SPECIAL CABLES.
THE LOAN QUESTION.
CHINA'S MISTAKE.
THE HONGKONG TELEGRAPH, THURSJ)
great satisfaction to have declared dead fund can, and that was the an interim dividend. The matter fobject with which that fund was was considered in August last and formed. It was formed so that it was then unanimously decided in lean years if there is uny. that in the best interests of the thing loft in the funds aan company it was not advisable to equalise the dividend to the same pay such a dividend. This was extent. It has been used for that explained verbally to one of the purpose, and it has not general- signatories of the requisition but ly been the custom of the com-
September.
ER
To-day's Advertisement CHINESE GOVERNMENT 50% GOLD LOAN.
local branch of the CHARTERED BANK OF INDIA, AUSTRALIA Intending. Subsoribers are invited to communicate with the AND CHINA.-
DAIRY FARM NEWS.
COMBYAN
CORNED BEEF.
Fool may demand pheasants tongues for
breakfast whilst most of us are well satisfied
with Corned Beef and Cabbage for a change-
if it be good and well cooked It is a dish for live men not for mummies.
September 24, 1912.
HUNT'S
Lloyds Bank Id., London, Capital and Counties Bank Ld. (Our Own Correspondent.]
he regretted to any that neither he pany to pay interim dividends, London, London and South Western Bank Ld., London and Char Shanghai, September 26. nor the other signatories were Since 1905 we have paid I think tered Bank of India, Australia and Chins, London, will offer One man's meat is another's poison. "The King's Sir John Jordan, Britishi Minie-satisfied with the explanation gi-two. One was on July 30, 1905, immediately on behalf of Contractors 65,000,000, first half of ter to Peking, visited President them. As a result they had mot-when, I might say, the profits £10,000,000, 40 years 5% New Chinese Gold Loan at 95% in Bonds Yuan Shih-kai last evening and there to-day to give them a fall were so large that there was no to Bearer of £20, £100, £500 and/or £1,000 payable 30% on applica- informed him that Britain dis-opportunity of placing their views doubt as to the ultimate result of tion and allotment. 25% 2nd November, 25% 2nd December, 15% approved of the recently conclud-bofore the shareholders. He now the year's working. Another 15th January, 1013. Sarip Coupons payable 31st March 1913 od London Loan.
invited the signatories to the re-was paid in 1910 and then the calculated on and from date of payment of instalment. He emphasised the fact that quosition to state thoir case, profits were also sufficiently large
Lóan redeemable by yearly drawing at par commencing 1923 Chiau was making a mistako in Mr. Bolilios said:Before I to leave no doubt as to what they with option to Government to pay off whole or part of Loan not yet going outside the powerful Sex-formally put this resolution, result of the year's working duo after 15 years at 102 1/2 and after 25 years at par. Loan secured tuple Group.
would like to make it perfectly would be. When I discussed the by direct obligation of Chinese Government for principal and clear, both to you and to the other matter with Mr. Belilios at a interest and first charge on Salt Gabello. Surplus Revenue, not members of the Consulting Com- meeting that we had some time charged, guarantee by Chinese Government to be at least 23,000,000 mittee that this meeting has pot ago, I could not, in the interests Kuping Trols. List of application will be closed on or before 28th been called in any spirit of of the company, give him detailed hostility or antagonism to the figures, nor do I think you, General Managore or the Consult would with me to do so. ing Committee. It goes further. I think you are all aware that It does not mean to attack the company usually carries on in the slightest degree the its business with vory large for- discretionary power of the ward purchases of raw sugar, may be of interest to your readers. Committee, under the articles of Thay amount to many hundreds Since 1903 the erection of newings and hollow structures undor association, to pay an interim divi- of thousands of picule. This year ceilings and hollow walls (except these 3 sets of byelaws, no- dond out of profits; in fact the we have fortunately kept our in the European Reservation and less the ceiling or reason this meeting was called was forward purchases as low as was Hill District) has been illegal was illegal under the Building to better enable individual share-prudently practicable, but we unless specially sanctioned by Ordinances, the cost of making holders to must you and the mem- have nevertheless considerable the Building Authority, and the good the building is defrayed by bors of the Consulting Committee, commitments, and you will Officers of the Board have had the Board in accordance with a that once and for all, they might understand that fl. fall in power to remove ceilings from cala of compensation adopted at the last moeting. If naw walls learn the position they were in pries of raw sugar woull houses in infected districts,
12 serious bearing on with regard to payment of in-have
The reason for those provision are required they are paid for, terima dividend. In July 1884 our position. When the con- was that after careful considera-and the expense of putting special resolution pasaulting committee considered tion the Government and the wooden coiling in top-floors sed authorising them to pay the matter of a dividend the Board came to the conclusion in the place of sailings removed interim dividends nut of profits general agents placed before them that all coilinge on ground floors by order of the Board is also in their discretion. The point of the
as and intermediato floors, and all defrayed.
