3
MONDAY, NOVEMBER 21, 1927.
NEW ARTICLES.
China Underwriters' Ltd. Constitution.
TO-DAY'S MEETING,
With regard to the second object this was gone into very carefully by-the Consulting Committee under
the advice of the Company's Man- ager and Actuary with a view to ensuring that the commission should not embarass the Company or restrict its future operations,
The General Agents undertake
Various Resolution: Approved By during the term of the agreement
An
Shareholders.
to place their own business with the Company and to introduce as much other business as possible, and the commissions payable thereon have been reduced considerably as
the old agreement: compared with and are a great deal lower than the
command in business would open market.
Mr. J. M. Alves seconded and the resolution was carried.
and to
THE CHINA MAIL,
HANKOW QUIET.
(Continued from page 1.3
were
HEAVY RANSOM.
PAID FOR RELEASE OF HUNTERS.
NEARLY 2,000,000 FRANCS.
Paris, Yesterday.
Rev. Fr. Noval proposed: (3) That the proposed General Agents' Agreement already up- proved by this meeting and for
Pengpu Captured. the purpose of identification
Shanghai, Saturday. subscribed by the Chairman
A Nationalist communique thereof be and the same is here upon the operations ending in the by adopted by the Company and capture by them of Pengpu states
A report from Casablanca says it - the Board of Directors are that Kwanten and Mingkwang hereby authorised to attach to were captured on Nov. 8 and Lin-om paid for the release of six of is now revealed that the total ran- auch Agreement the Common wai-kwan was occupied on Nov. the French captives comprising the Seal of the Company extraordinary general
11, after which the Northerners Steeg party and
the two. Arnaud execute same in pursuance of at Pengpu launched several coun- girls was between 5,000,000 and meeting of the China Under
the Articles of Association of ter-attacks, all of which writers. Limited, was held this
7,000,000 francs-Reuter. the Company.
repulsed. morning, at which there were pre-
Mr. A. Keith seconded and the
The Northern forces at Feng-Steeg and Jean Maillet
[The party included Messrs. Yves sert, Messrs. Robert G. Shewan,
and Meg- Chairman, Allan Cumeron, Li
resolution was carried.
yangkwan held out in spite of
Steinheil. heavy losses, but were finally There were made prisoners by a
dames Protokoff and Increase of Capital. Tze-fong, C. P. Marcel, C. A. da
The General Agents' commissions Roza and Tsang Foo, members of
hostile tribe in Morocco and held as Casulting committee; W. E. on the general busincan of the Com- Mr. C. A.Ba Roza then propos-driven back on Nov. 15. Surprise Attack. Shenton, of Deacons, solicitors to puny (other than that introduced
(4) That the capital of the Com-
Finally, a surprise attack car-hostages of war in the mountains.]. Company
Herbert R. Sturt, by the Firm) as well as those on
pany be increased by the cren-ried Pengpu on the afternoon of FJ.A., Manager and Secretary; the Life Business have been very
tion of fifteen fully paid up Nov, 18," E. R. Childe, A.I.A., Assistant drastically reduced and in fact tor-
shares of $1,000 each and that Serretary and lessrs A. [minate altogether at the end of 10
the rights privileges and con- ditions following be attached Shields, W. Adamson, Wong Kit years. wan. Alan Keith, C. B. Brooke.
thereto, that is to say:-- Rev. Fr. Noval and J. M. Alves (shareholders).
After the Secretary had read the ice convening the meeting, Mr. Shewan addressed the meet- ing as follows:--
As indicated in the notice which has just been read by the Com any's Secretary, this meet- ing has been convened for the purpose of considering, and, if thought fit, approving:-
Participating Policies,
the
Among the other alterations is the introduction of clause 117 (b) which is a usund clause in the Ar- ticles of Association of a Life As- surance Company. The participat- ng polley holders contribute a con- aiderable extra premium as prost loading thereby adding to the gen-] ral security of the Company and are naturally entitled to get back their contribution by way of bonus (1) The draft new Memorandum if the Company is prosperous, As of Association of the Com- the Company gets Inger the nam
her of participating policy holders (2) The draft now Articles of gets greater and these extra contri- Association of the Company, butions form the greater part of (3) The proposed General Agents the Actuarial surplus; the profit de- Agreement between the rived from these cash payments. is Company and Messrs. She not trading profit in the true sense. The percentage of 90 per cent. of wan Tomes & Co., and for the purpose of consider-profits from Life Business is a usual ing, and, I thought fit, passing, percentage provided for and under (1) An Extraordinary Resolu- Canadian Law this percentage is a This safeguard in tion increasing the Capital compulsory one.
the Company by the eren participating policies is moreover tion of fifteen Founders' an asset in the acquisition of new
business. shares of $1,000 each.
