THE HONGKONG TELEGRAPH. THURSDAY, SEPTEMBER 6, 1917.
A PATRIOTIC CALL
THE HONGKONG STEEL FOUNDRY COMPANY,
PROSPECTUS
LIMITED.
Inviting public subscription for $5,000 shares at par ($10 each), upon an increase of the Capital of the Company.
Tis desired and a resolution for that purpose has been passed.
to Increase the Capital of the Company to $1,000,000 by the" imaut, of new shares, for the purpose of extending, the business which is firmly believed will, if no extended, not only prove exceedingly profitable to ad interested in the Company, but will also supply a want to local concerns.
The Capital of the Company is now $1,000,000 of which only $78,080 has been paid up and, on this the Company last year made net prost o #19,817 and paid a dividend of 10 per cent at the end of the present financial year. It is anticipated that doubling the Capital will at least treble the profit; ard, should thin anticipation be realized. the Company could pay at least a steady Twenty per cent,
Steel Castings are needed for surperous purposes by all Railway contractors, Engineering and Dock Companies, everywhere in China, and by many small manufacturers. At prescut a large portion of the bteel products which this Company is able to manufacture is obtained from abroad-at probably a great exprpse-in doneequence of the very limited capacity of this Company to carry out orders merived." With An increased Cubital, pablog more fornaces to be erected, and more labour employed, the Company would then be in a position to supply most of, if not all, the needs for stool castings in this part of the world; for, with the expericace now sequined by the General Manager. and by their present head workmen, there should be no difficulty whatsoever in most satisfactorily fulfilling uel requirements.
r
IL.ix much desired that sufficient additional capital be subacribed, "beyond that which is required for the further development of the Sterl Casting department, in order to enable a plant to be obtained, and not up, for the purpose of railing Steel Fagota into material for Engineer- ing, Dock, and Building requirements; for which material there is now * great demand.
It is therefore trusted that sokay persons in the Colony will be found ready to subscribe towards the increased capital desired, both for their own benefit, and for that of the community generally.
The General Managers are ready and willing to enter into any reasonable agreement desired by the Company to continue their services for a lengthy period. Also, if desired by the Company, they are fully prepared to transfer the control to a Bourd of Directors, comprised of such persons who are in a position to introduce business. be the Company thinks advisable.
The minimum subscription for the now sures now offered to the public, upon which the General Managers may procned to allotment, in 12x1,090.
MR. C. BERNARD BROWN of the lèm of Messrs. LINSTEAD & DATIS, Hongkong, is the Auditor of the Company.
A copy of this prospectus has been duly filed for registration
with the Registrar of the Companies,
Application for Shares should be made to the Company'a Bankers, or the offer of the General Managers, where forms will be supplied."
GORDON & CO. L
General Managers.
Dated this 2nd day of August, 1917.
INDIAN REFORMS.
Commonwealth Model af Government Suggested,
REPORT AND STATEMENT OF ACCOUNTS FOR 1916-17.
Report prented to the Shareholders at the Bernath Ordinary Guawal Mosting held at the’Ofths of the Gmowal Managers, on Wednesday, the 15th August, 1917, at 11.30 a'clock 1.0.
The General Mankeris bave now the pleasure to submit their annual report and statement of the Company's sejounte made up lo Jist Mar, 1917.
The net pmst for the your ended at Mar. 1917, after allowing for interet, Andie' Fame and writing off depreciation on Compaar'n” Plant, Machinery, Launches and lock, in #19,817.13. The amount together with the sum of 219,543.62 undistributed profi, brought forward from last year make an available balance of $39,366,55 which it is resolved to secropriate sa lošome im To plnew to Reserve Fund $10,000.00. Te pay a dividend of $1.00 per share $2,806,00. To carry forward to credit of next, gent a nocIMEL U21,558.55.
Dr.
BHARE CAPITAL.
LIABILITIES.
BALANCE SHEET AT`3(s( MAY, 1917.
Authorised 100,000 shares at $10 each. Issued 7,80€ sharm of $liłsuch MORTGAGE ACCUUNT...
$1,000,000
SCKORY CHESI7082 Including timeral. Manngend PROFIT AND LOSS ACCOUNT.
Balence as per lant accouAI J'61 for the year....
To felormal Account
#12.544.62 19,617 93
ASSETS.
Xacherry, Melting Furnace Foundry Mast and Tools including Annealing d Thebrating Chanbers and also all righ@ techet processen så per intaccount Le sold, doc.
