MONDAY, DECEMBER 7, 1925.
PROSPECTUS.
The Subscription List will be opened on Fursday, the 15th day of December, 1925, and weit close on or before Thursday, the 31st day of December, 1925.
Hongkong Telephone Company, Limited.
Incorporated under the Companies Ordinance, rght. Capital $5,000,000 divided into: 500,000 Shares of $10 each.
Of the above shapes 120,000] to) The Company was formed on were subscribed for cash on the incorporation of the Company by the two Promoters, the Hon. Sir C. P: Chater and James Harper Taggart, an to 15,000 each, and by the Directors, the Hon. Sir C. P. Chater, the Hon. Mr. P H. Holyonk, the Hon. Mr. Chow Show Son, the Hon. Mr. R. . Kotwall. the Very Reverend Father Leon Rubert, Robert Gordon Shewan, John Scott Harston uni Jumes Harper Taggart as
No 10:000 shares ench
On these $8.50 per share (being as to $2.50 one-quarter of the nominal value of the-share and as to $1.00 the premium thereo15): was paid on allotment and the balance $7.50 per share) will be paid when called up on the same basis as the remaining capital "
140,000 shares credited as Fully paid up and ranking for dividend as from the 1st July, 1925, Bave Borm allotted to the China and Japan Telephone and Eletric Company Limited in pursuance of the Agreement (hereinafter called "the Purchase Agreement"); dated the 20th day of May, 1925, made between the China and Japan Telephone and Electric Company Limited, of the one part' and James Harper Taggart on behalf of the above Company of the other part.
The remaining 250,000 shares. tu rank for dividend frons the 1st F day of January: 1926, on the nominal amount from time to time paid up thereon but in all other with those equally respecta already subscribed are now offer- ed for public subscription. $3.50 per share is payable on applica- lom being as to $2.50 one-quarter of the nominal value of the share und us to $4.00: the premium there- on. The balance due share, namely $7.50, will not be called up at present but is to be called up on subsequent demand as and when capital is required.
on each
In allotting shares the Directors will, if there are sufficient appli Teations From bona fide residents in the Colony of Hongkong, allot shares to such applicants only, and they will also pay due regard to the applications of telephone su scribers.
Directors,
The Hon. Sir Catchick Paul Chater. Marble Hall Victoria,. Hongkong, Member, of the Legis- fative Council of the Colony of Hongkong.
The Hum. Mr. Percy Hobson Holynsk, of Messrs. Holyoak, Massey and Co., Ltd. Victoria, Hongkong. Merchant,
The Hon. Mr. Chow Shou Son, of the Bank of East Asia. Limited Victoria. Hongkong. Banker.
The Hon. Mr. Robert Hormus Kotewall, of China, Building, Vietoria, Hongkong. Marchant.
The Very Reverend Father Tron Robust, of Missions Etrang- eres. Victoria, Hongkong, Mis- sionary.
Robert Gordon Shewan, of St. George's Buildling. Victoria, Hong- kong, Merchant,
John Scott Harston, of Prince's Victoria. Hongkong.
Buikling.
Solicitor.
James Harper Taggart, of Vic- toria, Hongkong. Managing Direc For of The Hongkong & Shanghai Hotels, Ltd
In puratianer pf the terms of the Purchase Agreement the China and Japan Telephone and Electric Company Limit- url, and tho Oriental Telo- phone and Electric Company, Limited, or either of these Com- panies, so long as these Companies or either of them hold in their or its own right not loss than 300,000 fully paid up shares in the above Company are to have the right of nominating wo Directors of the Company provided such Nominat- od Directors are bona fide resi« dents of Hongkong. The first nominated Directors (nominated by the China and Japan Telephone and Electric Company, Limited), ure the Hon. Mr. P. H. Hölyonk and Mr. J. H. Taggart
the 24th June, 1925. for the purpose of taking over the undertaking in Hongkong of the China and Japan Telephone and Electric Company. Limited, who was the Vendor thereo and whose Registered Office is sitante at Alderman House, Alderman Walk. Bishopsgate, London, England. The mater- ial terms of the bargain are set forth in the Purchase Agree- ment as follows:-.
Bankers. The Hongkong and Shanghai Bahting Corporation, Hongkong
Auditors.
Messrs. Lowe, Bingham and Matthews, Viétoría, Hongkong, Accountants.