Copies of the existing memoran-
Executive Control.
With regard to the proposed | dum and of the draft new one have, new Memorandum and Articles of as indicated in the notice. conven- Assalation, the main objects of ing this meeting, been spen for in- the the alterations effected thereby spection by shareholders at were set forth in the circular Company's Registered Office in this statement of your Consulting building, and there are also copies Committee. They are:-
of each of them on this table which
1. To vest the executive com- will sign, for identification which trol of the Company in aany Shareholder may inspect if he Buurd of Directors elected by desires to do so. the shareholders instead of The remarks I have just made; in, a firm as General Mann-apply also to the existing Articles of Association and to the draft new 2. To reduce very considerably Articles. In the print of the pro-!
the scale of commissions posed new Articles, the portions ayable to the firm which at which differ from the existing ones
General
are indicated by underlining in
POTS.
resent
acts as
Managers and which will black ink and by marginal notes. after the passing of the new Articles become General under the Agents acting
Directors.
Founders Shares.
I have already dealt with the pro-
posed new General Agents Agree
3. To place a limit of ten years ment, which has been and still is,
ed:
-
*
"All districts south of the COMMUNISTS AGAIN, Hwai River are now completely cleared of Northerners.”
General Ho Ying-ching inspect- (a) The said fifteen shares ed the Nationalist defences, of shall be called "Founders' Pengpu to-day which will hence- shares" and shall be issued forth be his headquarters.-- in accordance with Clause Reuter.
SIXTY-FOUR ARRESTS IN
CONSTANTINOPLE.
PAMPHLETS FOR WORKERS.
Constantinople, Yesterday.
64 Communists were arrested as
12 of the General Agents" [Note: Capture of Pengpu as Agreement referred to in claimed by the Nationalists means the result of investigations after resolution No. 3 hereof, that they have progressed 120 the discovery of Communist pamph- That each Founders' miles from the north bank of the lets that were being distributed to share shall carry with it Yangtsze.] the following rights:- (1) To receive by way of dividend
(b)
ers.
Another Offensive.
Nanking, Saturday.
one/ninetieth part of the total Preparations for the resump- amount declared divisible by tion of hostilities against the way of profits to the sharehold-Northerners appear to be in the making. Nationalist troops are (2) Shall rank as equivalent for arriving at Nanking in large num voting power to 1,000 ordinary bers from the South, and no re- abares of the Company.
presentation having been made,' (3) Shull in the event of the Com-a proclamation has been issued pany being wound up and the by the authorities warning sol- ordinary shareholders censing cliers not to occupy foreign pro- to retain any interest directly porty.-British Naval Wireless. or indirectly in the business of
Shanghai Labour Troubles. the Company in any manner
Shanghai, Saturday. whatsoever as a going concern Labour unrest appears to be in-
workers in tobacco factories.
Several employees of the Arcos Company nre said to be implicated. A Greek Communist le among the alleged leaders of the movement.—
Reuter.
FATAL QUARREL..
BOY CHARGED WITH MURDER OF SCHOOL MATE.
CRIMINAL. SESSIONS CASE.
In the small Court (before Mr. be entitled after payment to creasing and continual strikes J. R. Wood), the trial commenced the ordinary shareholders of are taking place. The Settlement at the Criminal Sessions this the fully paid up value of their is quiet, situation being normal. morning of the Chinese youth shares (but without prejudice-British Naval Wireless.
amongst
CANTON'S COUP,
Effect on New. Nationalist Alliances.
who is charged with murder of
another school boy following a squabble and a fight between them at Kowloon City on Septem- ber 6.
Mr. H. K. Holmes prosecuted for the Crown, and Mr. N. Brewer defended.
.
in any way to the rights of the dissentient shareholders under Section 185 of the Company's Ordinance 1911 which dissan- tient shareholders shall include the holders of Founders' shares if they do dissent) to have equally distributed
The coup at Canton has had Evidence was called, including them the sum of $150,000 or great influence on Nationalist that of Dr. Newton, Dr. J. E. such lesser sum as may remain polities at Shanghai and Nanking. Dovey, and Dr. Cannon, the latter over after making the afore- During the week-end, it was of whom stated that he had had said payments and if after stated that because. Mr. Wang the prisoner under observation making the aforesaid pay-Ching-wei is suspected of having and was of opinion that his intel- ments there shall still be a gurincited the Ironsides to over-lect was below normal and that he plus for distribution then one throw General Li Chai-sum, Gen-was slightly slow-witted. Chiang Kaishek will not The case is proceeding. sixth of such surplus shall be eral equally distributed amongst now ally himself with Mr. Wang.
them and the balance paid to
the ordinary shareholders.