The scale of compensation, is lath and plaster walls and other calculated to include architects hollow structures of that noturo, fees for plans and supervision wore liable to encourage the where the deposit of plaas is spread of epidemic diseases, as
RESTLESS CHINA.
RIOTING NEAR WUCHANO,
(Our Own Correspondent.]
Shanghai, September 26. Desultory rioting among the troops in the Wachang district reported,
At present it is not of a serious
naturo.
COMPANY MEETING China Sugar Refinery Company,
Limited.
is
#718
.
rocent advicos
wall could
In all cases of removal of coil-
*:
structure
Those byelaws cover prastically
An extraordinary goueral meet ing of the shareholders in the China Sugir Refinery Company, Limited, was held this noon in the offices of the gonoral agents, Messrs Jardine Matheson, & Co. Ltd. for the purpose of consider the signatories to the requisition to raw sugar the tondency of ing special rezolution which was rather to emphasise the foot which was downward. A drop of was not out, as under, in the that this equalisation of dividend half a guilder por pioul on raw notise convening the meeting: fund was formet for that specific sugar would not only wipe out That the General Agents and purpose, that is to say, to pay the profits made up to June 30, the hollow spaces between the required by law. Committee be and they are hore-dividende in loan yours. As a but also cause a corresponding coiling and floor above, or in the the whole of the business portion by authorised and required to matter of fact this was done at the serious loss in the further work-middle of the declare an Interim Dividend of $3 oad of last year, even in a case ing of the company. I think you not be cleansed or disinfooted. of the City, as the European Re- servation only comes down to the per share and thuit such Dividend when there was an actual loss will agree with me that the con- With regard to top-floor ceil- Queen's Road love! between the bo paid ou the first day of October, made. This fand was made up sulting committee's decision to 1912, to the tastbere who are I think, some time in 1905 with pay un interim dividend woulding unier pitched roofs, if they foe House and Arsenal-Street and are substantially constructed of does not include the North side on the Hagister on the thirtieth what is really deferred dividend have been deserving of strong wood the same objections do not of Queen's Road or the area be
which might have been paid up if reprobation and might have been apply, as such ceilings can between that Road and the Sea. day of September, 1919,
The roquisition was signed by the shareholders had required it almost justly accused of inten-roadily oloaused and disintosted, All those Byelaws have been R. E. Balili, Trustee for the at the time the profit was mado. tionally misleading the share and rendered rat-proof:
framed with a view to carrying Estate of the lato E. R. Bolilios, They rofrained from doing that holders. If at the end of any year
[088, During the recent epidemic of out the policy of the Board with Luu Tak Po, Ernest D. Haskell, and now ask for a small portion of there happens to be 5 Lau In Chung, S. II. Michael, that fund, in other words about and I would remind you the plague it was found that the the least possible auoyance and Sidney Michael, C. Stewart, R. J. one-seventh of the amount, which capital of the company is not Sanitary Officere had no power to exponse to property owners, and Jadab,
now stands at four lakhs of largo there would be no doubt that comove hollow partition walls, it is to be hoped that the The general agents made the dollars. I submit most strongly the equalisation of dividend fund and as the removal of coilings Legislative Council will adopt the following observation. The on behalf of myself and the other would be swallowed up as an ae without removing such walls was byelaws in the interests of the
You cannot
considered to be ineffective to pro- public health of the Colony: General Agents and Consulting signatories that in the present set of the company
Yours truly, Committee of the Company desire instance you have male a profit sot it on ouo side. Having given vent the spread of plagas, it was
F. B.. L. Bowley. you have 18 woll to make the following observation and
you this fairly full explanation I decided to amend the byelaws. on the subject matter of the Rafund which was created for nonhositatingly look to you to sup. Two sets of amendments have Hongkong, Sept., 20, 1912,
other purpose than the paymont port the action of the general already been approved, and if the of dividends, and wo want to gents and the consulting com-byelaws now before the Legis- find out what the Gunarai Mana-mittee in the matter which I can lative Council are passed, it is gers themselves and the Consult assure you was taken in the best liopod that there will be no fur- ing Committee think as to the interests of the company.
