blue Sapphire, Rabies," Star Etones, Gats Eyes, Star Rubies,
And
A large variety of Ceylon fancy Stones.
To be sold without n
réservo).
Also
A number of 15-kt and 18-kt Gold
Jewellery. On view day of sale. Terme-Cab.
HUGHES & HOUGH,
Auctioneers.
"Hongkong, April 11, 1919.
M
NOTICE.
TESSES W. & HUM
PHREYS & CO. Shameen, Canton, have this day been appointed AGENTS for the sale and distribution of the "CHIA MAIL"
ton and the
tricta
March 1, 1919.”
Can
dig
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