Page
THE: HONGKONG DAILY PRESS, MONDAY, ¦ FEBRUARXA ÄTH,:: 1924, I
THE HONGKONG AND SHANGHAI
HOTELS, LIMITED.
N
TOTICE IS HEREBY GIVEN that An EXTRAORDINARY GENERAL MEETING of HONGKONG. and SHANGHAI HOTELS, LTD., will be hold at Tue Hosaroso Horti, Victoria, in the Colony of Hongkong, on WEDNES DAY, the 1978 DAT OF FEBRUARY, 1924, at 280 o'clock in the "AFTERNOON, when the subjoined Resolutions will be proposed as Extraordinary Resolutions:-
(1) "That the authorised Capital of the Company (which is now $5,000,000 consisting of 300,000 Shares of the nominal value of $10 each whereof 378,000 have been issued) be increased from $5,000,000 consisting as afore- said to $10,000,000) (emsisting of 1,000,000 Shares of the nominal value of $10 bach) by the creation of 300,000 additional Shares of the nominal value of $10 each ranking (subject as hereinafter mentioned) as from date of allotment for dividend and in all other respects pari passy with the Shares constituting the Company's present issued capital."
(2) "That la the first instance 375,000 Shares be offered at par (in the propor tion of one Now Share for every one Old Share held by them respectively) to the persons who on the date of the confirmation of this Resolution as a Special Resolution' are registered in the Company's Share Register as the holders of the 373,000 Old Shares, and so that on acceptance of the offer the cominal amount duain respect of such 575,000 New Shares eball be payablans to the Sum of $5 part thereof on acceptance of such offer and an to the balance thereof on the 30th day of June, 1924. And farther that until such time the said $75,000 Now Shares stall be fully paid they shall nis-a-vis the said 375,000 Shares, rask for dividend, only in proportion to the ratio borne by the amount paid up thereon to the full nominal Talus (810) thereof, and that any of the said $75,000 new Shares which shall not be taken up by the Company's Shareholders in manner aforesaid be disposed of in such manner as the Company's Bard of Directors aball think fit"
(3) That such offer by made by Notice specifying the number of Shares to which the member is entitled and limiting a time within which the offer if not accepted by the member on behalf of himself or his nomines will be deemed to be declined and that the Directors be at liberty to fix such time and in the case of Shareholders wbone place of Address is not in Hongkong to extend it to such date or dates as they may think 64.7”.
(4)
That the balance of 250,000 Shares constituting the Company's Unissued Capital be issued at such time or times in such manner and for such purposes and upon such terms and conditions in every respect as the Company's Board of Directors may decide."
(5) That the Regulations contained in the printed document submitted to the Meeting and for the purpose of identification subscribed by the Chairman thereof be approved and adopted as the Articles of Association of the Com. pany in substitution for and to the exclusion of all the existing Articles ..thereof."
AND" NOTICE IS HEREBY ALSO GIVEN that a further EXTRAOR DINARY GENERAL MEETING of the Company will be held at the same place on THURSDAY, the 28th Day of FEBRUARY, 1924, at 2.30 o'clock in the AFTERNOON, for the purpose of receiving a Report of the Proceedings of the above.zentional Meeting and of confirming if thought it as "Special Resolutions. the above-mentioned Besolutions.
The TRANSFER BOOKS of the Company will be CLOSED from Thursday, the 1st day of February, 1924, to Thursday, the 28th day of February, 1924 (both days inclusive), during which period no transfer of shares can be registered.
The suggested new Articles of Association are similar to the old, subject to clerical alterations and to the following alterations of substance, vizi -
(1) The deletion from Article 71 of the words and holding or representing by
prozy not less than one-tenth of the issued Capital."
(2) The alteration of the minimum number of Directors to four and of the
maximum number to acven,
(3) The alteration of the remuneration of Directors to payment at the rate of Four thousand dollars per annum and such sums is a General Mesting may determine instead of the fixed sum of Three thousand dollars per annum and such sums as a General Meeting may determine.
(4) The alteration of the quorum of Directors to three instead of two. (5) The addition of Articles enabling the appointment by the Directors of a Local Board or Advisory Committee in any place at a remuneration to be fixed by the Articles and the appointment by the Directors of Local General Managers, Secretaries or other Assistants, delegates or Attorneys at a remuneration to be fired by the Directors.
