COMPANY MEETING.
Hongkong Steel Foundry Co., Ltd.
{VERBATIM.}
THE HONGKONG TELEGRAPH, WEDNESDAY, AUGUST 15, 1917,
ks incurred thereby, and we I have no doubt but that the DAIRY FARM NEWS.
are quite ready to faraish a Hongkong Steel Foundry Com-
gasrantes if required. We have bad samples tested and analysed and find them very rich in manganese, in fact every thing is very satisfactory and indicates a great future for this Company
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TO-DAY'S ADVERTISEMENT.
NOTICE TO CONSIGNEES.
From SHANGHAI, KOBE, and MOJI
pany alone could install a plant for milling sisel material up 10 say three thousand tons per month. Hongkong's interest at heart, will If those who prattle about having be up and doing instead of (may I use the word) bluffing", business might resalt. I have on the table However as we are working estimates which only arrived a on the process of melting down short time ago giving us details The seventh ordinary genstal scrap steel with other mixtures of the latest methed in steel mesting of the Hongkong Steel added, the supply of iron ore duction from the ore to the time Foundry Co., Ltd., was held at does Dat affect our present it is used for building purposes, the offices of the General crucible installation, it only we are informed it would not pay Managers, Hesure, Gordon and affects the progress mentioned into erect an installation below one Company, this morning, Mr. my remerke, at the last general bandred tone per day (3,000 tons A. G. Gordon, presided, and there meeting, namely:- were also present Mesers, T. F. Jatil each time as the Foundry ocet of such an installation with Hogh, F. Maitland, A. K. Department can be made to ron rolling mills and foundry com Henderson, E. J. Grist, M. W. in conjunction with the mills for plete, and the estimate coet Mark, Yara Cheong, H. R. B. producing steel material from of such laid down in Hoog- Hancock, J. J. Bryan, A. H. P. ingote, which keep the furnaces kong. Now, gentlemar, what Jackson, P... Teater, W. Logan, ranaing day and night, crucible more is wanted? I am confident P. C. Potts, E E. Ellie, E. M. furnaces are more economical."
that if we had the necessary capi- Bymond, G. P. Lammert, and J.
An article in one of the local al abscribed there would be Fher (Acting Secretary).
papere some time ago dealt with little (if any) difficulty in getting The Chairman said:-Gentle the question of manufacture is into communication with the than $43,912.37 or 56 per cen'.
-The report and accounts
Hongkong of munitions of war,
proper authorities, as from in- on our capital. The Company ha having been in your hands for and said that much effective help formation on hand they seem to suffered in the past and is etill same time I will follow the usual could doubles be given to the be only too anxious to deal direct retarded from lack of capital: course and with your permission
cause of the Allies if arrange with responsible bodies instead The General Masegere couse- made for such of middlemen who are so anxioua quently had to utilise profits tr take them as read. Orders dating ments were the year under review have been manufactors here. The article to squeeze out blood before life pay for improvements and en- plentiful, and to meet the grow
stated that persons in important begins. As a result of our endea largements and in holding bigger ing demand for a heavier class of positions bad said that no means youre we learn that new mining stocks for current work. And ye work offered, we have arranged io existed in Hongkong for lawe have at last been drafted it is impossible for them to er- begin, without delay, to lay down manufacture of steel ebelle bas which are likely to prove secept tertain bat a proportion of the two more sets of patent radio the fact is apparently not known to able to the Treaty Powers and at ordere submitted. With an ic- furnaces; and contemplate, later, these persons that there does exist, the same time to prove of immense eresse of capital it appears evi- building two extra furnaces, and did exist at that time, benefit to China. We osa only dent that the emocess of the which will enable me to scoept foundry in the Colony capable of hope that the Cabinet changes in Company is assured. With these THE. Steamship argent orders for work which turning out what was precisely Peking will not result in the new few remarks I have pleasure in cannot be execated without con required; and doubtless it will in draft being pigeon-holed and seconding the adoption of the eiderable delay and expence to terest the patriotic Hongkong forgotten.
