AN INTERESTING POINT,
Bankruptcy Law,
COMPANY REPORT.
THE HONGKONG TELEGRAPH THURSDAY MARCH 14 1012
Green Island Cement Co., Ltd.
At the Supreme Court, to-day. The following is the report for before Mr. Justice Comportz, the presentation to the shareholders Official Receiver made an appli- at the twenty-third ordinary cation for directions concerning general meeting to be held at the a bill of solo made out by Mr. K. office of the Genoral Managers on David, lato proprietor of the Kow-Saturday, March 30, 1012, at loon Hotel, aller bankruptcy pro- 11.30 o'clock.a.m.;—
ceedings had been commenced. Anuexed, we have the pleasure Undor section 27 of the Ordin- to lay before shareholders a state- ance it was provided, he said, that ment of accounts for the year all goods being at tho commence-ending December 31, 1911. mont of the bankruptcy in the After allowing for interest, possession or disposition of the auditors' and consulting com bankrupt were available for the mitteo's fees, writing off $0,070,- croditors generally. On October 78 for loss on a stom lightor 27 debtor gavo Mesars. Ruttonjen sold and a junk lost, providing and Sons bill of sale for his furni- for depreciation on buildings and two, the amount being $2,530. machinery, launches, lighters, oto.; On Jan. 25 receiving order the net profit, including the was made, and it was agreed that amount brought forward from this furniture was at the time in the previous year, amounts to tho possession of the debtor and $247,214.02, which it is recom of course the bill of salo did not mended should be applied us
follows: opórato.
Mr. F. X. D'Almada appiurad on behalf of the bill of wild holder and said that his Lordship could conador the mattor in chambers.
His Lordship said he had road the memorandum, and it seemed to him that the Official Receiver's
contention was correct.
Mr. F. X. D'Almadà consented to his Lordships' view and did not press his application for hearing in chumboys.
To be placed to Reervo
fund
To the writing off of certain
dend or doubtful as:ø's
$1,000,00
to the paying of a divalend
of previous years...... 85,887.27
Loving, to be carried for.
of 40 cents per share... 100,000.00
#877.05
ward to the credit of next year's account Consulting Committen.-Dur ing the year the Hon. Mr. II, Keswick resigned his seat on the The Official Receiver said that consulting committeo, and the in a former caso he had refuse! Hon, Mr. C. II. Ross was appoint- to give up some furniture saying ed in his place. In necordance thai thier was no established with the articles of association, custom in regard to hotel furni-Sir Paul Chator, C.M.Q., the Hon. Mr. G. H. Ross and Dr.
turo hore.
His Lordship: If Mr. D'Al-J, W. Noble retire, but beingeligi. nada wishes to have the issueblo, offer themselves for re-elec tried and can call evidenes with tion. regard to any mustom, I can Auditors.-The accounts haveO adjourn the matter.
been auditod by Messrs. W. H. Potts and A. O'). Gourdin, who are recoinmended for re-election.
Mr. D'Almada said that if his Lordship adjourned the matter ho would eco his cliont. Ho d not wish to put him to consider- able expones.
די
The Official Receiver:-It has been agreed not to have the issue triod.
Shewan Tomos & Co. General Managers. Hongkong, March 9, 1912. Statement of Accounts for the Year 1911.
Profit and Loss Account. Auditors' fo.......$ 600.00
His Lewdship: Then there is no objection to my making a Consulting Commited's fots 1,000,00 ruling?
Mr. D'Almuda; n^. Mr. Lows:- Inderstand your Lord hip les made a ruling that thero is no woh customi horo?
His LordshipWVhere do you come in?
Mr. Lewis- nin for the peti- tioning creditor and of course I support the Official Receiver..
His Lordship:-1 rule that there is no such custom boro and there- fore the bill of sale does not operate.
Debtor then wont into the box and was publicly examined. Ho said ho-was the lato proprioter of j the Kowloon Hotel, Business Jad not been very prosperous of late owing to the competition of two now hotels. He recently tried to sell the hotel but failed to get a purchaser,
The oxamination then, closed, dobtor being adjudicated a bank- rupl.
CREDITOR'S PETITION.
Affairs of the Man On Wing
Company.
50 cents 50 per tin of plain or gold tipped,
WINFRED
VIRGINIA CICARETTES
YOU NEED NOT BUY.
Call in and inspect our
BUTCHERY DEPARTMENT
and the various specialities we have
THE CHEAPEST VIRGINIA on sale.
CIGARETTE COMPARED You will be surprised and pleased.
WITH THE
OFFERED
THE DAIRY FARM CO., LD.
BIJOU SCENIC THEATRE:
(Flower Street.).
QUALITY
Wyndham Street.
ASAHI
OBTAINABLE FROM
KRUSE &
CO.
BEER SAPPORO BEER
GARNER QUELCH & CO. WM. POWELL,
WINE MERCHANTS.
DES VŒUX ROAD.
TELEPHONE 636.
Supply the highest ality Wines, Spirits, Cigars and Cigarettes obtaina.le, consistent with price. All· Wines and Spirits bottled in Europe by Shippers of world wide reputation.