Solicitora.
"Mesure. Deacon, Victoria, Hong- kong.
Hagistered Omee."
16, De Vaux Road Central. Hongkong.
Acting Secretary. Terty, A.C.IE
(2) The Vendor Company with] "well and the Hongkong Com-) 'pany will purchase as at the "First day of July One thou- "sand nine hundred and "twenty-five the said 'Tele- "phone business and the "whole of the undertaking in "the Colony of Hongkong "and the Dependencies there- | "of as a going concern (with "the benefit of alt assets there "situate but exclusive of the "bet
profits, westments, "rush in hand and in the "Bank and debts due to the Vendor Company on the "Thirtieth day of June One "housand nine hundred and "twenty-five) of the Vendor "Company but free from all "debentures, mortgages, "charges of any kind and the "Vendor Company save as. "herein specially provided for "shall pay and discharge alli liabilities whatsoever in- "curred by the Vendor Com- "pany prior to the First day "of July One thousand nine
01
hundred and twenty-five in- "cluding the satisfaction of alti "elams in respect of staff. "superunaration funds bonus "funds and/or other bonus "payments up to and inclu "ing the Thirtieth day of June "One thousand nine hundredi
THE CHINA MAIL.
"CHINA MAIL"
DRAG HUNT.
MOUNTED TROOP OUT AT FANLING.
TWO RUNS YESTERDAY.
"SPORTS
RECORD SCORE.
KOWLOON TROUNCE CLUB
DE RECREIO
SATURDAY'S LEAGUE SOCCER."
PAGE
BOXING CHANGE..
MAIN EVENT NOT TO BE 15 ROUNDS.
·TO-NIGHT'S PROGRAMME.
"(6) The consideration for the the shareholders of the Company "said sale shall be the follow u minimum dividend of Eight per "ing sums, thesis to say cent. per annum on the paid-up "(a) The sum of $1,168,000 capital of the Company for the (One million one hundred time being, after making "pro- "und fifty-five thousand vision for working and manag "Dollars, Hongkong Curing expenses, maintenance and "rency) for the plant of efficient service, depreciation and "the Vendor Company reserve, and the other deductions (b) The landed cost to the referred to in Section 85 of the "Vendor Company of all said Telephone Ordinance the "additions made to the said above rates are to be, raised so "plant and/or property us to enable the shareholders to from the First day of receive such minimum dividend of
! thousand Eight per cent. per annum. "January Ono
On Saturday night Mr. J. The amount to be written off ax. At the invitation of the Masters.
On Saturday the record score- provided annually for depreciation of the Fanling Drag Hunt, sume for a senior league match this Brbok, manager of the Hongkong is not to exceed ten per cent. on of the Mounted Section, Hongkong season was put up by the Kow- Boxing Association, announced the cost of the Company's plant Volunteer Defence Corpe, spent un loon F.C. whose new forward line that the main event for to-night
a tally of sight against and equipment other than land enjoyable day in the New Terri-ram
Club de Recreio, the "babas" In the and buildings, and the amount tories yesterday.
At 8 am, a start was made from first division. that may be appropriated annually by the Company to a Reserve Dr. Fierce Grove's bungalow and
After tasting the fruits of vic-10 rounds as at first stated. Azicunt shall not exceed $50,000. the run began from the foothills tory in their last match the Police stoker Morrell; and A.B. Bwin. The net profits of the Company below Mr. de Silva's bungalow played a creditable draw with the the welterweight champion of the after providing as aforesaid are After going to the seventh tee alcague champions
Colony and the title will not be be used firstly in payment to the Fanling course & kill was
involved. the Government of a royalty of made behind Mr. P. C. Potta's Pour Dollars in respect of each bungalow.
"nine hundred and twenty- "Ave to the Thirtieth day "of June One thousand nine "hundred and twenty-vo.
(c). The sum of $491,335
and
RESULTS AT A GLANCE.