report and accounta our clients. This will also enable public to know that this Company
Depreciation. Before I close I
The Chairman:-Gentlemen, having arrived Consignees of her аге notified the Company to make soft ingot was asked by the Government on
should like to say a few words on it has been proposed by myself Cargo by behalf of Russia if its resources
ali Goode are being steel for forging purposes fo
landed at their risk into take the place of home orders could be made available for the the question of depreciation. We and seconded by Mr. Maitland that which cannot be fulfilled, owing supply of munitions of war, and have for some years past allowed that the report and seats the hazardous and/or extra haz to the dificulties of transport a reply was cent to the effect that 10 per cent., and at same time the presented be adopted. I shall be ardous Gedowns of the Hong- and Government restrictions it resources were each that at the upkeep, which is a very heavy mach obliged if you will signify kong & Kowloon Wharf & G6 against the export
time three tone in cast steel shells item, has been charged to the the same by a show of hands. down Co, Ltd, whence and/or from the Wharves delivery may materials leaving British porte. or ingots for making shella could working scoount. The furnaces Against? Carried.
Mr. Hough: Gentlemen,The be obtained. If this state of affaire continues, be supplied each day and that if to-day with the constant renewals we may still increase our output required additional plaat could are in as good a condition as when clear statement of facts we have by making further additions to be procured in four or five installed, nevertheless it would be just heard read is to my mind the plant, to meet the urgent montba to supply forty-five hopeless to expect oar, business conclusive that something should demand for soft inzol steel. tons a day guaranteed. There to be on a safe and sound basis if be done, and it would seem that The encouragement given to this fore, gentlemen, you will see that a. depreciation were provided, the enterprise is such a good one Company to farther its endeav-this Company, on behalf of the The shareholders might be more that it should appeal to the in- oure to supply the wanta of its Colony, cfered to do ita beet in pleased with the accounts but curvesting Hongkong public not only present constituente has caused the common cause.-(Applause.) aseets would be standing at a as a good investment but as a
Speaking from a very long ex-fotitione figure. Therefore it is sound patriotic movement, and I signed by your mausgere, with the asaction of shareholdera to increase its perience of this Colong's progress clear that, if provision be not should be glad to see the matter capital to $1,000,000. A scheme and the position it, holds to-day made for depreciation each year, brought fally to the notice of the is already in hand for its recon-in the commercial world, owing the time will come when new public and would suggest that the straction under $
Board of to its great shipping facilities and capital mest be introduced into necessary measures be adopted Directors, which will be fully advantages for shipbuilding and the business to enable the aeeets to do so. explained to the public later, other industriee regairing the to be acquired for continuance on when it is hoped the exits capital supply of iron and steel material, more modern methods. will be forthcoming to enable the and which is of paramount im the Company to proceed with sa installation to meet all present day requirements.
of atect
As for Chins, and ite awaken ing, about which so much has been written, we feel that he the war is over thinge will begin to move. Even during the last three years while Europe has been locked in a death stroggle, China has not remained stationery.
Rive
The Chairman & greatly obliged to Mr. Hough for bring Patent Process-No deprecia-ing forward this suggestion. I portauce to the future interests tion hse been allowed on this am sure that there are a great of this port, it would be disas-item, and coneidering the value many Chinese gentlemen who trous to allow what has already of same was originally purchased are only waiting for a lead by the proved to be euch an urgdalified for £5,000.0.0. and taken over on foreigners to take an active part access to fail at this stage for formation of the Company for in this movement. I am sure want of capital, and fall into the £2.000.0.0. therefore standing at that anything that can be done- hands of other nationals to reap that Egure it represents an asset in fact something will be done to the benefit of enterprise which well within ite value, we are only arouse interest on the part of has clearly proved the necessity working on the fringe as it were foreigners in this matter. for such an undertaking.
of the complete process, which Mr. Hough:-In view of what
The clarion call in Mr. Anton'a enables the Company amongst the Chairmen has esid, I will speech at the launching of the other things to manufacture tool propose the following resolution: A Barvey is in progress for two ressels on Saturday 4th ine, steel, razor steel, locomotive —“That an extraordinary general line which will certainly develop at Kowloon Docks sounded the wheels and tyres, crossinge, meeting of the absreholdere be portions of the country through right note in its most telling points and chairs, axles and chain convened for an estly day, to which we the West River, and atmosphere, i. e. amongst the links, car wheele, propellor bladee, which the public be invited to be A stimules to trade is shipping and engineering cipite ship etero frames, hydraulic present, when the matter will be Kvange, where it is known liste and experts of Hongkong cylinders, etc., and anything and fully considered and a list opened there are deposite of coal and and surrounding districts. He everything required in the steel for signature of those gentlemen iron, as well as of tin and said:The shipbuilding yarde casting line.
who are willing to take shares." antimony. I am not therefore bere had very many advantages Finally, gentlemen, I have The Chairman:-It has been pasimistic as to the future of over the ebipbuilding yards at risked my all in this venture proped by Mr. Hough, if some Kasazei of Kwangtuog if the Home. 5ut they had one di-a against advics to the contrary, one will second that, auborities will only encourage bility and that was they had to knowing for many years that Mr. Jackson :-I beg to second enterprier, Recent events have get the steel out from Home, )=0 | sooner or later the growing e- that.