(6) The addition of an Article enabling the Company to have an Official Scal
and Local Registers in places outside the Colony,
A copy of the Articles of Association of the Company with the said alterations and amendments incorporated and indicated in red ink or red print can be seen "during manal breiness bours at the Registered Office of the Company, Powell's Build- ing, Des Voeux Road Central, Victoria, in the Colony of Hongkong, and at the Shang- hai Office of the Company in Hongkong Bank Building, Shanghai, in the Republic of China.
Dated the 31st day of January, 1924.
*84]
By Order of the Board,
PERCY H. SUCKLING, Secretary.
REPULSE BAY HOTEL.
SPECIAL NOTICE.
CHINESE NEW YEAR'S EVE
DINNER DANCE
TO-DAY, 4th FEBRUARY.
Tables for above may now be booked at the
Hongkong or Repulse Bay Hotels.
THE HONGKONG & SHANGHAI HOTELS, LTD.
PIANOS FOR SALE OR HIRE.
TSANG FOOK PIANO CO.,
944, WAKOHAI BOLD. TEL. 9127.
OBITUARY.
HONGKONG SHARE MARKET
Mesars. Bnjamin, and Potts in their weekly bara report dated the lat inst.
ME. H. E. R. HUNTER.
Front a notice in a Home,paper of the death of Mr. H. E. R. Hunter, who for
There has been a good deal of activity thirty years was in the service of the in the local market during “the period Hongkong and Shanghai Banking Cor-under review, and notwithstanding the poration, in the Far East, we learn that interruption caused by the Settlement, and the near approach of the Chinese New he passed away very suddenly on the Yene holidays quite a fair volume of morning of December 31st"av 3a, Brook business has been put through. Street, London, W. He was apparently quito well on the evening of December 30th, when he had been out to dinner, and expired some time after breakfast the next morning whilst reading his correspondence.
Prices for the most part have been
well maintained, and in a few instances show substantial advances on the week
Banks-Hongkong and Shanghai Banks have continued their upward moment and they close firm with buyers at $1,143. The London price is £130 (middle),
Marine and Fire Insurances-Enions have again been placed at 8233 to 8237, but close lightly easier. Yangtszes have been done at 90. North Chinas aro wanted at Tls. 140 and China Firts at $140. Cantons are on offer at $795. Hongkong Fires at 8530 have remained stationary.
Shipping."Star" Ferries have crept up to a buying rate of 86. Douglas Sicam ships could be placed at 857 and Hong kong, Canton and Macao Steamboats at
$19.
Refineries, China Sugars are a shado Malabons at better and are enquired for at 8270 after transactions at this rate.
Mr. Hunter was well known in the City of London. being a director of Hambro's Bank, the Imperial Bank of Persia, a member of the London Com mittee of the Yangtze Insurance Asso ciation, as well as a director of several rabber and other companies. His head quarters, as it were, might be said to have been at the Thatched House Club, of the commitee of which institution he had been chairman since 1919. A member of the club since 1894, he will be greatly missed by many fellow members as well as by his colleagues on the committee.
He was unmarried, but leasts brothers 853 have not moved.
Oils and Mining." Shells" have ads! and sisters to mourn his loss, to whom we and all Mr. Hunter's old friends ex-vanced in London to 88/8 buyers and tead their sincere sympathy Amongst sales have been made, locally at 87/9. his sisters, who are well known in parts Langkats have receded to Tis. 33. There of the Far East, was Mrs McCallum and are buyers of Kalans at 60/-, Tronoha Mrs. May (whose husbands were both at 30/-, Ural Caspians at 14 and members of the staff of the Bank), Mra. Bangunts at P.2. Greig, whose husband was a relation of
Electric Companies-Hoogkong Elec-. the first chief manager of the Bank, and trics are wanted at 833) after sales at Mrs. Coverley One of his brothers, Mr. this rate. Hongkong Trams have been A dividend of Summers Hunter, O.B.E. occupied negotiated up to $7 leading position at Newcastle, and an- 31.75 per share has been declared by this other, Mr. J. Ellis Hunter, an exchange Company. China Lights have been book. broker at Shanghai, is now at home.
ed up to $15. The funeral took place at Teddington on January 4th. "Mr. Huntor was 64 years of age. »
MR. J. H. McMICHAEL, OF SHANGHAI.