ther altorations in the regulations Those present included the Hon. application of this fund, not After inviting any other share-rolating to ceilings and hollow Mr. U. H. Ross, chairman, nocossarily to-day but in lature holder to address to the meeting structures which may then be Sir Paul Chuter, Mo33ra J. W. C. years. Wo wish to be told whe-if he wished the chairman re-summarised as follows:-
First-In infected „promiser Bonnar, F. Maitland, H.P. Whitether this fund is to be an unli-marked:-Mr. Belilios, before and E. Shellim, the consulting mited fund. I think you will I put this resolution to the the Medical Officer of Health can Khan; The Wai Sang Hong v. committee; Mr. H. W. Looker, soli- agree that this fund is nothing eating may I ask you if you remove osilings and hollow struc- Fung Sing-nam, master of the citor to the company, and Mr. J. more or less than deferred pay, intend that the dividend shall be tures if necessary in brdor to Wah Fang Firm, and the Wah Barton secretary; Messrs. A. F. dividends which should have been paid out of the profits to June 30 thoroughly disinfect thur building. Fang Firm; Kwong Wing Cheung
Secondly-In districte declar-Firm v. Li Fak. Arcalli, A. ol Aroulli, G. F. Aacott, paid and which would have been for out of the Equalisation of
solution, namely that ia the exor cise of their discretion they do not think it predout in the Company's interest that an Interim Dividend should be paid.
The chairman:That is all the
CORRESPONDence.
spread infection, although no epidemio or infections disease exists there at the time, and may order the destruction of ceilings &c,
LAW LIST.
Summary Jurisdiction,
Before the Paisne Judge, Mr. Justice H. H. J. Gompertz,
To-day-Sunder Singhv.Stair
To-day's Advertisement
UNIVERSITY OF HONGKONG.
G. F. Álves, . M. Austin, R. E. paid, had tus shareholder de- Dividend fund? The solicitor by the Board to be infected the Monday, Sept. 30:-Fau g Balilios, W. D. Braidwood, D. manded it. These dividends, I to the company points out that it Medical Officer of Health has simi-Cheung Firm v. Alexandra Cafe; G. M. F. Bernard, B. D. F. submit, are in fact the property is not so mentioned in the resolu-lar powers during an epidemio. E. A. M. Williams v. Alexandra
Thirdly Under Beith, C. W. Beswick, T. Bapt. of the shareholders puro and sim- tion and any absent sharehold
the new Cafe: The "South China Morning. ista, Chao Po Siu, W. E. Clarko, ple, It is not a reserve fund, and might object.
sot of Byelaws now before Post" v. Alexandra Cafe. Cheung Pui Kai, I. D'Almada e I think I am right in saying Mr. Belilios:-Out of the equa- the Legislative Council the Wednesday, Oct. 2-Fook
were alisation fund. Castro, A. C. Davison, G. Fries-that even if there
Board with the approval of Loong Firm v. Beneficial Fire In- Tho resolution was put to the the Governor-in-Council may de surance. land, W. J. Gresson, F. M. P. de loss and no dividends paid that Graon, J, E. Grosson, Ho Fook, fund can be touched. Our pre-meeting, and the same was declare that any area or block of llo Kom Tong, E. D. Haskell, Hoseace here to-day isnot autagonis-clared lost, no one appearing to buildings is specially liable to Tang Ying, J. M. Hay, Ho Tu, tiot) the General Managora or to vote for the motion. G. K. Haxton, Ho Kwong, Ho the Consulting Committee. We Shai Kit, Io Wing, F. H. Hupo- bave come to learn. I am sure business gentlemen. Thank you dan, F. C. Hall, C. Hodgson, B. when we have heard Mr. Ross ex-for your attendance Judkins, J. D. Kinnaird, R. Ken- plain the action they have taken, nody, Lo Cheung Shiu, Lau Tak there will be no feeling between Po, Lo lu Chung, Leung Pin the Gederal Managora, the com- Chan, L. N. Leofe, L.A. B. Leete, mittee, and the signatories.