Hongkong, 15th January, 1912.
Losi Deprecia-
tion Bricks, Pipes
and Tites in
THE UNIVERSITY BAZAAR.
10%
[21
The unfavourable weather caus-
LIMITED.
GENT'S OUTFITTERS
TELEPHONE 346.
NOW SHOWING "GLYN'S"
WELL KNOWS HATS
(Hand Made)
NEW SHADES
IN
SOFT FELTS.
ed the attendance at the Univer- NEW BOWLERS
sity Bazanr, to fall off considor-
TO BE OBTAINED
FROM ALL WINE DEALERS Note our Price $12.00 jar CS6 000- ́ ́taining 4 dozen quarts er 6 dosen
pints.
AMATEUR BOXING TOURNAMENT
[10
TO-NIGHT. TO-NIGHT.
9.15 p.m.
AT
9.15 p.m.
THE LATEST PICTURE. PLAYS'
AND
VIOLA-
THE SISTERS PRICE-
7.15 p..
LILIAN.
Pictures only.
Leiseo and Manager,
7.15 F.M.
R. H. Stoptionso0.
70 Hongkong, 9th Marab, 1812:
to bo hold under the auspies of the VICTORIA RECREATION
OLÜB
at the Club Gymnasium, on 'or about SATURDAY,
April 13th, 1912.
Subject › sufficient entries, the V.R.C. propose to hold a tournament open to any bona-file Amateur in the Colay for the Championships of the following Weights
BANTAM.
LIGHT,
FEATHER. WELTER.
Victoria
[207
Dispensary
(Opposito the Clock Tower.)
DISPENSING AND FAMILY
CHEMISTS,
CRUICKSHANK'S COUGH
REMEDY.
A Valuable Remedy for colds,
PRICE
Every facility for training will be Bronchitos, Asthma; and all Disenses
Storos valent 11,232.47 42,442.90 ably, yesterday, and tho takings NEW STRAWS, ETC. given to intending competitors at the V. 8.00 per tot and Langs.
11,582.07 181,609,11
Inter-4................... 12,970.49
· Lesa on sale of stain lighter 4, C5 11 Coal valued at
of dep: Watar Bay jank in typhoon
1,900 37 Bricks, Pipes, puny, written off as de preciation
.107,022.83
247,244,02;
$377,809.02
from 1916
$20,645.46 Balania from Working Awɔant :-
Balek of
stook valued
....... 29,183.64
2,026.95
Balance
Babuco brought forward
Cogent, 317,766.78 Balesof
Bricks. Pipes,
.....
• eta ao con- signment
Valuel at.... Steam Lighter,
Steam Laun- clics, Light ers, Junke, etc., as por Insi
stalc-
mont......... 209,747,19 Le Book VA-
Jus of steam
lighter sold
in Lyphoch... 20,116 78
9,396 78
857,663,50
and junk lost
$377,800.02
Balance Sheet."
Capital- 10,000 shares at $*B
auch fally paid up.. ...$1,000,000.00 Ree vofand
Sundry Credit#............... Palanco of Prafitand Lo-s
Account .............................
Green Island, Muea
Buiklings & Machinery
Losa Deprecia-
189,631.41
decreased in direct proportion, totalling only $3,558.
The attractions for this ovon-
12,778 17, ing, according to the programme, include displays of fireworks, while a grand Chinese banquet will be given in the great Hall, at which H.E. the Governor will bo presont,
tion ....... 11,377 88 178,259.53 |
14,000.00 Property 78,704.01
247,414.02
$1,910,918.93
as per last statement...$126.115 21
Lana Deprecia- tion ********
Cement and Raw Mate-
rit in stock:
25,566 91 100,548,30
At the Supreme Court, teslay, } valued at $128,149. RA. Mr. Davidson appeared for the Coll Caske
valual at
potitioning creditors against the Man On Wing Company, and he Stores valued
asked for a receiving order -to
2,480.16
at.......... 28,116.51 158,690.28
be made. Ile stated that three Hok Un, Hongkong --
offences were alleged and that the manager of another firm had offered to collect the debts and pay twenty-one per cont. The. nsBots were estimated to realice $7,000.
Ilie Lordship: What are the total liabilities?
Mr. Davidson: I don't know. Mr. Grist, who appeared for the.
Land as per la tal-to- mant.......
bilings and Machinery, 15 per last statement...974,766.18 Lesa Deprecia-
tion.....
Cement and Raw Mate- rial in stock
.
valued at... 406,212.89
execution creditor, said property Coal, Casks,
had been sold under the execu-
tion, and there was a debt due to
his client of $1,000, another $280
Dams and Gynnląs 10 pt... due for rent, and $120 bailiff's Stores, General and Machi- nery valued
41,967.88
1,2 18,653.31
at
Canton, рог Last statement, Va'ne of pre-
mia on n expired po- licies
Sundry Delt
OTH......