יו
"GREGORY.APCAR"
No Claims will be admitted
after the Goods have left the Go- downs, and all Goods remaining undelivered atter the 22nd in- stant, will be subject to rent.
No Fire Insurance has been effected.
Bills of Lading will be counter-
DAVID SASSOON & Co., Ltd. Acents.
Hen, kong. 15th August, 197.
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shop a that, in Canton there is ship plates and boiler plates. Eemand for steel material (long The Chairman-I bas been a desire to stimulate the develop could see the possibility of bay before the war) justified the ex proposed by Mr. Hough and ment of mineral enterprises ining their own steel worke in periment, and no one knows! seconded by Mr. Jackson "That the Province, and I feel sure the Hoogkong scou. They had better than I do the vicissitudes an extraordinary general meeting day is not far distant when coal ircn Cre very "Dear bera of good and bad fortune through of the shareholders be convened and iron will be shipped to with lots of coal from Kwangtang being determined to fight against for an early day, to which the Hongkong in large qusalities. and it only seeds a certain all difficulties. I am therefore public be invited to "be present, We have been innndated with amount of enterprise to have these ar kustosee the consummation of when the matter can be fully cffers to supply us with iron ore steel works established.” We my life's work i.e. that Hongkong considered and a fiat opened for and other minerals. To give you have iron ore very near here," which has been my home for over signature of those gentlemen Ece idea of these cffers I will
says Mr. Anton. I have already 40 years should keep the position who are willing to take shares.” read you one amongst them - stated that good iron ore is to be the rightly holds to-day, as being Will you signify your willingness
A. G, Gordon Eq,
obtained in the neighbouring pro- one of the most progressive oat to pass that resolution? Thank The Dear Sir,
vinces of China, but if the iron posts of the British Empire. you. Againas? Carried. mine near here is good why do (Applause). I can think of next businese, gentlemen, in the At your request we beg to inform you that at last we have the owners not work it them nothing more that would be ia-election of an auditor.
are capitaliste teresting to shareholders, bat if Mr. Henderson-I beg to pro- gos permission from the Chinese eelves? They Government to reopen the iron and with pig iron at its present there are any questione I ehall be pose that Mr. Bernard Brown he mice in Kwangsi Province, this bigh value it seeme strange that pleased to answer them, before slected suditor for the ensuing
to proposing the adoption of the year. iron mice cccapies an area of no effort has been made
Mr. Hancock-I beg to (40) forty square miles and st develop each a wonderful "find", report and sccounts.
Mr. Maitland: I beg to second second. present there are about three and if so rich in manganere sic,
as it is stated to be, is it not the adoption of the report and The Chairman:-It has been bundred laborers at work,
reasonable to suppoes it would soonate sa presented. It is proposed by Mr. Henderson and The output of iron ore ia have been taken in hand years pleasing to at last arrive at the seconded by Mr. Hancock that about 300 picale daily. If more labourers are engaged for the go to demonstrate to the pabiio dividend paying state and I hope Mr. Bernard Brown be elected the quality of its cre? The owners shareholders will receive an auditor for the ensuing year. All work we can supply yon moath- must have their doubts about its annual return in future. Cer- those in favour? Against? Carried, ly under contract bine or ter financial success; the ore is offered tainly our general managers have I don't think there is anything thousand picule. In case of for sale with all ite alluring had a hard struggle, and all else for me to say. I thank you insuficient output socording to qualities but they go no further shareholders should congratulate for your attendanes. D.vidend SUZUKI & CO. contrael of ore to be delivered If this mine has any commercial them on the results of the past two warranin are now ready should to the Company, we will of value, and can produce pig iron years working, which show any gentlemen like to have them course be responsible for any up to necessary specified standards, net гетерие of no lees before leaving the meeting.
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