Laven Depreciation
»]
Adrianne during the sear
39.366 Valur 2 Launches as per fast komunit
Le Depreciation
143,202 G
53.366,12
311.25
$53,645,87
$17.479.15
..Cr...
4.636.86
$ 4,500.00
450,00
4,050 00
Office Furniture and Fixtures including; valcable drawings sa per inat kecount S Les Dernation) ........................
B10.00
81.00
Stork in trade......................
327649,70
Low DeprecLİON •-.
25.89
26,553
41
Work in Progreen
6.000
00
Accounts Receivable....
15,870
7.439: 10
Cash at Back and in hand! Bank 771.543
PROFIT AND LOSS ACCOUNT.
For the yanranding Sist May, 1017.
↓
!!
*45000 By Bainoos Working Aowwat
Deping Backy, Plant, Stock, Be.
19.817
witing off old Machinery
Pro on the roar
P/Cash 16756)
3.117
GORDON & Co.
General Managers,
3 report that I have audited the shore Balance fleet with the books ad vouchers of the Company and bave found it to be in sacordanor therewith.
I have received all the information and explanations i have evenired. No depreciation has been written of Steel. F'roups Patest: Elgte waard was in the books at the orme o mately 3.95 Subject to the forging observation in my opinor sech Balking She is properly drawn up so as to exhibit a true pad eneret view of the state of the Company's affairs amording to the best of my information and the explanations given me and as shown by the books of the Company.
C. BERNARD BROWN, A.C.A.. Haarkeş ülk August, 1917,
Auditor.
The Register for application of Shares will be closed on Thursday, 1st November, 1917, at 3 o'clock.
Indiu so that she might not falter
relapse on the way.
75
With regard to decentralisation |Lord Islington suggested that
London, August 9-Lord such matters as police, education,
CHINA AND THE allies. Important Negotiations
Proceeding.
The Government, sccording to Islington, in a lecture to students agriculture, forestry, public works the Kwomin Kung Pao, which is
CANTON AFFAIRS.
Another High Official Disappears
..
༔,
Ho
To be returned to the arylleant..
To foramined by the Birkem
This form should be sent entire, with a chenze for this steposit of $10 on each share to the bankers of the Company namely
CHARTERED BANK OF INDIA, AUSTRALIA ÄND
CHINĂ,
HONGKONG STEEL FOUNDRY CO., LTD.
Form of application for Shares,
To the General"Mundgera uf
HONGKONG STEEL FOUNDRY COMPANY, `LIMITED. Gentlemen,
shares of $10
Having paid to the Company's backers the sum of $ being a deposit of $10 per share for... "each of the above named Company I (or wat request you to allot to me for us). barns on the forms of the Company's Memorandum and Articles of Association, and t (or wel agree to accept the same or any less number that you may allot to me (or us) and 1 (or we) authorise you to register me for us) as the holder (s) of the said shares.
Name in full...
Address......
Description_
Date....
Signature.
Receipt for Application Money.
Received this
day of
on account
of the Hongkong Steel Foundry Co., Ltd., from
the sum of EN
$10 per share upon.... above named Company.
...being a deposit of shares of $10 each of the
For the Chartered Bank of India; Australia and EDİR.
Cashier. N.-This receipt when returned to the applicant must be prowerved, und of moonpaid by empl for Elie amount due va allotments will be exchanged in
de cudzine for a certificate.
RECENT LONDON BAID. chimney-pots of. This is not in plate. There was always room for accordance with the facts. The improvement. Evey single thing mistakes made by abservers are was ready to receive the Gormans chiefly dao to the large size of the on Saturday. Our pilots had a Ralders of Large Gotha Type.machines. It has noen stated, fair chance of
beating and is perfectly true, that the of the German airmen, and Gorman machines were of the Jin the raid. 07 Saturday
ontimate, To make
of the machines
matter of
more
where
The enemy
Our Canton correspondent at the Oxford Sammar meeting, and industrial enterprises might Chiapa Tang organ, has receiv-writes under date of September made & pronouncement on the be handed over entirely to larger ed a letter from the Allied Min- 5 as follow:-
A statement on the recent Goths type. These machines are it was thought highly probable subject of the Indian reforms. provincial governments and eschistóra stating that a China bas Commander Li. La-bos took London air raid, made by a "high about three times the size of the that several of the raiding sirmen. While careful to say that he was province should be allowed to already declared war upon Ger-over the office of Civil Governor authority," which may be taken single-seater machines. It is were wounded. not speaking in his official oap work out its own redemption. Imany and Austria-Hungary, their to-day, when he received many to represent the official view, was perfectly obvions that a machine machines were bailt for both acity, Lard Islington ontlined the in deference to legislative Governments are now willing to callers.
