Page
BATURDAY MARCH
BUSINESS FAILURES.
BANKRUPTCY PETITIONS
HEARD.
Four bankruptcy petitions were heard before the Chief Justice (Slr William Recs Davies) at the Supreme Court this morning.
In the first case. Chan Yiu Chan made an application for his dis- charge from bankruptcy. He stated that formerly he had
timber, business which he carried on by the firm name of Wing Shing Cheong but in 1916 he sustained heavy losses due to speculation. A petition was filed against him in 1916 and he was later adjudicated bankrupt in the same year. His creditors had met together again and agreed to accept a further 10% in order to allow his discharge. His Honour granted the application.
A receiving order was granted the Tung Hang Yue firm on the creditor's petition. The assets of the firm were estimated to be round about $30,000.
A receiving order was also made against the Sun Cheong firm whose liabilities were estimated to be about $2,000, with a fair amount of assets.
The fourth petition was against the Ming Sang Bank, the managing partner's name being given as Tse Yam Chi, The Official Receiver (Mr. G. N. Orme) intimated that the bankruptcy of the Ming Sang Bank was on a considerable scale. The liabilities were very large and the assets, he was informed, turned out to be worth very little or nothing. There were
several claims against the bank, he said.
This case was adjourned till next bankruptcy day.
CHINA SPECIE BANK.
ENOUGH TO PAY CREDITORS.
At the Supreme Court yesterday morning, a meeting of the creditors of the China-Specie Bank was held. It will be recalled that the bank suffered many vicissitudes and since a winding up order was made, negotiations have been proceeding: whereby the bank should make an effort to meet its liabilities.
The official receiver, (Mr. G. N. Omme) conducted yesterday's proceedings and stated that the total liabilities of the Bank, as declared by the Balance Sheet, amounted to $1,623,000 including $588,300 capital. The assets ac- cording to the books were $1,369,- 000 but Mr. J. H. Seth who had taken over the management since the winding up said that the value of the assets realisable was pro- bably a good deal less. He estim-1 ated them to be worth about $1,100,000 only. There would, in all probability be enough to pay the creditors but the shareholders would lose their money,
Mr. Orme then suggested that the meeting be adjourned till April 19 when creditors would be afford- ed an opportunity of putting for ward any suggestions. This was agreed to.
FAR EASTERN SPORT.
OLYMPIAD TENNIS TRIALS - ARRANGED.
A team from the South China Athletic is to represent China' at' the forthcoming Far Easter) Olympiad at Osaka in May. The Shanghai team that was coming down to play trial games with the southemera have scratched their challenge.
Two tennis players in the Canton Christian College are coming to Hongkorig as they have challenged forthe right of respresenting China at the Olympiad. A double match has been arranged for Monday afternoon at the Chinese Recrea tion Club when Ng Sze-kwong will be partnered by either M. K. Lo or Wong Pokeang in opposition to the Canton pair.
"
All the athletes chosen from Hongkong will leave by the s.s. "President Jefferson" on May. 10 and proceed direct to Japan. The Canton representatives and the Filipino team are sailing on the same ship.
Dr. John Rigby M.B., B.S whose name has just been added the local register of medical practitioners, is to join Dr. Rozario.
The Bangkok International Chamber of Commerce Committee have elected Commander WAL Grut (The Siam Electricity Co. Ltd.) Chairman of the Chamber, and Mr. P. Scott (The Anglo-Stam
Corporation Ltd.) and Mr. H. Kung
ener Diethelm & Co.; 1
Chairmen
1928
·TO-DAY'S NEW advertisemeNTS.
THIS PROSPECTUS HAS BEEN DULY FILED WITH THE REGISTRAR OF COMPANIES.
The Subscription List will open in SATURDAY, the 24th day of March 1923 and close on or before SATURDAY, the 31st day of March 1923,
HONGKONG REALTY AND TRUST
COMPANY, LIMITED.
Incorporated under the Companies Ordinance 1911-1921.
