Page
BRENTWOOD COLLEGE,
NR. VICTORIA, B.C. CANADA.
The Well-knowU BRENTWOOD HOTEL has now been Re-fashioned into
A MODERN HOARDING SCHOOL.
for BOYS OF EUROPEAN PARENTAGE between the ages of 13-18. (The City of Victoria and neighbourhood has many Preparatory Schools for Younger Boys).
HEAD MASTER-M H. P. HOPE, BA. (CANTAB.), (Late the "Headmaster of Cak Bay High School, which school has won
Prize of the British Columbia Department of Education for Discipline, Tone and Physical Training 1915, 1916, 1917, 1918, 1919, 1920, 1021 and 1922.)
Applications for Particulars and Adminission to:---
HEADMASTER, BRENTWOOD COLLEGE, LIMITED, VANCOUVER ISLAND, B.C.
HOLIDAY BOARDING SPECIAL FEATURE..
ELECTRO AUTOMATE
No
Refills
An Inexhaustible Bright Tight
Batteries or
Hand
Accumulators,
Watchman's
Size
Sizo
$10 $15
HONOKONG HOTEL CO.,
ELECTRICAL DEPT.,
PEDDAR ST.
SOUTH
MANCHURIA
THE HONGKONG DAILY PRESS, MONDAY, JULY
COMPANY MEETING.
THE HONGKONG HIDE AND LEATHER CO., LTD. PROPOSAL TO SELL PORTION OF
PROPERTY."
SHANGHAI LIFE INSURANCE COMPANY, LTD.
The "Directors' Report in respect of the year ending 31st December, 1992, states: The accounts show, the income and expenditure liabilities and assets relating A further extraordinary general meeting to the business in gold currencies separ of the Hongkong Hide and Leather Co., ately from the corresponding figures relat Ltd, was held at the Company's offices, ing to the business in silver, currencies. 67 and 9. Des Yeux Road Central, on The gold currency figures are couverted to Saturday at 12.13 for the purpose of con- sterling and the silver cürrency figures to sidering the sale either of the whole con- tae's at the parities and for purpose of portion of the land, belong this account the sterling and taël figures cern, or of a ing to the Company,
have, both been converted to dollars at the The chair was taken by Mr. A. G. [respective rates. of Exchange of £1s Coppin," who was supported by Mr. W. A. 20,1761167 and T. i=81.3761025 the Dowley (Director), Mr. D. H. Blake dollar figures being shown separately and (the Company's salicitor), and Mr. E.țin total in italics.
Applications considered during the year Pepperell (Secretarý).
The CHAIRMAN said :- You will ramounted to Tx 77,000 ($103,987.41) and umber at previous meeting Mr. | £20,000 (3244,873,02). - Humphreys intimated that an offer had been made for the Company's property, 18105;087.61)nit £20.00 (8211,817,87). at per square foot, including the plant The remainder were postponed or not and machinery, or is he expressed it, "the proceeded with or in course of enside- whole concern lock, stock and barrell," ation as at December 31st, 1929. ".
The total insurance in Force on st We have been working on this offer and have now got it into due form. We Snd December, 1022, aniounted to Tis. 3,008,107 that acerptance, after paying off our in. 784.221,134.23), £1,990,801 (818,324.301.92) | debtedness to the Bank and other creditors and roubles 23,000, of which policies toʻthis i would leave the shareholders about $5 amount of £82,025 ($207.616.43) wrro" re share for the $10 they had invested. The insured,
Policies, were issued for T19. $7,000
4
opinion of myself and others is that by: The income for the year amounted to the exercise of care in the working of our Tls 337,703.02 (8184,895.54), £210,373,258
181,030,47250) and roubles 213.40.
siness, and always depending on our being able to raise more working capital. The total assets now amount to Th. we can make a success of this tannery, 1,783,058.13) (80,126,824.12), £0:1) 1ST,889 | For this, and for other rensons, which I (88,355,791,69) and rouble 262,812.73. will mention later, I do not ask you to
(The total amount paid to policy-köhives | accept immediately this offer for our busi- gnd beneficiaries during the year amount. ness. In the course of further investiga. to Tia, 485,$17.00 ($611,990,03) and
| £146,841,423,($1,370,025.60). tions we find that we have more land on!
