Fours for "Plus the feet
What are they?
They are shoes which actually combine extra smartness with extra comfort.
In addition to the usual stock sizes and fittings K Shoes are made in "plus" fittings which have heel parts one fitting narrower than the foreparts. The result is plenty of room for the toes and a neat trim fit.at the heel.
K SHOES
Black, Tan and
Patent leather
from $19.50
Less 10% discount for cash
Mackintosh
MEN'S WEAR SPECIALISTS
ALEXANDRA BUILDING.
& Cof
•
DES VOEUX ROAD
SAY WHEN?
NOW - and at any time when Quality is the first consideration-the call is
"King George IV
The Scotch Whisky of Good Taste'
SOLE AGENTS:
GANDE, PRICE & CO., LTD.
TEL. C. No. 185.
GONG TONG
WHITEAWAYS
GREAT
LAST
SALE
FEW DAYS Feb. 1st to Feb. 9th. HALF PRICE
BARGAINS
IN
MILLINERY, DRESSES COATS
MATERIALS,
ETC., ETC.
DO NOT MISS THESE WONDERFUL OFFERS
Sale Ends Positively Saturday, Feb. 9th.
WHITEAWAY LAIDLAW & CO., LTD. HONG KONG
THE HONG KONG DAILY PRESS, MONDAY, FEBRUARY 4th. 1929.
HONG KONG & SHANGHAI BANKING
CORPORATION.
NEW ORDINANCE TO BE SUBMITTED TO LEGISLATIVE COUNCIL.
TO BRING CONSTITUTION INTO LINE WITH LEADING BRITISH BANKS,
A shareholders meeting of the Hong Kong and Shanghai Bank- ing Corporation, held in the City Hall, on Saturday morning, passed an important resolution, authorising amendments to the Bank's Ordinance and Deed of settlement by the Legislative Coun- cil. The Bank's present period of incorporation expires in August, and it is considered desirable that the Legislative Council should be asked to make the incorporation permanent,
The capital of the Bank is to remain what it is but powers, are asked to add to the capital it though necessary and with the Government's consent, to $50,000,000. Other proposed changes were touched upon by the Chairman and are set out at length in the new Ordinance and the new Regulatione.
The changes, said the Chairman of Directors (Mr. A. H. Compton) had become necessary owing to the unforeseen, develop ment of the Bank by its original founders and will bring its coa- stitution into line with those of the principal British Banks.
The Now Ordinance.
MURDER AT SHAM SHUI PO.
CHILEAN. WOMAN'S TER- RIBLE DEATH.
The cries of a baby led to the discovery on Saturday afternoon of the murder of a Chilean woman living at No. 28, Pel Ho. Street, Shum Shui Po... The women was found lying in her bed with a ter- rible gush on her forehead.
The continued bawling of her six months old baby boy aroused the attention of neighbours on the floor above.
The husband of the deceased, Mr. Fung Fat Cheung, master of the Chung Wah Knitting Company, was stated to have been in Hong Kong collecting accounts." Two cther Chinese women who lived in the same flat were stated to havo left the fat at 1.30 p.m.
A neighbour living on the floor above
called out, asking..why the baby was crying. Receiving no re-
Mr. A. C. Hynes read the follow the proposed Ordinanen. if passed;ving in bed, her face smothered i
ing resolution
Clausa 6 provides that the objects of the Bank shall be the carrying on of the businees of banking and as ancillary, thereto, the other busi
KAIPING HOUSEHOLD COAL
In Lots of not less than
ton-
Delivered to Peak District (above Bowen Road), $28.00
per ton Delivered to Bowen Road and Lower Levels, $21.00 per ton. Delivered to Pokfulam Kord, $29.00 per ton. Delivered to Kowloon,
$19.00 per ton..
Note Reduction in Prices.
Por Prion Apply to
Orders: should be sent›| in writing not
by faléphone
at least 24 tones before the Goal is required.
All orders must be 6- companied by Cash, Cheque,
or Compra-
dore payable
Order
"to
The Kallan Mining Ad- ministration."
THE KAILAN MINING ADMINISTRATION
DOUWELL & CO., LTD.. 'Agents, Hong Kong.
FOR YOU?