commanissted to the Press on of the Gotha type at an altitude bombing and fighting, and carri- Boheme of decentralisation which council, Government modified its consider the requests of the Obin- Lak Ya-kong, the commander July 9. It states:
of 15,000ft. would appear to be ed bombers and machine gunners. he described as the most pressing policy, the conncil mast be re-ese Government for the revision of the reconnoitring troops sent ▲ osreful study of the inform. qaite a large no ■Single- reform required in lodia to-day "ponsible for results. That was of the Customs tariff, the revision to the border of Huasa Province, ation received during the raid seater dying at an altitude Size of New German Biplane. and it was impossible to postpone the essence of responsible govern of the Protocals of 1901, and the has received instractions that the shows that the number of raiding of 5,000ft. As a it without serious danger. meat-ead to secure its introdest postponement of the payment of trouble has been settled and be machines wen 22. Various state- fact, pone of the enemy machines
Paris, Laly 9-By Friday accordingly communiusted with ments have been made in the were flying below 12,500ft. We sight's expedition to the Middle Lord Islington detailed and ion into the Indian local govern-the Boxer Indemnity.
The game paper says that Chins Luk Wing-ting as to the future Press and elsewhere as to the low were able to judge this from ine, from Manaheim and Lad criticised the proposals made by ment, suitable system of election
height at which they were travell instrumente in our possession, lice may fairly claim to have wigshafen to Jabluntz, our Freach the elected additions! members was important.
spprecistes the efforts of the movements of the soldiers, of the Viceroy's Council and said The method of election should Allied pountries in thus helping There has been another secret ing. The height of aircraft from and these corresponded very his main objection was that the continue to be based on com- her and expresses the belief that departure from Canton, on this the ground is very difficult closely with the instruments ingested a new method of carrying was into the enemy's proposed changes would increase munity franchise, but where all of these questions will be occasion General Li Lish-kwan.
the possession of our pilota. the numbers and powers of the possible the election should be satisfactorily settled. The Go- As to the reason for his leaving, reasonably correct estimate the The statement that London was territory by way of the air eritios of the Government of direct. Adequats powera of verament is now considering these it is said that be gathered that he is
must bombed at leisure is absolutely was more than raid. The 84 Indis, without giving them any taxation must be given to local questions from various angles and would be appointed Minister of be known and the condition antras and misleading. It was aroplanes which set out from
France performed veritable mi real responsibility and that the governments and mesne must be will soon enter into negotiations War when the new Military of the atmosphere must be taken abserved officially that some of veto ought to be deed eparingly found of leaving the provincial with the Allied Ministers. As Government is established, and, into account. The pace of the our men were fighting the Gerry operations.
The intent German raid on Be proposed that powers abonid balness to greater extent than at China experiences lack of money, is he did not relish such an aircraft must also be taken into mane over London. The German, be given to municipalities to deal present poder the control of local she is anxious to come to an appointment, he decided to make consideration. The actual velo- machines travel very fast, and London also shows a change in with local matters with limited governmenets, "thể superior understanding with the Allied his departure beforehand. city, however, depende, not only antil they arrive at a certain methods and means on the part of the enemy. Zeppelins appear so Buthority to impose taxation. Authority retaining the power to countries over these matters as has instructed the commanders of upon the sagular velocity, but place we do not know regards the Presidency and intervene if the province equan- sarly as possible.
the Yanaan troops that they must upon the distages and height of they are going. The German have been definitely abandoned take their orders from the Tuchan the mechins and its direction, bases are much
in favoar of seroplanes of incream- Provincial governments, Lordered ita remarces, Islington said they must aim at
of Yunnan in fatare.” If some such scheme of pro- they must come into the scheme of
whether crossing, approaching venient for visiting Englanded power capable of carrying transferring the definite spheres vincial self-government could be keir own free will. Treaty rights Generalissima, Dr. Sun Yat-sen moving obliqusly. It will be anti-aircraft gunnera do every
On being appointed his directly, proceeding directly, or than ours are to Germany. Our considerable mase of explosives. The big "Gotas” biplans, the of public basiares from introduced it would be right for bureaucratic to more represents the provinces to transact more must be scrupulously respected saked We, Hon man, who is now readily understood thats machine thing humanly possible to burstype of the machine destroyed tive control through the mediam basinses direct with England then and nothing must be done to in Hongkong, to be his chiel Eying at a height of 15,000ft. the shells in the right place. recently by the Frenca airman of elected representatives. co. hitherto. Es preferred to saspend impair the personal link binding secretary, but the latter declined may appear to be almost station. Unfortunately mechanical errort Guyusmer, madures 771 8in. operating with Government. judgment regarding the future them to the Crown..