Capital $2,000,000 divided into 200,000 shares of $10 each.
Of the above shares 100,000 have already been subscribed for cash by the Directors and their friends. On these $2.50 per share will be paid on application and the balance when called up on the same basis as the remaining capital.
In addition the Directors are allotting 30,000 shares credited as fully paid up under the terms of the Option and subsequent correspond ence thereon referred to in parescape (a) beresent
The remaining 70,000 shares ranking equally with those already subscribed are now offered for public subscription payable as to $2.50 per share an application. The balance due on each share, viz., $7.50 will be called up on subsequent demand as and when further capital is required.
Any of the shares now offered to the public which may not be. subscribed for will be allotted in such manner as the Directors shall determine.
DIRECTORS.
JOHN SCOTT HARSTON,
1, Des Voeux Road Ġa tril, Hongkong, Solicitor & Notary Public
Hon. Mr. CHOW SHOU SON, Bank of East Asia, Ltd.,
Des Voeux Road Central,
Hongkong.
Unofficial Member of the Legislative Council.
JAMES HARPER TAGGART,
Managing Director,
Hongkong Hotel Co., Ltd.,
Powell's Building,
Hongkong
The Very Rev. FATHER LEON ROBERT,
Procureur General des Missions Etrangeres,
1, Battery Path,
Hongkong.
ARTHUR RYLANDS LOWE,
3. Queen's Road Central,. Hongkong.
Chartered Accovatant.
FRANK MALCOLM LANE CRAWFORD,
Managing Director,
Lane Crawford, Ltd., Chater Road,
Hongkong.
FUNG TAT HANG,
Compradore,
Hongkong Hotel,
Hongkong
PETER KINGSON KWOK,
Bank of East Asia, Ltd.,
Des Voeux Road Central,
Hongkong,
BANKERS...
Merchant.
The Hongkong & Shanghai Banking Corporation,
:
AUDITORS.
LINSTEAD & DAVIS,
}
Alexandra Building,
Des Voeux Road Central, Victoria, Hongkong. SOLICITORS.
Messrs. DEACON, HARSTON & SHENTON,
1, Des Voeux Road Central,. Victorki, Hongkong.
REGISTERED OFFICE OF THE COMPANY.
Powell's Building (2nd floor),
Des Voeux Road Central,
Hongkong.
SECRETARY OF THE COMPANY (pro tem).
T. A. BARRY,
Powell's Building, (2nd floor),
Des Voeux Road Central,
Hongkong.
PROSPECTUS.
(a) This Company has been formed principally to acquire by purchase (under the terms of the Uption and subsequent correspondence therson liereiusftar mentioned) from Lane Crawford Limited (whore Registered Ollics is situato at. Ice House Street, Victoria, Hongkong) and develop by building thereon the laud registered in the Land Office as Bection A of Mario Lot No. 7 and commonly known as "The Wiseman Site" situste in Des Voeux Road Central Hongkong. The purchase prics el the land is $1,000,000, 8800,000 of which will the astisfied by the issue to Lane Crawford Limited of 30,000 shares of the Company oroditet a fully paid up. Of the remainder of the purchase price, $149,791.60 will be put in ob, sad the balance of $651,318 50 will be satisfied by the taking over by the 'Company from Lane Crawford Limited of the Mortgage (repayable on the 30th April 1997) for that amount now subsisting on the property in favour of Lane Crawford Limited and carrying interest at 8% per annum.
In addition to the purchase price payable as above, the Company. will under the Option hereinafter mentioned, pay the brokerage of one per cant. on the purchase prios amounting to 10,000 which is rafarred. to in paragraph (6) hereof, and also indemnity Lane Crawford Limited to the extent of 826,894.30 in respect of, the Plans and Speciãostions referred to in paragraph (c) hereof. AENEA
The Option for the acquisition of such land bears date the 8th day of March 1933 and is made between Lane Crawford Limited as Vendors of the one part and Mr. W.E. I. Shenton, one of the partners in the firm of Deacon, Herston and onto the above mentioned Bolicitors to the Company, as Trastes for the Company of the other. part. A copy of this Option and the subsequent correspondence there on can be inspected at the offices of the said Solicitors to the Company (No. 1 Des Voeux Road Contral, Hoogkong) at any time daring. business hours. A copy of the Mortgage above referred to which besri data the 5th day of May 2993, and is for a term of Five y from that date can niro be inspected at the same place and time.