UNCLAIMED CORRESPON. DENCE, ETC., AT THE G.P.O
with blood. The alarm was given and the police az once notified.
"The deceased's Christian naine was Marie, and about 40 years of ago. Her husband is a 'returned emigrant fram South America. There are marks on the woman's hand which suggest that she must A General Post Office notification, have struggled with her assailant.isated on Saturday, gives the foi
THE OFFICIAL LIST FOR SATURDAY.
ply the woman went down to the ARE THERE ANY LETTERS should now be made permanent and fat where she found the deceased' provides by Clause 3 for this.
The new Ordinance provides by That the Directors of the Clause 4 that its provisions and the Hong Kong and Shanghai Bank-Regulations for the time being ing Corporation be and they are shall bind not only the Rank and hereby requested and authorised the shareholders, but also third by and on behalf of the share parties. holders of the Corporation to take all auch steps na may be necessary for the introduction of an Ordin ance into the Legislative Council of the Colony of Hong Kong, and the Governor of Hong Kong with contained in No. 3 of the Regula
unclaimed correspondence, eis, the advice and consent of the tious. The objects so defined in Re Legislative Council thereof, in.gulation 3 are such as to enable
Pollock, K., and also include unclaimed radio telegrams at the the terms of a print which, for the Bank to carry on, not only all. reviced by the Hon. Sir Henry waiting at the Post Office, and also the purposes of identification, has the different branches of banking, certain suggestions which have been Radio" Telegraph Office:-
but all those ancillary matters made by the Attorney-General, the been signed by the Chief Manager which the exigencies of modern com-
Hon. Sir Joseph Kemp. C.R.E., of the Corporation, in substitu tion for the existing Ordinance/merce and finance necessarily im.K.C., and they have been approved. (except as in such print is man. tioned) and Deed of Settlement of the Corporation.
THE RAILWAY - MOTOR COACH MISHAP.
DUE TO BROKEN AXLE.
1
<
The Colonial Secretary has for warded the following report on the accident which occurred to the Railway Motor Coach on the Kow- loon-Canton Railway on Saturday, January 19th --
An enquiry into the cause of the
for the enactment of the same by nesses and objects set forth and Nothing was stolen from the house.lowing particulars with regard 30 derailment of a motor coach which
A note added that copy of the proposed New Ordinance can be ecea during the usual banking hours at the Head Office of the it the offices of Corporation or
pose upon large Banking houses.
by the Secretary of State and the The existing capital of the Bank Lords of Commissioners of His will remain as it is, with power. Majesty's Treasury and by the with the previous consent of the Governor of Hong Kong. It is, Governor, to increase the same to a therefore, to be hoped that the share suin not exceeding 850.COD,000. holders here present will unani
Clausea and 9 of the draft Ordio-maualy support the resolution which ace make certain provisions as to I am about to propose. As soon as
occurred at Mile 10 on the Row-
January disclosed that the accident loon-Canton Railway on the 19th
was due to the breaking of an axle, Poste Bastante Correspondencs,
that the track was in good condi- Asiatic Motor Co., Jean Accangse, then and that the speed of the Dr. C. Barreda, W. N. Brewster, motor coach at the time was L Barret, Mrs. Bridge, Cháu Sum normal No reason for the break- Chuk, F. R. Corson, A. G. Corbin, age can be assigned, all the axles Madame Clerget, W. Durrant, Mrs baving been taken out for examina Dorling. E. R. Davis, Miss Idation as late as November 7th, 1928
Brakeman's And Driver's Good Durevitzkoy, Mrs. M. Griffiths, J.
Work T. Graham. J. F. Hill, E. or L. Hangan, Mrs. N. Hoyang, W. D. Hallowes W. E. Johnson (Fussy fished tant after seeing the pas Foot), Mrs. Ed James (Methodist engers freed the brakesman, al- Mission), E. H. Locke, Miss W. though aurt, hurried to an emer Leung, J. H. Burkill Lee, K. G. Mann (Mark, Moody, Fed, Inc.), Sency telephone a mile away and reported to headquarters 21 minutes H. L. Morris (H. Exposition ton) said:-As you are aware, this provision with regard to the note of the Hong Kong and Shanghai Marriott, L. C. Vander Meulen, did everything possible to check I now propose that the Directors Grounds), J. Macdonald, Miss J. after the occurrence, that the driver isete and the security, therefore, and the liabilities of shareholdere Banking Corporation be and they A Mohler, R. R. Marsh, Mrs. ped at the first sign of something The are hereby requested and authorised March, Mr and Mrs P. McCor-turned ho abat off the petrol and wrong and that after the coach over- in connection therewith.