"(Four
hundred ninety-one thousand three "hundred and thirty-five "Dollars, Hongkong Eur
rency) for the land and "buildings of the Vendor Company which are more "particularly set forth in "the Schedule hereto.
dragt exchange line Telephone, In the afternoon the Hunt met d) The value of the stores which has been used and paid for at the Kennels. A drag had been "of the Vendor Company during the whole previous Twelve laid along the proposed steeplex F.C......... "which at the Thirtieth day months by a Telephone Subscriber chase course, crossing the river Kewison.... June, One, thousand or One Dollar per direct exchange and rounding the Punjabis camp South China "nine hundred and twenty-fine. Telephone for each period of bark to the Kennels. Here a fast
live are" in the possession Three months or less.. "of the Vendor Company In "the Colony of Hongkong "or are in transit to the "Vender Company there or "for the purchase of which "Vender Company has en- "tered into Binding con- "tracts.
"of
The said net profits are secondly to be applied in payment to the shareholders of the Hongkong Company of the minimum divi- per dund of Eight per cent. annum rising to Twelve per cent, per annum.
!!
an short run was made:
WHITE WINGS.”
FOURTH CHAMPIONSHIP
RACES.
Polica
Division 1.
1 R.A.
0
would be extended to 16 rounds.
Other arrangements have pru- vailed and the bout will be over
The contestants are, of course,
The balance of the programme as published last Friday.
CARTLIDGE AND MOREIS The "China Mail" has been re-
8 Club de Reorolo 1quested to state that. Stoker. Morris declines to box C.P.O. .. 2. "Temar”
Cartlidge, the lightweight cham- 1 Surreys
Div. Il (Section A),
S. China "A" Kowloon Rus. ¡R.A. Rus. ... 2 Drums
Div. II (Section B).
St J. Boarders 4 Kowloon "B" d. China "B. Drums, Ros... Mulons "Mualem "gir
H.K.F.C. v. RA,
1
U.
3
.0
pion of Hongkong, on fixed "win, lose or draw" terms as stipulated by the latter.
Morris has trained zealously for the projected meeting.
:
He stipulates 4 split puree. The position how is that even if Cartlidge, were offered the amount The demanda articles can still not be signed. Accordingly it will be
If the net profits be such that
The fourth R.H.KYC cham- were sailed on pionship races "(1) The said consideration larger dividund than Twelve:
up to the men themselves to get. "shall be satisfied fas to the per cont. per annum can be Saturday, the course being from,
Individualism on the part of one together and arrange terms for 1.3. the differ the Yacht Club round Stonecut "sum of One million for pair then "Eundred Dollars part there-ence between Twelve per centors Island to starboard. Therefor two spoiled chances that the submission to the H.K.B.A.
Royal Artillery had of drawing. and Eighteen per cent. hak "of) by the allotment anch "issue to the Vendor Com-thereof is to be paid by way was a splendid turn out and some level in. their match, on the Navy |
4
איון
"pany of One hundred and fof increase of dividend to the good sailing in a moderate breeze" ground with the Hongkong.
shareholders of the Company, and. "forty thousand shares of "Ten Dollers Cach in the the remaining half of such differ Hongkong Company credited he is so be set aside for the benefit of subscribers by way of "as fully paid up ranking for reduction of the subscription rates "dividend as from the Firstthorised as above mentioned "day of July One thousand The dividend payable to share "nine hundred and twenty-holders is limited to a maximum "five and fas to the balance of Fifteen per cent. per annum,
Any further net profits (ie, not "thereof) by payment in
eash in Hongkong Currency profits in excess of Eighteen ner "in Hongkong by the Hong-nnt. per annum) are to be ap- "kong Company to the Vendor plied solely for the reduction of
swiseription ratus.
Full particulars in respect of the above appear in The Telephone
Ordinance 1926,
Company.
THE SCHEDULE ABOVE REFERRED TO:
Properties Owned by the Vendor Company.
(b) The minimum subscription
on which the Directors may | proceed to allotment in Sever shares..
er)
and twenty-five Provided "always and those presents "are upon this express con- No. 2 Queen's Road Central and "dition that the same shall be
No. 14 Ice House Street. "subject to the said James No. 1 Cameron Road. Kowloon. "Harpor Taggart being satis-Nor. 118 and 119, The Peak. "fied with the state and con- Inland Lot No. 57, Soutions A&(4) "dition of the plant (including | E of Inland Lot No. 339. "cables conduite, etc.) of the "Vendor Company. The said phrase the undertaking "shall be deemed to in- "clude:-
(a) The Goodwill of the "Vendor Company us now carried on in the Colony of "Hongkong and the Depen- "dencies thereof.