Decks, Wharves and Godowns.-Hong- kong and Kowloon Wharves were dealt in at $175 at the outset, but hare since advanced to 9181. A weak tendency was shown by Hongkong and Whampoa Docks early in the week and business was done at 8155, but a sudden demand 3000 shorts" covering, which Very widespread regret is felt through see in owing to out the community of Shanghai upon the fifted the pries to 8153. Shanghai Docks news of "the death of Mr. J. H. Me hare fallen away to Th. 921, at which Michael, which took place at his residrate they could be placed. Hongke ence in Siaz Rond, on Monday evening, wharves are asked for at the improved January 29th.
price of Tls. 177. New Engineerings at Ts are quiet.
was
Mr. McMichael, says the M.-C. Daily Yeur, was among the oldest and most Lands, Hotels and Buildings. Hong- respected members of the community kong Lands changed hands in the b here, and there is to his credit a fine ginning of the weak at $110, but later on record of public service. He arrived in displayed weakness, and business Shanghai in 1887, and within less than done down to 8100 ex the final dividend 10 years of his arrival-in 1800-ho was of $31 just paid. They are, however, elected a member of the Municipal Coun- firmer again and buyers are offering cil. His work there was outstanding $107 Hongkong and Shanghai Hotels Previous to that he had become a pro have strengthened and are enquired for minent member of the General Chamber at the close at $99. Humphreys Estates of Commerce, and his public activities have declined to a buying rate of $25. were further emphasized by the fact that he was one of the members of the cem misalon appointed for the revision of the Land Regulations Subsequently be was responsible for the formation of the American Chamber of Commerce, to-day a very induential body in the community, and he was its first chairman. These are only some of the main features of his activities on behalf of the community.
MRS. FRANK. J. COURTNEY.
Cotton Mile has been, prae. tically no business done in this section. Ewas are wanted at Tis. 121 Orientals sock buyers at Ts. b. Shanghai Cottons are asked for at Tis. 60.
Miscellaneous. China Providents have, been bought at $971 and continue in re quest.Dairy Farms have been taken at #251 Green Island Cements were sold carly in the weck at 837, but soon relapsed to 36. The market, however, recovered at $37 on Settlement day owing to The death of Mrs. Frank J. Courtney Shorts" covering, but has eased off at Shanghai came as a great shock to again, and there do not appear to be any her many friends. She was taken to the buyers at equivalent; rates forward, General Hospital suffering from ptomaine although cash shares could be placed at poisonicg. Subsequently, symptoms of 217. Hongkong Ropes have beeû in good amall-pox developed and she was removed to the Isolation Hospital. Great hopes were entertained for her recovery as she was ordinarily strong as well as being young, but in her weakened condition she was unable to rally, Deceased was about twenty-six years old.
MR.
WILLIAM CHURCH.
demand and the price has moved up wards to $683 Peak Trams have beta) hooked at 8151 Union Waterboats have
en put through at $173.
Deals have been made in Watsons at 2 and Hongkong Reality's at 21 to 82. Wm. Powells a 820. Taxicabs, nt $1 and Sinceres at 3121 could be placed at quotations.
Forward Settlement Days-28th Febr Mr. William Church died at the General Hospital. Shanghai, after a long unty (Tuesday), and 25th March (Tues and painful illness.. Mr. Church was day), 1924...
81 years old and WAK one of the
On 1 2. AMO
QUALITY HAM!!
THERE
FLAVOUR OF
DISTINCTION
ALOITUR
WITH AN ENGLISH
...
YORK-CUT HAM.
A FRESH; CONSIGNMENT JUST ARRIVED
WHOLE HAM ...S1.10 per lb.
HALF
...$1.20
LANE, CRAWFORD, LTD.
PHONE 4567 (4 LINES).