An agremett, with the Sun Life Assur- our property than is required for tax] business, and we have considered the aulance Co. of Canada, has been exte sted.. yisability of selling part of this surplus; which provides, inter alle, that the Sun land. The surplus cancunts to about Life of Canada shall assume all liability 46,000 square fret, for which, so far, we fude the life paliele, and numuity con have received an offer of $3.25 per square tracts of this Company, and for the may- RAILWAY foot. Tais will bring in roughly $150,000, ment by the Sun Life of Canada to the We consider that $150.000 additional liquidator or liquidators of the Shanghai working capital would he sufficient for Life Insurance Co., Ltd., for distribution our purpques, but we have to brating the shareholders of a sin erpaal
to the total of the following amounts :-- mind our indebtedness to the Bank cut
()The amount of the paid up capital of this new money. We should have to of the Shanghid Life Insurance Co, Ltd. pay the Bank, I consider. at least (.)-The sum to which the shareholders $100,000 to satisfy them, for the safe of of the Shanghai Life Insurance Co., Ltd.
are entitled as at 1st January, 1929, desi a portion of our property would naturally gribed in the balance sheet of the Shang redues the Bank's security We could get a Life Insurance Co., Ltd., as Share- somewhere in the neighbourhood of from holders Reserve Final 2* and
to 85 per square foot for this portion (A further sum in respect of each of the land, which, fronting the mains, of four decimal four hve five (1.135) share of the Shanghai Life-Juaurance Co.. rond as it does, is, I consider, the pick tals, Shanghai Syee payable in Shang- of the property, quite apart from the hai."
ÖFERATING ALL LINES IN SOUTH Máxenunia and CHOSEN (KOREA) EART OF MUKDSM..
SUMMER HOLIDAY
RESORTS
SOUTH MANCHURIA AND CROŠE
HOSHIGAURA-Finest Seaside Summer Holiday Resort in North China. Five mila
from Dairen, but connected with the city by special motor and carriage road and slectric from was. Yamato Hotel (35 rooms) and is furnished bungalows in charming of garden Bathing, Boating, Fishing, Golf, Tanais, Billiardia, Orohestra twice a week. Capital place for children. OGONDAL Most beautifal and select Seaside Resort in the Far East. Two mile from Fu
Arthur Formerly the Summer Recort of the high Russian officers and officials, Tama Hotel and 20 villas and bungalows, mostly with detachel servants' quarters. Excellent Bathing, Wonderfal Scenery, Historie Battlefields, Rained and Dismantled Forts Miles to
Walks and Drives. Abundant Fienicing Facilities. Orchestra" twice a week charming Best place for
families.
A
DC Famous for its two memorable Sieges and is beautiful landlocke
Suficient place of historical and scenic interest to fill a month with a freak walk or drive every day Most healthy and rainbriona put in the Far East. KONGOSAN-The famous Diamond, Mountain of Korea. A special Samater Resort rivalling Switzerland for climate and scenery. Beautiful peaks and charming cascades Grand recuperative qualities. Kongosan Hotel (10 rooms) at On air and Chosuji Hotel (11 rooms) at Choenri."
All under the direct managemens of the BOUTH MANCHURIA BAILWAY CO. Hatrated Booklets and all Informasian porn free on request.
Applications may be sent boʻsha Hotel Managers at the various resorts or so
THE SUPERINTENDENT OF HOTELS Trafo Department Jable: Add. Mantsisu. BOUTH MAHUHURIA KAILWAY, Dairın.
C>160: A.B.O.5th Ed. Al & Edaberz.