by and on behalf of the Share mick, K. J. Manners, Miss. C. Mor
of the to take gan, Ngo Nam E. H. the enactment of a new Ordinance diminished and the liability of the all auch steps as may be necessary Norman Parker, A. Philip, Phi that immediately the accident was
With regard to the action taken ·
Messrs Jobason, Stokes & Masters, the alteration and re-organisation | the resolution has been proposed Harris, O. H. Hulme, Capt. B. after the derailment, it was estab Solicitors to the Corporation, and in the Bank's Shanghai office.
THE CHAIRMAN.
The Chairman (Mr..A. H. Comp-
meeting has been called in order that the shareholders of the Cor 'poration may authorise the Direo
of capital, which might possibly in and seconded, T. shall be pleased to the future be useful, applicable to to answer to the best of my ability any questions which shareholders may wish to ask,
the Bank.
• Nota Issum And Security. The new Ordinance contains duc
the Motion...
to amend the present constitution proprietors remains the same. The of the Corporation. You will ob period of issue of notes by the Bank for the introduction of an Ordin serve from the notice, which has just is limited to July, 1939, the re- ance into the Legislative Council been read, that a copy of the pro-sult of instructions from the Secre of the Colony of Hong Kong and posed Ordinance could be seen dar, tary of State. The period of the for the enactment of the same by ing the periods specified at the note issue of the Chartered Bank the Governor of Hong Kong with Head Office of the Corporation and of India, Australia and China, and the advice and consent of the Legis at the office of the Corporation'e of the Mercantile Bank of India,lative Council thereof, in the terms solicitors in Hong Kong and also Ltd., is restricted to the same of identification, has been signed of a print which, for the purposes at the office of the Corporation in same period.
by the Chief Manager of the Cor- Shanghai: This is sufficient to
poration, in substitution for the comply with the existing require- ments. As a matter of fact, how.
ever, a copy of the proposed new Ordinance has been sent to every branch of the Bank and share holders have been given a full opportunity of persuing it at all places where there are branches or agencies.
oxisting. Ordinances (except as in such print is mente Corporation of Beitlement of the
Mr. Pearce seconded.
Mr. Alver said :-I should like to
motor ambulance and Art Furniture Co., R. S. Pratt, P. reported Ripley, Tom Russell, Capt. J. V.motor cara were sent for the relief of passengers and the breakdown Reed (4.8. Suspath), A. H. Rennie, L Savitzky, W. D. Smith, Miss A train was ordered ont. A shuttle Smedley, D. Stewart, J. Trillat, J. service on each side of the derail- F. Wright, Mrs. Withnell, J. C. was instituted, but, owing to Walters, R. Wallace, L. Willeborts, the cutting in which the accidens."
entirely . M. Wilson, N. Williams. H. E. Watson, H. A. Wimbe, W. occurred being almost
blocked, the transfer of passengers was pecessarily a slow process and by the time one exchange Wai made, the wreckage was cleared and the track repaired auficiently to allow trains to pass over slowly.
Unpaid Correspondance, Miss Shura Ganin, A. G. Hewitt, A Hornby, Mrs. E. C.. Humphrey, A. de Bazanas R. Kunold, Robert
P. Merchant, Mrs. ̈E. D. D. Mer-
chant, L. Nikels (H.K. Hotel), Miss A. Todd....