Mr. Lau Tak Po seconded. Leung Tsau, G. O. Moron, D. R. Mackenzie, A. Murdoch, J. Mo The Chairman said:-Gentle- Corqundale, J.M.Zaig, R.E. Mac-men, before I formally put the dougall, Ng Hon Tse A. H. Ough, resolution to the meeting I should AJ. Pumfrett, J. Paterson, like to reply to one or to two of CEILING BYBLAWS. J.M.G. Pereira, A. Rodger, W. B.| Mr. Belitios' remarks. I am very! Sir-The lateness of the hour Rigden, F. J. B. Ribeiro, F. X. V. much obliged to him for publicly at the last moeting of the Sanitary to all new ceilings etc. Ribeiro, J. E. dos. Remedios, F. stating that there is no autago-Board, and the absence through Smythe, M. D. Silva, So Shek nism in the general agents or the an unfortunate misunderstanding The Building Authority has Chung, P. M. N. da Silva, C. consulting committen in the reso- of the representatives of the stated that outside the European examination, of which das noties will Savard-tonedios, J. W. Stewart, lution which he has just propos- Press, prevented me from explain- Reservation and the Hill District be given in the English and Chinese R. Sutherland, A. M. da Silva, ed. He has asked some questions ing to the Board, and through he will only allow ceilings to Fres
Fors may obtained of the Begis- G.A. Tisdall, B. Wong Tape, W. in connection with the equalisa tho Press to the Ratepayera be greeted in top floors, and that Taylor, J. W. Taylor, Wong Letion of dividend fund. Gentle whom I have the honour to reach ceilings must be substantiur'a Olork. ung Him, J. F. Wright.
men, I take
that the equalisa-present, and to the Members of ally constracted of wood dat
The opini:ns expressed by car durres
· pondents are not necesarily those of the "Hongkong Telegraph,"j
To the Editor of the "Hongkong Telegraph."
If a coiling or hollow structure has been removed under either | FAQULTIES OF ENGINEERING set of byelaws, then (unless the
AND OF ARTS.- house is in the European Reser vation or Hill District) the Build-INTENDING students who have not exempted from 'residence: "must ing Ordinance prevents its re-send in their forms of application at erection unless with the consentonos If they wish to ours accommoda- of the Building Authority, and, a tion in the Hostels. Should a sufficient similar rule applies with regard number of applications be received with- jinin "week" from date for a special entrance examination, arrangemente will be made for holding such special
LW. J, HINTON,
Registrar.
LOST.
The secretary having read the tion of dividend fund is an asset the Legislative Council whose The byelaw passed by the notice convening the meeting, the to the company. If the com- approval is necessary to give the Board on the 24th instant adopts Hooghoor, 35th Sept, 1917. [897 chairman said that the meeting pany makes a loss, that asset Byelaws the force of law, my that statement and gives it legal V was called at his instance of cer- has to meet the lose just reasons for supporting the fourth sanction, and it may be tain, shareholders who proposed the same as any other asset. It set of Byelaws relating to ceilings assumed that no top floor ceiling that they should pass the resolut- cannot be placed on one side as and hollow structures which has constructed in accordance. Son which had just been read to Mr. Belilios has indicated. It been passed by the Board this with the requirements of this Bys- them. He thought it was quite stands there very much in the year.
law and properly cleansed and A White Bull Terrier Bitch. Left or annecessary for him to assure them same catagory as a reserve fund. As a certain amount of mis maintained will be removed unless Satan" Will the finder please ratura her hat if it had boon considered A reserve fund, as you all know, understanding appears to exist the top floor is used as an Eating to or communicate with Capt Balpht rudent to do so, it would have gi- cannot be used for paying divio as to the object and effect of the House or Restaurant for which Bajpaia, Kowloon, rep
consulting committen dend. “An equalisation divisi brolaws the following remarka ljoence is required.
Hongkong, 28th Sept. 1919, (600
cropped. "Answer to the name of
PORTS AND SHERRIES
ARE THE BEST.
GARNER QUELCH & CO.
SOLE AGENTS.
CHLORO-NAPTHOLEUM.
Tel. 036.
Not Explosive. CN is it even inflammable. Conf oil gasoline, korps, and one form of petroleum commialy used for
· driving away insats, ara estes bely, ingeroas, espacially when used on ostpote and woodwork, or in smsil" oboots where the Cxplosire gases may lingar for no tim. CN oan bs' abd with safety in closets with an open-light. CN ona be placed on sa open flame and bolled-1 onvincing test of its non-splastro quality." Indeod, the fames medo by bolling CN are handing to the lungs and throat.
·CHINA. COMMERCIAL COMPANY..
S.O.A.E.O.
FAR EAST OXYGEN AND ACETYLENE 00., LTD. AUTOGENOUS WELDING. -
repair of boilers and bulls, welding of cracks,
TA. Na 1208
Renewing of corroded plates by addition' of metal
Welding of broken pieces of any kind' of mata! OFRIOR: AL Griega's Building. Brd Floor, Telephone 1085. 145
KING GEORGE
IV " Scotch Whisky
Its world-wide popularity is due to mature ripenets, soft refinement, and exquisite flavour.
THE D
One of the principal brands of
ISTILLERS COMPANY
cers in Dee Word,
* EDINBURGH, SCOTLA
Honarqug, 20th September 1912
Page 5Page 6