DOUGLAS GRANT LTD.
KIRKCALDY, SCOTLAND
RICE MILLING
The largest and
most widely
„Sol Agenti in South China
MACHINERY
201
DODWELL & CO.,
EDOUX-SAMAIN
ELECTRIC LIFTS
Goods, Passenger or Hotor Garage FITTED WITH
Extra Bupple Cable, Strong Cabin, Safety Catches and Locks, Finished Artistically in Acajou wood. Splendid Equilibrium reduces Motor Motors from 1 to 60 h.p. Upkeep.
Sole Agents:
LEPACK CO., LTD.,
50-52, Queen's Rd. C.
experienced makers
in the world.
HONGKONG.
11
fact that our plant and machinery is on The agresment does not become absolute | the other portion. If so could get that until the completion of an agreement of a price, then with the exercise of a little more patience the Company will be in funds without any further call on the sänzcholders."
The CHAMAX proceeded to explain jtant they had three courses before then, | They could_consider the sale of the whole
concern,, or they could consider selling pertion of their land, or, thirdly, they could carry on the original course decided upon at former extraordinary meetings, viz., to divide up the "unissued shares of $10 each into shares of $4, thus dividing the capital into two classes of share, A shares at 810 and B shares at 25.
Mr. Foxo a shareholder). "xpressed the opinion that if the Company" could Trot pay, then the concern should be sold at once.
Mr. A. R. F. RAVEN proposed that the offer of Mr. Punk Ho (for the purchase. of the concern) be not necepted, and, für ther, that the Directors begotiate for the sale of the surplus land and procred to | raise capital to recommence work at the
Tannery.
similar nature between the Sun Life Assurance Co., of Canada, and the China Mutual Life Insurance Co., Ltd., and is subject to the approval of the Minister of Finance for the Dominion of Canada, and to the sanction of the High Court of Jastice in England, and to such orders being obtained from the Supreme Court in Shanghai, under Section 121 of the Hongkong Ordinaires, 1911, or any other relevant statutory provisions, as may be pressary to give full effect to the Agree ment, The sanction of the High Court in England is being sought, The approval of the Minister of Finance, for the Domin ion of Canada has been obtained.
The agreement, and the actuarial and other reports, together with a report by: an independent actuary, may be seen at the Head Office of the Company, by any policyholder, of shareholder."
* HONGKONG TRADE CHAMBER OF COMMERCE REPORT.
The fortnightly report issued by the Hongkong General Chamber of Commerce
Cotton Pires Goods and Fancy Cotton Goods-Since the last report a small business has been done in Grey Shirtings, Mr. Dowry seconded and the resoluVenetians and Batsons. Local values are tion was carried by a small majority.
This concluded the business of the meeting
COMPANY REPORTS. UNITED ASBESTOS ORIENTAL
AGENCY, LIMITED. E
unchanged but there is a firmer tendency) | Clearances are maintained
Cotton Yarn-Prospects in the West River look brighter now thata for some month past and in cooarquenco some! enquiry emanated from that quarter, re salting in an improvement in prices to the extent of 82 to $1 per bale. Quotations ure: No. 10s at $104 to $192, No. 129 nt 8172 to $202, No. 166 at $195 to 3206, No. 20 at 182 to $207. Arrivals, 1,000|
The report of the General Managers bates; shipments, nil, unler, 3,000 bales; {Messrs. Dodwell & Co. Ltd) for the year
ended 31st May, 1923, states in
The Lalance at the credit of profit, and loss, accanit, iucluding 84,416.13 brought forward from last year, is $24,031,55 which it is proposed, to appropriate as follow
To pay a dividend of co cents
on ordinary shares To pay a further dividend of 40 cents on ordinary shares To pay "830.60 per share on
founders' shares .......................
To pay a bonus of 10 cents on
ordinary shares
To pay a bonus of 839.60 per":
share on founders shares... To carry forward to new
accountin
$5,910.00
3,080.00
3,000.00
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel Control 338.