Liability Of Shareholders. ・・ Clause 12 relating to the liability of shareholders on the dissolution of the Corporation includes in simplified language the combined provisions of Section 19 (6 and 6) and Section 5 of the Ordinance of have some explanation in regard 1836, and the Regulations also to Clause No. 7 of the proposed Bill enable the Board of Directore to do now before us. I refer particularly Bedikton Publicity Co., J. S. Ban- everything necessary for the getting to the last two lines thereof, viz.nett, W. F. Barnes (H.K. Hotel), in and disposing of the property. to a total amount not exceeding Boster & Co., Commercial Guar
the sum of $50,000,000."
and discharging, so far as the assete extend,
debts and
the
"Objects And Reasons," Attached to the print of the new Ordinance and the new Begulations in the Schedule thereto (which Reliabilities of the Bank and distribut gulations replace the present Deed ing amongst the shareholders the of Settlement) you will find the surplus naaste of the Bank and "Objects and Beasons" a Table finally winding up and closing its of Correspondence between the new affairs. This Regulation replaces Bill and Ordinance No. 2 of 1806 Art. 208 of the Deed of Settlement. and Ordinance No. 2 of 1924 (which latter Ordinance increased the limit of contract, and Clause 14 as to Clause 13 of the Bill as to forms of the Note issue), and a Table of Rills of Exchange and promissory Correspondence between the Regula nates merely define what is the tions and the existing Deed of existing practice of the Bank. Bettlement, which explains the rea sons for any alterations made by the New Regulations.
Registered Articlón, ten
antor Bank, W. Dift (H.K. Hotel),
I do not know whether this is J. M. Guttierres (Bedikton Pub- piece of modesty on our part, but licity Co.), Madame Garonsone, P. at the rate this Bank is growing Goust, Mame., E. Jenner, Hans I am of the opinion that his Lotje. (H.F. Hotel), M. J. E. amount should be stipulated as not Mitchell, Harry Ross (H.K. Hotel), exceeding $100,000,000, thus provid G. B. Smith. ing for whatever further capital we may require for the expansion of the Bank's business for many more years to come.
not!
Those Present
The Chairman : We have the power to increase the capital from twenty million dollars to fifty Under the existing Ordinance the million. This proposal does not amount of the accommodation which preclude us in the future from in- may be given by the Bank to a creasing the capital, with the sanc- In the year 1866 when the original Director or other officer of the Bank tion of shareholders, to any amount. Ordinance was passed, (the Deed of Settlement being executed in the restricted. Under Clause 15 of A hundred million dollars is look- following year), no one contemplat- the new Ordinance the amount is ing rather far into the future, is it ed the important position which yet further restricted. the Bank has since attained in international finance and the vast amount of world-wide com- merce with which it is now con- nected. And although the Ordin ance of 1886 and the Deed of Settle ment have been amended to a cer- tain extent, it has been felt for same considerable time past that the Ordinance and Deed of Settlement ought to be thoroughly brought up to date and that the constitution. of the Corporation should be brought into line with those of the principal British Banks.
Clause 16 and 17 provide that in certain eventualities the Bank may be wound up by the Supreme Court, in which event all the provisions of the Companies Ordinances with respect to the winding up of com- panies shall apply to the Bank.
Clause 18 makes the necessary re pests and preserves the original in- corporation of the Bank.
Regulations.
With regard to the Regulations, little need be said except that they have been drawn up in accordance with the modern forms of presed-
Mr. A. H. Compton (chairman of directors) presided and was sup- ported by Mr. N. S. Brown (deputy chairman), Mr. B. D. F. Beith, Mr. W. H. Bell, Mr. B. Lander. Lewis. MI. W. P. "Fattenden, Mr. C. G. 8. Mackie, Mr. J. A. Plummer, Mr. T. G. Well, Mr. H. P. White (directors), ond the Hon. Mr. A. C. Hynes (chief-manager),
Shareholders. present were: Mra Blair; the Hon. Sir Henry Pollock, K.G., LL.D., the Hon. Mr. W. E. L Shenton, Mesars. T. E. Pearce, C
UNCLAIMED RADIO
TELEGRAMS..
The Administration of the Rail- way desires to express regret for the inconvenience and hurt caused to those concerned.
ELLIS KADOORIE SCHOOL.
DISTRIBUTION OF FRIZES ON SATURDAY.
The annual prize giving of the Ellis Kadoorie School for Indians, was held on Saturday siternoon.
The gathering was presided over by Mr. A. el. Arculli, who was sup- ported on the platform by Mr. Address
From.