"6b) All the lands and build- "ings of the Vendor Com-
Section A of Kowloon Inland Lot
No. 540.. Remaining Pertion of Rural)
Building Lot No. 47. Properties Leased by the Vendor: Company.
(a) Six Office Rooma in Nos.
15 and 17 Queen's Road Central,
(0) One Two-storey Godown, used as Store and Work- shop being No. 3a Duddell Street,
"pany owned and/or leased |; ~ (c) Portion of land belonging
to Kowloon-Canton Bail way at Blackhead's Point, Kowloon, for stering eables,
接
ran
It was was enjoyed.
"Bobbies" led 1-0 till five minutes Iscored after ten minutes? play. straight down to the western end Football Club for whom Forsyth turn match at Happy Valley the The goal came from a pass by from time. However, the infan- "Dorothea," of the Handicaps, Stewart and Forsyth banged brymen did not suffer their initial of the island and a beat back. sat on the putty on the western
Johnson deserted the pivotal corner of the island, but got off in true and hard, the ball rising defeat of the season.
The into the net.
Both sides missed chances to position and played centre-forward again after a short while. stoppage, however, altered her altimate position in the race.score; but on the run of the play for the Police. He proved a suc- A free kick for the SurrGYE "La Linda" brought off a win in the gunners would have been cess and obtained a goal early on. time this season. the Handicap class for the Arsat value for a point.
Hongkong F.C.-G. Rodger; found the mark towards the end. "Bluenose"
Summers,. Bishop; Mair, Jand the points were divided as a Stewart, Watson, W. Stewart, result. Forsyth, Brodie, Johnstone, Key..
R.A.Stanton; Trim, Excell Rachel Raade, Viccars; Grew, mith, Harris, Pulford, Murphy.
Referee: Mr. Baldwin.
won in the Heyward Haya and "Gael" in the combined Gael and One Design class.
The boats are given below in' the finishing order
Handicap Cinas.
an
Hep. Finish: Cor
ing sected course Time Time-
Str. 436 47 436 47
Kowloon v. Recreio.
At half-time Kowloon were four The shares now offered for Roll 2nd, subscription have not been a Linda 1st, 60 440.32 434 32 up, playing op their own pitch. underwritten.
Falcon.3rd: 7:30 4 46 11 4:38.4 Gosano and Rocha, the stars of No commission or promotion Dina 130 446 33 445-23 the Recreio attack had an off-day money will be paid by the Colleen 15 453 443 16 but Ogley gathered honours in the
Dorothea....
...... 9:45 453 25 4 43 40tast line of defence. Company.
Hayward Hays. (e) The Company is to pay the
preliminary expenses of and Bluenose 1st... ser $10.09. incidental to the formation Gladys 2nd. ...
5 17:31 and flotation of the Company Adel-3rd ** 5.13:25 down to the time when it Adanac becomes entitled to commence Boojum business and also the legal Sealark costs and expenses of and Lola . 30
ין
f1
14 19
*
5 17.10.
$.20 16
$ 17 41
Police:A. E. Clarke; Wynne, Harle; Brittain Oram, Randle Cornwall, Post, Johnson, Noonan, Simpson.
Cooper, Surreys: Douglas; Jordan; McGreavy, Mitchell, Bris- towe; Charlesworth, Stairs, Hun- berstone, Butlar, Mackleworth
Referee:-Mr. Smith, RA.
Div. II (Section A), ‚'
South China "A" v. Kowloon Reserves-The Chinese continued Duncan, Linaker (2) and then their sequence of league victories, Dungan again were the marksmen Au Kit-Bang getting in the first In in the first session. Afterwards half the goal that mattered.. Linaker headed in McBride. add-the second half Ip Kau missed ed the sixth as the result of a from the penalty spot. .corner and Duncan got the Both sides played good football seventh.
und the Chinese deserved both. Ogley led a forlorn Hope and poin inculental to the negotiations Gaels and One Designs.