SOLE AGENTS FOR
“PUDLO
Makes Cement Waterproof-
FEUSOL"
The Immovable Fire Coment
8, Queen's Building
SALE NOW ON
Come Now!
"A FRESH STOCK OF
MANILA HEMP HATS
FOR LADIES.
Latest Styles,
Various Colours and Shapes
AT LOWEST PRICES.
Come Early
Don't Miss the Opportunity !!!
SWATOW DRAWN WORK CO.. 16. Des Vœux Road Central. Hongkong. P. O. Box 445. :
Telephone No. 2860.
YE OLDE PRINTERIE, LTD.
COMMERCIAL PRINTERS, ACCOUNT BOOK MAKERS, ETC. 14 QUEEN'S ROAD CENTRAL
YC LABRUM, Managing Director.
Telophone 3797.
ASAHI
BEER
ISPECIALLY BREWED FOR EXPORT
DAI NIPPON BREWERY CO.
LIMITED,
{TOKYO, JAPAN.
SOLE AGEN IS
MITSUI BUSSAN KAISHA, LTD.
HONGKONG.
BOWERN &
No 8, MUSEUM Roan, SHANGHAL
Members British Chamber of Commere» (Shanghai), Mr. T, W, BOWERN, Fellow of the Institute of Chartered Phipbrokers, Incer- porated by Royal Charter, London.
STEAMSHIP AGENTS AND SHIPBROKERE For the Purchase, Shlo sad Charter of Vermin
sad/or Old, with delivery Chins at Very Low Prices.
unsold stock, 11,000 bales; bargains, 8,000 HUA HIN HOTEL of any Tonnage Passenger and/or Cargo, New
bales.
Woollens There is no change to re
Perf
Raw Cottons.In the absence of stock, quotations are purely nominal:~~Indian staple at 35 to 840, Chinese grades at $17
to $45.
STAM Property of the Siam State Railway
Metals.-Prices unchanged; There are
A Hotel with up-to-date accommodation signs of a firmer undertone and the at this famous Seaside Resort is nearing market appears to be taking less persi
mistic views of the political situation completion and, when opened, Golf com 3,060.00 Very little business has been brought to petitions will be held on the Course adjacent
book but there is a decided increase in to the Hotel. 3,060.00 enquiries
(a) Open Amateur Championship dar- Flour Market Report-Stock About ing Chinese New Year.
(b) Handicap Competitions during 2,824.65 600,000 Backs Market dull. Quotations:
American Patent $3.00 per sack, American holidayas (A $24,001.55 Straight 22.00 per sack American Out() Week-end Competitiona.
off $2.90 per sack, Shanghai Flour, 2 The accourte now presented have been por back, Australia No. 1 32.00 per sack audited by Mr. C. Bernard Brown, "Bugar, Market quiet. AC.A., who, being eligible, offers hirasell Saltpetre-light improvement, sind for re-election.
last report.
Full particulars will appear later, and information can always be obtained from: the OESTRAL OFFICE, DEPARTMENT (OF. BAZE RailWare, Bangkok, Bjam,
11037
BALVAGE OPERATORE, MARINE SURVETOKE AUCTIONKERA, COAL MERCHANTS, FIGHT BROKERS, METAL MERCHIAMPIE, Machinery For Balo, New and Old in Fast- Class Condition.
tony
IMPORTIES AND EXPORTERS, SHAEK-BROKERS Members Shanghai Share-Brokers' Amocam
SOLE AGENTE VOR ÜRINA "GIZEN'S PATENT ANCHORA, “
SAMUEL WARREN & Co., LTD. (Sheffield 4. Figh-Claas Steel Manufacturers (Time)
Brand)
Catalogues and Price-Lista on application
Enquires Welcomed
CABLE ADDRESS Bower, Skargi
CODES: Bentley's, Sonit, A.B.C 5th Edition and Improd