Later news was that there was to be an alliance between Chiang
Mr. C. B. Brooke seconded and Kai-shek, the Leftists under Mr. CHEUNGCHOW NOTES the resolution was earried. Wang Ching-wei and the Kwang-
That concludes the business of si military faction.
[From Our Own Correspondent.] on the period of the appoint-open to inspection by Shareholders, the meeting and the Chairman That the star of Chiang Kai-
There has been a further ment of the firm as General and as regards the increase of thanked those present for their at- shek is again on the rise is Agents so that at the end Capital by the creation of Found- tendance and said: As you are indicated by the assembly at exodus of Missionaries from the of ten years its emoluments!
era sharca, it is one of the terms aware, the notice convening this Foochow (between Shanghai and Island. Dr. and Mrs. Hayes have reuse altogether and it then of the agreement in question that meeting also convenes a Second Ex-Canton) of several units which left for America and the Rev. Lowe and his family have inoved participates in the profits of the Company shall, when altering traordinary General Meeting for the have always supported him.
New Leftist Understanding? to Canton. the Company in substitution
the memorandum of Association, purpose of receiving a report of
One. such is the army
On November 11 the event of for drawing commission on
create fifteen fully paid up Found- the proceedings at this meeting, and income.
ers shares of the nominal value of of confirming, if thought fit, as under General Chien Ta-chun the village was the opening of a $1,000 each and that such Found- special resolutions the three resolu- who was Defence Commissioner sort of "Merchants' Club," one of of Canton until he moved to the highest and most elaborate
I might usefully reiterate what
ig contained in the circular state-
from Swatow to Foochow.
Li Chai-sum's views on the coup are not clear but it is appar- ent that he is placing himself in
One of the oldest householders. has just sold her property, No. 26, to Hong Kong people.
Owing to the strong blow on
ment and point out that when theers shares shall be issued to Shc- tions Nos. (1) (4) and (2) which Swatow: He has now marched houses on the main street. agreement and articles were en-wan Tomes & Co. as compensation have just heen passed as Extraor tered into it was not foreseen for and in consideration of their dinary resolutions which second either by the general managers or giving up the General Managership meeting will, as indicated, in the by the shareholders. that their of the Company. The said Found-notice, be held here on Friday, the terns might operate onerously on era shares are to be issued on the 9th December next at noon, and the hands of others to recover Sunday the launch did not make | the Company and that the form 1st January, 1987, or, at such prior shall be glad if you will kindly at- from the Ironsides what he has the afternoon trip, but the week- of control was unsuited to a Life time as Shewan Tomes & Co. cease Lend sare. Assurance Company, but when to be the General Agents of this was realised in the early days Company.
the
I do not think there is anything of the Company the general mana- gers offered to modify their rights further with which I need den! at so as not to hamper the Com- this meeting, but if any sharehold- pany's progress, and an expert ers would like to ask any question opinion was taken in London on or sock any explanation, I shall be the subject as log ago as May pleased to endeavour to answer auch questions and give such explanation 192.1.
to the beat of my ability. No Drastic Changes.
-
YOUNG BURGLAR. ·
ROBBERIES ON TWO NIGHTS.
FOUR MONTHS' JAIL.
lost..
end visitors were able to leave Meanwhile there is talk that at 7 p.m. the Nationalist peacemaking con- Various building operations and ference at Shanghai may not be repairs have been carried out held.
during the month and further al- Overnight cables hint at a pos-terations are contemplated on sible alliance between the Iron- some of the houses.
sides of Canton and the defeated We welcome Commander and Wu-Han army which is holding on Mrs. Littledale, who will be in re- A Chinese youth was this to the south of Hunan province. sidence in No. 23 for some
Shanghai, Saturday. months. morning charged before Major If no questions are asked or ex-C. Willson at the Central Magis- General Chiang Kai-shek, marriage has been
PLAGUE RESTRICTIONS..