M. Y. SAN & CO.,
PRESESTES CHOICE SELECTED REST YOUNG STEN SINGER THIS SIDE UP WITH CARE M.Y.SAN & CA
HADE IN HONG KONG
L1486-
од
L1493-
L1489
Exchange. The T.T. selling rate
2/3 and on Shanghai! oldest links with China, as he came London to-day
He 01.
to the East nearly 80 years ago. was first attached to Thorne Bros, now Maitland & Co. He was also an account. ant to the firm of E. H. Hunter & Co., in Kobe, for a great number of years and brought forward from last year's ac- was ako for some time with Brunner,
count, and after deducting all expenses
Mond & Co., Ltd. A few years ago, Mr. amounts to $550,103.50, which it is pro Church returned to England, with a view posed to deal with as follows:-
to settling down at home, but the call of the east" proved very potent and he returned to Chion within a year. He leaves a widow, who is living in Southamp ton in England.
COMPANY MEETING
THE BANK OF EAST ASIA, LTD.
To pay a dividend of $6 per share on 50.000 sharts absorbing.....
To pay a bonus of $2 per
Phare absorbing
$300,000.00
100,000.00
To transfer to reserve fund 250,000.00 To pay a bonus to Directors.
bolders of
hares and staff
To carry forward
founders'
61,690.94
138,41350
It is gratifying to note that the bank The fifth ordinary yearly meeting of has been able to hold its own in spite of the adverse conditions of trade and The the Bank of East Asia, Ltd., was held on business depression every shore. Saturday, the 2nd inst,at its registered office, f. 10, Des Vaux Road Central.
various deposits have attained a higher
Mr. Pong Wai Ting presided, and figure over that of the preceding year, there were present: the Hon. Mr. Chow indicating the over-growing confidenc Shou Son, Messrs. Li Koon Chun, Weng evinced by the commenity
Yun Tong, Mok Ching Kong, Fung Ping It is with deep regret that we have to Shan, P. K. Kwok, Chan Ching Shek, record the death of Mr. Ken Chin Nam Ng Chank Lak, Kan Ying Po (Directors), which occurred in Shanghai on 28th Kan Tong Po (chief manager). Li Ten October. I trust you will agree with me Fong (manager), and the following share that it is not necessary to elect a new! haldera-Mem. Li Koon Kang, Ling director in his place, as there are now Man Lai, Yim Pak Fon, Li Po Tin, Chow eleven on the Board, a number which we Chi Nam, Cheng Wat Man, Li Tang, Lot think aufficient, I now propose that the Hon Shan, Chow Tung Sang. Leung Shek report and accounts as circulated be To, Leung Yau Ka, Luk Chi Cheong, adopted, and that the balanes at credit Li Pak To, Tam Cheong Tsun, Ng Kes of profit and loss account, viz., 850,103.50,
Khong Loy, Ng Siu Shau, Chan be dealt with as proposed.
and Kwok Siu Lau.
"The motion was unanimously carried Mr. Kan Tong Po having read the on being seconded by Mr. Crew TUNG notice convening the mooting.
SANG.
J
.
Tho CHAIRMAN said:-Gentlemen,--You The retiring Auditors, Messrs. Percy will notice from the accounts which bave Smith, Beth and Fleming, were re-elected been in your bands for some time that nem, con, on the motion of Mr. Kwox the result of the bank's working for the Siu LAU, seconded by Mr. P. K. Kwox. your is satisfactory. I will, with your The meeting, terminated with the an- permission, take them as read. The pronouncement by the Chairman that. fit for the year including $138,937, 1e dividend warrants. would be ready on
(Continued at foot of next 'column)..
Monday.
MANUFACTURERS
OF
BEST PRESERVED
STEM CINCER.
4:
EST. 1850,
LTD.
SAN
HEAD OFFICE: No 99 to 100, Queen's Road Central FACTORY: Canton Road, Kowloon BRANCHES AT: Manila, Singapore, Shanghai,, Canton, China,
H
*
COLUMBIA RECORDS
PROCES
THE NEW QUEEN'S HALL ORCHESTRA.
(CARMEN" BELECTIONS,
·PARTS 1-2 (MANON SELECTIONS,
PARTE 1-1. [PAGLIACOI SILECTIONS,
PARTI 1-2.
L.1478-
(LOUISE SELECTIONS,
PARTS 1-2
(FINGALÉ CAVE OVERTURE,
PAITA
ANDERSON'S.
Powell
FOR
TELEPHONE 0.4578.
THE RACES.
SMART
MILLINERY.
COATS.
SHOES.
Ita