There are po dther Contrasta relating to the land to be negaired. by the Company,
-yours
On the land to be acquired sa abors by the Company it is proposed to erect a modern seven-storied building with a Basement, so se to affoid accommodation for Store, Skops, & Safe Deposit Vault and First-class, Office Rooms, particularly editable to professional people. The Site is considered to be specially, favourable for such a building, being is the centre of the buslocis part of the City and close to the Hotels, Banks and Shipping Offices, etc
Voy. In respect of the above mentioned Option
chase price of $R0000
mpany in respes:
the Company, are Urawford Llimited
picthe cost of contection with.
THE CHINA MAIL.
TO-DAY'S NEW ADVERTISEMENTS.
HONGKONG REALTY AND TRUST
› COMPANY, LIMITED.”
NOTICE IS HEREBY GIVEN that
the above named Company is issuing a Prospectus dated the 23rd. day of March, 1923, a copy of which has been filled with the Registrar of Companion, inviting subscriptions at par for 70,000 shares of $10 each payable as in $2.50 per share on application and as to the balance on subsequent demand as and when' further capital is required.
The subscription Ht is now open and will be closed on or before the 31st day of March 1923. |-
Coples of the Prospectus and forms of Application can be obtained from the Company'a Bankers, "the Hoogkong and Shanghai Banking Corporation, and from the temporary offices of the Company, in Powell's Bullding, (Second Floort. Des Yœux. Read Central, Hongkong
This Notice is not to be regarded
·EDUCATION DEPARTMENT,
TEMPORARY ASSISTANT TEA- CHERS (European) are required at once. Applications, with par tierlars of qualifications and ex- perience, and coples of testimonials. should be addressed to
THE HON DIRECTOR OF EDUCATION
Education Department. Hongkong, March 24, 1923.
THE 9th ANNUAL PIANOFORTE RECITAL”
of
as an invitation to the pubile to sub- PROF. DANENBERG'S PUPILS scribe for shares and application will only be received on the footing of the full prospectus and in the form issued therewith.
Dated the 24th day of March, 1923. T. A. BARRY.
Powell's Building, -
Hongkong.. Secretary pra tem.
TO LET.
TO LET-Immediate possession, two semi-detached houses with grass tennis court, Bowen Road level. Each house containing two pullic rooms, two bedrooms, bath- rooms etc. Can be let as one house, Apply, Box No. 1421 c/o "China Mail."
Best Medicine Make.
A tortor nudicine can not he made shanthimbo lan's Comh Benes. It relieves the lungs, open the section, aids, exporturition and sist. Nature in
estoring the satent a healthy fo iti. n. Paides, i'untains no crates and is pafely safe to take. For salo by all it and storeka prag.
will be held on WEDNESDAY, 4th April at the
ST. ANDREW'S HALL, CITY HALL,
at 5.15 p.m. Sharp.
Tickets obtainable at all Music Stores
*.at - $1,00.
"WANTED,
VANTED A Godown keeper.
Salary $40 per month. Apply China Mail."
"XYZ" cla
HOME MAILS ARRIVED.
At II o'clock this morning, the s.s. "Karmala "arrived with the home mails, letters and papers up to February 22 and parcels up to February 14.
Last chance to see "LES MISERABLES"
To-day
to one should fail to see.
this great. picture.
Commenncing Sunday 25th.