It was thought inadvisable to: make any drastic change until the planation sought, I shall assume tracy with bulgary in West whose to December 1, Company had developed some that you approve of the draft new Point on two consecutive nights. postponed
It is officially notified that quaran In the first instance he was informed foreign Pressmen this what further but in the mean- memorandura and draft new articles
of the proposed charged with breaking into the afternoon that he has decided to time restrictions have been imposed time the general managers agreed as presented and
the Nationalist Re- against arrivals from Sourabaya on to accept half the amount due to General Agents Agreement and in ground floor of No. 127 Des return to them under their agreement and crease of capital and will thereupon Voeux Road West and stealing one volution, in compliance with the account of Plague.
pen popular demand, as an important in fact have received far less than propose separately the resolutions silver watch, one fountain they would have drawn as profits regarding the same which are set and one pair of spectacles, worth member of the Central Executive ,fpm their valuable insurance de-out in
partment which was turned over meeting. to the Company and which en- abled the Company to be formed. With regard to object 1 in the statement, the new articles pro- vide for the election of a board of directors and it is proposed that the present consulting committee shall form the first board with
the usual provisos for retiring in -Motation at General meetings.
the notice convening this altogether $187. He admitted Documents Signed.
NOTICE.
NOTICE.
CHANGE OF NAME.
Committee of the Kuomintang, stealing the probably in a quasi-roilitary capa- watch and fountain pen, but de-city.
He expressed his belief that The Chairman thereupon signed nied taking the spectacles.
The second charge was break-the Kuomintang conference (in) copies of memorandum, articles and
ing into the ground floor of No. connection with which prelimin- agreement for identification.
As there were no questions the 94 Wing Lok Street on the night ary conversations are already
TE, The Undersigned, hitherto Chairman proposed the following of November 18 and 19, and steal-proceeding) would result in the
business да Resolution as an Extraordinary Re-ing 14 pieces of clothing worth unification of the Canton, Nan-W, The Undera
Architects, Civil Engineers and It is understood that General Surveyors, under the firm name of CO..hereby (1) That the previsions of the belonged to six different persons. Chiang Kai-shek and Mr. Wang AEDOOLRAHIM &
at their meeting notify that as from the 21st Company's memorandum of As- The accused admitted taking Ching-wei sociation with respect to ita ob- only 11 pieces of clothing and the reached a mutually satisfactory November, 1927, the said business jects be altered so as to read money. He denied knowledge of understanding-Reuter. as shown in the print signed the gold buttons.
The consulting committee feel that in shouldering the greater responsibility as directors they should have under the articles the right to have always a technical] - insurance expert as manager of the Company directly acting under their instructions responsible to them, and appointed by them on a short term agreement not ex- ceeding five years.
Effective Control.
It is provided that the General Agents and the Manager act Joint- ly under the instructions of the Board, This arrangement makes : for effective control and also for continuity which is very desirable from the Company's point of view. It is proposed that the present Manager be re-appointed by the Directors.
solution, namely:-
$22, five gold buttons worth $25, king, and Hankow cliques. and $30 in money. This property
Mrs. Sun Yat-sen.
Canton, Saturday.
will be carried on under the name & style. of HALL & HALL4 Archi- tecte, Civil Engineers and Sur-
WILLIAM HALL, B.Sc. Eng.
GEORGE ALBERT VICTOR
HALL, B.Arch,, A.RI.B.A.
for the purpose of identifica- The Magistrate accepted both
Mrs. Sun Yat-sen has been re-veyors at 34 Queen's Road Central.. tion by the Chairman of this pleas and sentenced the accused meeting,
to four months' hard labour on quested to return to China imme- The Resolution was seconded by each,charge after Sergt. Whant diately to attend the fourth Mr. Wong Kit-wan and carried. had proved a previous conviction. plenary session of the Kuomin Mr. Allan Cameron then propos- A sum of $27.77 which was tang which is to be held shortly in
found on the accused was order-Shanghai.
ed:-
(2) That the new Articles already fed to be returned to the second The request is made in the
approved by the meeting and complainant.
for the purpose of identifica-
tion subscribed by the Chair-
name of "all classes of women"
in Kwangtung province, a mass. TRUE TEST OF MERIT.. meeting passing a resolution to You judge a man not by what he such effect..
Mrs. Sun Yat-sen, is travelling
man thereof be and the same promises to do, but by what he has
are hereby adopted as the Ar-done. That is the only true test.in Russia but she has not renounc- ticles of the Company to the Chamberlain's Cough Remedy judgeded her positions in the Kuomin- exclusion of and in substitution hy this standard has no superior.
for all the existing Articles Touple everywhere spent of it in the tang and the Nationalist. Gov. highest terms of praise. For sale ernment. "Hong Kong Evening thereof,
everywhere.
Post"
34 Queen's Road Central. Hong Kong, 21st November, 1927.
POLAR CAKE
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Columbia
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IT ALL DEPENDS ON YOU
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PERHAPS YOU'LL THINK OF ME
...
(SHE WANTS PERSUADING 4374 WHEN AUTUMN LEAVES ARE
FALLING
SCRATCH
**
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Ice House Street.
SIMOND'S LIGHT PALE ALE
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Tel. 0. 75.
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