Gosano scored the Recreio's. solit- Royal Artillery Beserves, v. which have taken place for Daphne and... scr. 50346 5.03 40ary point. Linaker then shot his Drums:-At Sookumpoo the gun- acquiring The aforesaid Gaf 1st... 3.45 06 20 3.02 33 fourth to complete the scoring. ners' second, eleven led by 1-0 at undertaking and the negotia- Albi... tions with the Hongkong Pierrette 3rd Government arising thereont Halcyon and the obtaining of the Joan aforesaid Ordinance, auch Thecla legal costs and expenses in Mec Sing "be incurred during the year estimated 1926, and the amint thereof is $20,000: (f). The Arlicles of Association
"by the Vendor Company "for the purpose of its suid "business "being the pre- "mises set qut in the "Schedule hereunder writ- In addition to the allotment of "ten subject to the rents 110,000 shares of the Company, "conditions and reserva-credited a fully paid up. tho tions affecting the same. China and Japan Telephone and "(6) All plant material Stores Electric Company Limited has "machinery property stock receivel from the Hongkong Con "in trade instruments fur-pany $200.000 in cash on account
of the consideration "specifiek in! "niture and utensils to "gether with such books the Purchase Agreement.
The Hongkong Company was "accounts, documents,
formed for the purpose, alsy, uf "plans statistics records
supplying telephonic "and reports as pertain ortion within the communic() "are necessary to the con- Colony of Hongkong and its "duct in continuity of the Dependencies and the New Terri- business being the pro-tories for a period of Fifty years "perty of the Vendor Com-under a Concession from the "pany and used by it for the Hongkong Government detailed "purpose of its business and particulars of which appear more "including spare plant and fully in The Telephone Ordinance (4) #stores of all descriptions 1925 (hereinafter referred to as (whether actually in use "the said Telephone Uminance"). "or nat in yse) without any The Hongkong Company is "exception whatsoever save authorised to change the follow "as horuinafter mentioneding annual fates with öffect from "in the possession of the the fat July 19251--
Vendor Company or to (m) $108 per Exchange Line "which it is entitled and within (0) Victoria and Kow- "also including works of loon as defined by the Inter- "all kind in the course of
pretation Ordinance 1911 and "construction without ex- "ception.
"() The benefit of all con-
tracts and engagements. "entered into by the Ven "dor Company in "Colony of Hongkong in re- "lation to its suid butthees
() within the Peak District. as dained by the Peak Dis trict Reservation Ordinance
1904 but substituting 500
fect for "788 feet
within radius of que, mile from any exchange that rang hereafter be opened outside the arcus referred to in (a); employees of the Vendor
(c) An additional charge of sho Company for
por mile or part of a mile "which special provision is "hereafter made),
measured outwards from the nearest point of the boundary. of the areas Teferred to in (a) and (b),"
(i)
(3)
provide that the qualification, of a Director is to be the holding of 1,000 shares in, the Company and that remuneration of each or the Directors is to be $2,000 per
(43332212.
ser. 5.06.30 3.06 30 Kowloon: Vickers; Wheeler, lemon time. The Drums equalised Urquhart; Turner. Sims, but their opponents exploited a McKelvie: McBride, A. Duncan, slip by the defenders and put on Lineker, Mason, Hayes.
the winning goal."
4:30 5.00 20 504 50 SCP. 5.50 5.11 50 3.0 5.1602 $ 1302 7:30 5.16 36 5.09.06 3:45 5.36 57 5 13.12
R.H.K.Y.C. QARS.
?.W.D. WIN INTER.MONG RACE.
Club de Recreio:-Fernandez; Ogley. D. Xavier; Sousa, A. A. Remedios, H. C. Remedios; Silva, Fuertes, Gosano, Rocha, BroWIL
Referee Mr. F. Smith.
South China v, “Tamar,
..
Div. II (Section B).
St. Joseph's Boarders, on their lown ground, beat Kowloon "B" by
4 goals to 3 in a well-contested match.
1
LAI WAH CUP..
'On the Sookumpoo "B" ground, Although they won by two clear South China "B" obtained their goals the Chinese gave a shocking first win by 2 goals to nil against Five crews competed in the display of shooting or rather, of the Drum Reserves.
On St. Joseph's ground, the two- annual Hong fours race at the non-shooting. Opportunities that The Directors were interest Yacht Club on Saturday. They went begging were so many that Moslem Club/teams were in op. ed in the promotion of the were APO PW.D., Hongkong count was lost, Wong Fakschung position: Five goals scored in the and Shanghai Bank, Hongkong (centre-forward) being the chief first half, the "A" XI being credit- Company to the extent only Electric Co., Shewan, Tomes & Co. culprit both in commission and ed with three. After the interval that they or some of them are The course was a mile and a omission.
the defences prevailed and there Directors of other companies very fine rate was rowed in none In the first few minutes the was no more scoring" with whom the Company may too amooth water. The A.P.C. Chinese scored twice and there do business.