A star which all of you love BEBE DANIELS
in
ONE
WILD WEEK
WORLD THEATRE
(e) The Company is to pay all preliminary expenses of and incident to the formation and floating of the Company down to the time when it' becomes outitled to commence business and also all costs and expenses in connection with the acquisition of the land and the Assignment. thereof to the Company, the estimated amount whereof1is $20,000,- (f) The minimum subscription on which the Directors may proceed to
Vallotment is asvon shares. ing. A
(g) The Articles of Axenciation provide that the qualification of a Director
in to ba the holding of 81,000 shares in the Company and that the re muneration of each of the Directors in to be $1,000 per annum.
(A) Directors, are interested in the promotion of the Company as follows:- (1) As to Mr. Hariton in respect of the brokerage mentioned in
pause (b) E
„(2) As to Mosers, Taggart, Lowe, Crawford and Harston to the extent withat they are Directors of Lane Crawford Limited who are the
Vandora of the laud to be acquired by the Company,
As to Mrere Tagart, Lows and Harston to the extent that they Are Directors in the Hoogkong Hotel Company Limfied who are Sharobolders in Lane Crawford Limited;a;
At to the Bar Father Robert to the extent that he is Dirtetor of the Dairy Farm, Lee and Cold Storage Company Limited who Are Bhareholders u bono Orawford Liraised, the Vendors afore
(5) As to all the Directors other than The Hon Mr. Chow Shou Soo, Faog Tat Hang and Peter Kingson Kwok that they or sosis of them are Director of other Companies with whom the Company- may do business
(A) Copies of the Memorandum and Articles of Association
pany can be foxpacted at the aforementioned offices of the sitors to the Comping at any time during business hours,
sopy of the Company's Memorandum of Amoriation is, suncxed; to the Prospectus and forms part ofítica
(1) Application for, shares, should be made upon the Forin sitzchod.
Prospantus, which should be détached therefrom wid
papy's Bankers (The Hougkong and phang bai
Jogoli with remittance of £50 per
depor
no allotment is mad
the
NOTICES.
EVERY REQUIREMENT FOR TRAVELLING
FITTED CASES FOR
MEN OR WOMEN.
SOLE AGENTS
FOR
THE HARTMANN TRUNK
*IN HONGKONG.
SOLID LEATHER SUIT CASES. ROT-PROOF 'CANVAS HOLDALLS:
ENGLISH TRUNKS. AMERICAN TRUNKS.
SOILED LINEN BAGS.
JAEGER PURE WOOL
STEAMER RUGS.
HART
LANE, CRAWFORD, LTD.
NEW PROCESS.
COLUMBIA RECORDS.
CHICAGO
I WISH I COULD SHIMMY SYNCOPATE....
JUST AS LONG AS YOU HAVE 'ME
A KISS IN THE DARK MR GALLACHER JOURNEY'S END
FCX TROT
WALTZ FOXTROT
ETC., ETC.
ANDERSON'S.
Opposite Wiseman's
Tel. 2323.
Hole Agents
Suzuki & Co.
SAKURA BEER
Alexandra Buildings,
Tel Central 468 & 467.
YE OLDE PRINTERIE
MLIMITED
(SUCCESSORS, TO PRINTING DEPT. HONGKONG PRINTING PRESS)
19, WYNDHAM STREET,
COMMERCIAL PRINTERS
ASUS BOOKBINDERS
PRINTING
ACCOUNT BOOK MAKING OF EVERY DESCRIPTION DONE WITH ACCURACY AND PROMPTNESS. ALL WORK DONE UNDER THE PERSONAL SUPERVISION OF THE MANAGER - Рокв. С. 3707.
V. Ċ LABRUM.
KAM HING KNITTING COMPANY
Manufacturers,
Bocks, Singlets, Jerseys, Eweaters, etc.
4, Haiphong Road, Kowloon
Telephone Howloon £77 Manager, WOND KAM FUL.
JUST RECEIVED.
J. & F. Martell Brandy Flasks with
Aluminium fup attached.
Each flask guaranteed to contain over three ounces of very old Pale Martell's
XXX Cognac.
A Boon to Travellers, Sportsmen, &0 Price per flask duty paid
GANDE
$0.75
CO FTD