Lord Islington said he would position of the Indis Office. Even He emphasised the necessity! The Superintendent of Police, whereas it is really travelling are impossible to avoid. It is not the wings and 40ft. 8ia, ia contended that nothing can be long. It carries two Moroados at a high rate of spend. like to see a Government coneist if these changes, which could only for avoiding heaty action and also has reported to the Tashan that! Statements have been made done in the way of improvement, motors of a total of 680 h.p., and ing of the
and be introduced slowly and once education for the Indians. Here at the Samsai Customs Saturday few at a low altitude, the time. It takes a considerable
for providing sound modern two Germans who were tidowsil that the enemy machinee on Our gunners are improving all two propellere placed aft,” four execuuve councillore, we fal enquiry, the Government of European and two ladina. He india must always be responsible earnestly and sympathetically station have arrived at Canton and that on occasions they hover time to train gunners. indicated that the consequen for the Imperial or federal side of "ppealed to the advocates of without obisining a passport fromed or remained almost stationary, gaaners are ant old gunnere, but tial changes would be required at the Indian government. It was extremt measures of reform to be the magistrate, and has asked whereas they were certainly never they shoot remarkably well. It the Ladis Office and in. ile impossible that the Government patient and reasonable and to what stepe shall be taken in the under 12,500ft, and were travell was only bard lack the other day ing at from 70 to 80 miles per that they did not score a hit. Our relations with Governments in of India should ever direct itself limit their influecos and masi-matter. India, What he contemplated was of the control of forces, tance to practical measures. The
hour. It is very dificult to judge own pilota have remarked with India resembling the Common foreign relations, communications, oad in view could best be reach.
the actual position of the aircraft what precision the shells were ed be gradual moderate stapa. wealth of Australia,
Juustoms and currency.
in plan-that is, over which they barsting. Highly contralised bureaucracy Liberalisation of the supreme Lord Llington emphasised that{
are vertical. Observers' are spij As to the formation of the Gerago, The telegram quoted below to describe aircraft as overhead man machines, the minimum India's fatare mast scoord with legielative and exscative councils conld not be transformed into a the ideals of the British Empire, would follow the lines sketched at of decentralised self-govern-roosired by the American Con-when they are at a considerable width between baah machine was Her altimate ambition for reapon in the ones of provincial, councils, ing systems in a night. Every sainte General, Hongkong, from angle from vertical, Airoraft at about 100 yards, the purpose sible government within the but in view of graster importance patriotic Indian must realise that the Manila Observatory at 8 pm high altitude observed at even being to leave a safe space bet Empire could not be reached in of matters with which the femperial the British and the Indians mast rosterday: rclone or syphoon a small angle from the verticalween them. They were on
y not by acts of parliament authorities dealt, the progress continus to on-operate for years E. of Lason, less than 300 miles are actually at a considerable doubtedly perfectly sure that by Oar Little Bit Society for alons. The journey might be would necessarily be slower and in order to carve out the destinies distant, almost stationary, horizontal distance from the their formation was the best ons special wool fand zwultad de
The following telegram was observer, Jong and arduous and the dangers would be dependent on the of Indis and he hoped that both
to adapt to minimise the fact of follow Tickat No. 278, 1 the races would combine with mooived at 2 p.m. to-day :- of afaleestep could not ha ignored. ocem.or changes in the pro single-minded endeavour to avail Typhoon in about 127 degress observations in the Press has the programme, for the aircraft Cakes No, 80, 3rd Pase
The general trend of the anti-sirasti gun fire. Obviously rise: Ticket No. 127, 2nd Prise It was a task for British states- vincial governments. manship, which alone had the With regard to the Indian themselves of India's great op- Long. E and 18 degrees Int. Hon to make out that the aireraft defences of London was not and bedefled to the start of
moving M. msocnuary Experienen to- guida sintes, Lord Inlington held thas portunity.
[ bare bone penotionlly knocking complete. Ne
Governor
the offer.
TYPHOON WARNING.
Our
The Water Supply.
water in Hongkong semorroirs, On September 1; the storage of was 1,612.04 million gallons, against 07180 million gallons
At Kowloon, the million gallons respectively. figuren were 352.50 und 349.87
Raffle Result. The draw in the raffle organis