Bishen Singh, acting head master ; .....6.S. Korea. the Hon. Mr. E. D. C. Wolfe, Commerce.................. Ng Tai Noon Sandakan. C.M.G., and Mrs. Wolle, Mr. A Kick Shaw..... Empress of France. E. Wood, Director of Education, Neverorgan Yep Teng Eng Hoh Hong
Batavia Mrs. Woed, Mr. and Mrs. R. Sutherland, Mr. and Mrs. A. T. Bankin
Amoy Hamilton, Mr. E. Ralphs, Inspec Canton. Peacock .............
Sandakan. tor of English Schools, and Dr. H..
ci Arculli..
Hanoi. Tchekan. Chalon.
Mdn Pai Wah Trinhxuandue Wing Cheung... Waterfall Fook Cheung Poulterrer...Thiekan.
ST. JOHN AMBULANCE
BRIGADE.
WEEKLY VACCINATION
→REPORT
Headmaster's Report. Mr. Bizhen Singh the acting beadmaster read his report in which he said inter alia.
The maximum enrolment was 117.
On February 15th Mr. Butherland was transferred to Education Office, and I have been acting as Head Master in his place. There have į been no other changes in the staff.
Discipline continues to be very good. The assistance rendered by the prefects in maintaining dis
In the cipline, during recess and tiffin hours is of great value.
The number of Chinese vaccinat- Subject, of course, to the wishes ents used by banking companies and E. Towns, Ho Kom Tong, C.B.E., ed-free of charge-by Members of John Arnold, A. Niseim, M, Mantk, the Ambulance Brigade, up to and of shareholders. I do not propose that they have been extended so as B, A, Dastur, E. D. Kotewall, D. including Thursday, January 31st Annual examination 100 per cent." to deal with the proposed Ordin- to meet all possible requirements V. Stevenson, E. 8. Abraham. D. 16: inco and Regulations in detail but of modern banking, finance and Lewis, D. E. Clark, Heary Hum- Chinese YMCA Division will only refer to the salient points. commerce, and generally speaking. phreys, J. H. Taggart, J. Fleming, King's College Division
Permanent Incorporation Bought. the Begulations are based on the
requirements which the Bank, by E. Joseph, S. J. Jordain, C. Railway Division The Corporation was originally its own experience, has found to be Bernard Brown. J. T. Bagram, J. Indian Division incorporation for the term of 21
necessary for the proper conduct. Wright, H. Dixon, J. M. Alves, Kowloon Division years from the date of the Ordin- of its business. They contain the G. Bird, D.8.0., K. 8. Morri Mongkok Division ance. This period has been en
son, Ho Ki, Fung Kong Un, J. Shaukiwan Division. inrged from time to time by the usual prohibition against lending Hennessy Beth, Chan Lim Pak, D. Un Long manumügen
of class 4 passed for the 4th year 27,504 out of a boys examined 88 passed, in succession. In the lower classes
27,347 this giving a percentage of 92.5 4,470 The boys, though comparatively 4,176 young, are very keen of games 101,169 cricket, tennis, football, and ping- 118,249
pong being their favourites. -
Physical drill is given every morning by the Police Instructor,
6,529
1,434
Governor, with the advice of the money.on the security of the Bank's M. Goodali, W. E. Van Eps. P. 8- St. Joseph's College Division": 6,574 whose services are kindly lent by
Legislative Council of the Colony, and the present pedied of incor poration of the Bank will, apart from the provisions of the propos od Ordinance, expire in August of this year. It is obviously desirable that the incorporation of the Bank
own shares.
430
059 the Captain Superintendent of Police. Undoubtedly its effects have been highly beneficial to the health of the boys
292,840
Cassidy, P. Kwok, B. L. Beton Victoria Nursing Division The Head Office remains, as here Winton, Be Wing, O. A. da RozYW.C.A. Nursing Division
-Ming, H. W. 8. Bailey Chan Shu tofore, in Hong Kong.
The Bill and Regulations have,g. Hills, C. I. Cookes, W. G. Funder the histractions of the Bank's Goggin 0-1 Elier AB Howarth
solicitors, been carefully drawn and M. Grayburn, Fung Bok Un, and A house to house vaccination.
(Continued on next Oolumn), K. E. Greig
| campaign is now in progress.
The prizes were diftributed by
Mr.Sel Arculli
11