Cash on Sand:- Boad ufico
Hok
876 50
Un
.Worku... 545,90
Maeno
Work... 1,198 75, Company'
51,905 05
1,243.80
227,963.91
Bankers 212,408.22 214,588,25
$1,889,918.03 Showan Tomes & Co., General Managers,
J. W. Noble, O. P. Chater, Members of Consulting
Committee..
Wo report that we have audit- ed the above balance sheet with
DON'T FORGET.
Thursday, March 14. University Bazaar: Chinese State Dinner.
Friday, March 15. II. E the Governor and Lady "Lugard's Farewell At Home,'
Government Houder
University Bazaar.
Saturday, March 16. Daparturo of Sir Frederick and Lady Lugard for England.
University Bazaar.
··
Sunday, March 17. South China. Rifle Association meeting. First day..
Monday, March 18. Ordinary Annual Mosting, Royal Aeraled Waters Manufac tory. 5 p. m,
Wednesday, March 20 Annual General Meeting of the Hongkong Club, 5.15.
Thursday, March 21. The Clandoliors, Hongkong ¡A. D. C., City Hall, p.m. Friday, March 22.
****
21st Hall Yourly Drawing of Debentures, Hongkong Club.
The Gondoliers.
Saturday, March 23..
The Gondoliers,
Today's Advertisement
NOTICE
the books and vouchers of the 68,485.37 916,280 21 Company and that in our opinion auch balance sheet is properly drawn up so as to exhibit a true and correct view of the stato of the Company's affairs at Decom- ber 31, 1911, according to the best of our information, and the explanations given us, and as shown by the books of the Com- foos. The total assets collected
pany The various stocks as in worn less than $250, which was
previous years are as cortified for sufficient to pay the landlord.
101,051.08 600,88 1.80 quantity by the Works Managers, THE presentation of an. Address to HIS EXCELLENOY THE Unless the Official Receiver Cement on consigament
and for value by the General 'was satisfied there were substan- valued at
88,610.16 Managers. We have obtained GOVERNOR will take place in the tial assole he asked that the ap- Deep Water Bay Works
all the information and explana St. George's Hill át 11.80 .x., on
BATURDAY, March 10. Land as par last state-
tions we have required. plication be refused.
All thote Intending to be presest ans mont
requested to be a their rests not later Buildings and
than 11.15 AM, or one quarter of an Machinery as
hour before the presentation. por'ast state-
Hongkong, 14th March, 1919, 945 meat....198,201 18
The Official Rocoiver said he bad no objection to a receiving order being made subject to the liberty to apply for its racision,
8,500.00
E
W. Hutton Potts, A, O'D Gourdin,
Auditors.
Hongkong, Marok 0, 1912.
* ADDRESS TO12H, E. TUN
GOVERNOB,
HB
Pricos, Moderafe.
William Powell, Limited
Boogkome. Sist Jan., 1912-
(7
1912-1913.
LALED Tondors in doplicatɔ will
SUA
CLUB.
ENTRIES to lo rent to the lion, Sas., Victoria Recreation Club, as soon. as possible.
Hongkong, 9th March, 1912.
THE
VICTORIA DISPENSARY, 291 | Hongkong, Ist Feb., 1012.
bo roselred at the H. N. Hospital PURE-ALUMINIUM
from poran desirous of supplying until 10 4.M., on two 21st March, 1912,
[120
COOKING-UTENSILS.
NO RUST, NO OHIPPING OF ENAMEL
VERY DURABLE
Brel, Matton, Fowls, Pork, Bicad, THE MOST HYGIENIO Cheese, Pure Cow's Milk, Aerated Waters, Ics, and other provisions, and cesarios for the year coding 81st March, 1913.
Scaled Tendera in du; licato will also { be received for Cual (Akaike and Yu- bari). Printed Forms of Tendors and further particulars can be obtained at the R. N. Hospital.
The right to reject the lowest or any Tender is reserved.
P. B. HANDYSIDE,
Deputy Surgeon-General. B. N. Hospital, Hongkong, Rongkong, 12th March, 1912. [239 ·
E. C. Wilks, M L.Mech.,E.A.M.NA-
Consulting Engineer and Surreyor for construction, Valuer and Assessor for the purchase, or sile, of Steamships or
Launches,
Alexandra BUILDINGS, 2ND FLOOR. 114 ngkong, Fal May 1911. (20
FOR SALE
BOX'S EXCHANGE TABLES.
1/8. To 1/10
APPLY
" HONGKONG
TELEGRAPH."
SAVE TIME AND FUEL
VERY MODERATE PRICES.
BRIGHT AND CLEAN, INSPECTION INVITED.
F. BLACKHEAD & CO.
George Liqueurt
Compan dinburgh!
[44
“ KING GEORGE
IV"
SCOTCH WHISKY
*(GOLD LABEL).
This Whisky is the very oldest and Anost made in Scotland. Its roundness, delicate bouqust, full
body and delicious after-taste, ail procksim ́it “THE WHISKY par éxcellence."
BOLE AGENTS: GANDE, PRICE
& CO, LD.,
WINE MERCHANTS, 12, Queen's Road Central.
HONGKONG.
Telephone No.
135,
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