P.W.D. and H.K. Electric went after neither citadel capitulated. Copies of the Memorandum to the front at the start and later en put in the first from a pass
The following have been select and Articles of Association the last named dropped baska by his partner, Chan Kwong-in, of the Company and of the little. The remaining two rowed the nippy little left-winger. Suened to represent the Civilians in Purchase Agreement and of a stern race side by side and shortly afterwards gave nicely to the Lai Wah Cup semi-final The Telephone Ordinance No. were almoss dead level, 200 yards Chan So. moved up from the rear-round, kick-off at 4 p.m. sharp
Saturday on the Sookumpos 9 of 1925 can be inspected from the faish. Then the PW.D.
Rodger (Club) Wynns (Police), at the office of Messieurs stroke called for a spurt to which guard to notch the second.
Before the interval Cheung Bishop (Club); Watson, Stewart, Deacons, Solicitors for the his men willingly responded and wing-shing became rocked and Captain, (Club), McKelvie (Kow Company, at any time during with a tremendous effort, they Lai Yuk-tat retired early in the business hours.
forged ahead and went over the A copy of the Company's line six feet hond of the APC second half. With nine men the (Club), Goesno and Bocha (Club Memorandum of Association Afterwards in the Club House. is annexes to this Prospectus Mrs. Minatt presented the win with glory in beating back raids (Kowloon), Howard (Club) and Ng Kau-chuen covered himself de Recreio), Simpson (Polico). Reserves:-Wheeler and Hayes and forms part of it. Application for spares should the form at crossed ours. The by the "Tamar" but the Chinese Brittain (Police). To play in
ning crew with silver badges in
Chinese concentrated on: defence.
loon); Taylor (Kowloon), Forsyth
No made upon the form a winnings crew was K. S. Robert have also to thank the sallors for whites
It has been decided to replay (str.), W.. R. Andrews, not getting home when well companying the Prospect son the() $108 per Exchange Line.
and sent to the Campany's J. Baker, R. C. Keen (Bow) and placed."
the game, Navy v. Chinese, in this South China: La Hing competition on Saturday, Dec. 19, Bankers together with a re- H. J. Pearce (Cox).
chemeg; Ng Kain-chuen, Laf Yuk-at Sookumpoo if the ground is mittance of $9.80 per sharo,
tat, Ko Sik-wai; Weng Sui-wa, available, if not then a mid-week being as to $2.50 thereof one- !!
Lam Yuk-ying: Chaung Wing game will have to be arranged. quarter of the nominal value of the share and as to the
pany's Bankers, the Houg shing Chan So, Wong Pak-chung The Council of the Hongkong kong and Shanghal Banking Suen Kam-shun, Chan warf Football Association have decided remaining $1.00 the promtum
Corporation, Hongkong, and "Tamiar Wavish, Futter that the needs from the Navy- thereon. Whore, ao allotment,
at and from the offices of the Jones Sandys, Coulin Regan: Chinese made will be allotted in is made the deposit will be roturned in full and where
Company's Solicitors, Mes-Chadwick, Hyde, Summers, the followi proportions the number of shares allotted ** is less than the number ap- andre plade for _a_praporionak
amount of the deposit will
(e) The Vendor Company's "rights and corresponding "obligations in respect (d) ""thereal" "relating to ni
"wayloaves
and
all outer rights and ease- "ments enf
"by the
"for the purp
business
Used
For extension telephones bells, switches, switab-boards power circuits. father services
Huch charges is the Governor. in-Council AY SFP
can be inspect ed at and forms of applica tion obtained from the com
sieurs Deacons, No. 1 Des Brown, Hillier.»
Voeux Road Central Hong-|- Referee: Mr. Matthews
kong.
Prospector has been dules filed with the Registrar of Com
Dated the 15th day at Octo
in the season the Folice.
One-third of the nett proceeds
to each of the following: Sub marine M7 disaster fund, Canton Hospital and expenses account)
Popular prices will be charg for admission, and it is hap resund crawl will be in atten