10
NOTICES.
UN JON INSURANCE SOCIETY OF CANTON, LIMITED.
NOTICE IS HEREBY GIVEN that an Extraordinary Gentral Mestimi at the Society will be held at the registered office of the Society, Quan's Belding. Hongkong, ca Thurday the 10th day of April, 1919, at 12 o'clock mon, when the sabjilled zvonistka will be proposed as extraordinary resolu
1
That the nominal ver capital of the Society as existing wher this realution is coulisted as a special resolation be converted int sterling and that wach capital so converted be increased beyo the sterling equivalent of such silver capital when such conversi take place su the sum of £2,000,000 Sterling divided into 200,000 shares of the mual ralue of £10 each.
2 That each of the issued silver, shares of the Society of the nominal value of 1250 each with the sum of $100 paid up there be converted inte five shares of the nominal value of £10 each with the sterling equivalent of 10 Hongkong turgery at the open ing T.T. rate of exchange on the date this resolationda confirmed a special resolution credited as paid up thereon and accordingly that 20,000 abares out of 200,000 shares of the cominal «ge of £it each constituting the capital of the Society so converted and Increased be distributed by the Board to the persons who are registered as shareholders of the Society on the date this resolution is confirmed as a special resolution in exchange for the silver shares
the hell by them.
3. That the Articles of Aarnciation be altered in mancer following.
Ah-
By the insertion after Article No. 107 of the following Article.
EMPLOYMENT OF RESERVE VENDS
107 (a) The Board may play the funds of the Society which have been established pursuant to the provisions of Article 107 any of them or any portion thereof jand that whether such funda arsach portion as is proposed to be dealt with were set aside for she special purpose to which they are proposed to be applied or for say other purpose or not) in or for 31 or any of the following that to say, in meeting contingencies, in
in equalizing purposes. diridends, in paying special dividends or bonuses in repairing improving and maintaining any of the property of the Society,
for net otherwise in the business of the Society, and in or other purposes as the Board shall in its discretion think ecndacive to the interests of the Society and in regard to any such employ ment as aforesaid the Board shall not be bound to keep sich fund, separate from the other assets.
<
By the insertion of the following Articles after Article No 108
DONTE MAY 12 SET OFY AGAINEI CALL
10 (1) Any general meeting at which a dividend or bonus ir declared or sanctioned may make a call on the members, of nach amount as the meeting fixes but so that the call on sach member s not exceed the dividend of bunga payable to this and so that notwithsanding the provisions of Articles 19. 20 and 21 the call may be parable at the same time as the dividend or bonus and the dividend or bonus may, if so arranged between the Society and the member, be set off against the call The making of a call ander this Article shall be deemed ordinary business of an ordinary
dividend. general meeting which declares
2. After any resolution has been passed under the provisions of paragraph (11 of this Article the Board may arrange on behalf of the Society for the dividend or boons to be set of against the call by authoriring any person on behalf of the members from
soch call is due to enter into whom
an Agreement with the Society providing for such dividend or bonus to be set of against rach call and any Agreement made under such authority shall be ⚫ectiva.
(3). It shab be no objection to any resolution made ander paragraph (1) of this article or to any call or arrangement that such resolution was passed or each call or arrangement" was made at the meeting st which the resolation introducing this Article and Articles 107 ja was confirmed i special resolation provided that die notice of the intention to propose rach first mentioned resolution and to declare such dividend or pms and to make sach all shall have been given prior to the Confirmatory meeting aforesaid. PATE IN WACHINGY FOR DIVIDENDS PATABLE IN HONGHONG. 103(b) Dividends may be paid in Hongkong Currency sach rate of suchange as the Ceneral Meeting declaring or sanctioning the same or, in the case of interim dividends, as the Board may deter
mine.
Should the above resolations be naused by the requisite majority they wil Se sabmitted for confirmation as special resolutions to a second extradinar Busting which wil be subrendently convened.
+
Dated the 20th day of March, 1919.
By Order of the Board.
C. MONTAGUE EDE.
General Manager.
BRITISH TRADERS INSURANCE COMPANY, LIMITED.
NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the registered one of the Company, Queen's Balding, Hongkong, on Thursday, the 10th day of April, 1919. at 5 o'clock KM, then the sabjoined resolations will be proposed as extraordinary resolu
:
1. That the nominal silver capital of the Company ar existing whe
this resolution is confirmed as a special resolution be converted into sterling and that och capital o converted be increased beyond the sterling equivalent of such silver capital when such conversion a pisce to the sum of £1,000,000 Sterling divided into 200,000 shares of the nominal value of £5 each.
2
That each of the issued silver shares of the Company of the nominal value of $83.35 each with the of $25.00 paid up there en be converted into three shares and two-fifths of one share of the nomina: value of £5 each with the sterling equivalent of $7.35 . Hongkong currency at the opening T.T. rate of exchange on the date this resolution is confirmed as a special resolution credited s paid up thereon and accordingly that 61.600 shares out of the 200,000 shares of the nominal value of £5.each constituting the capital of the Company sc converted and increased be distributed by the Board, to the persons who are registered a shareholders of the Company on the date this resolution is confirmed as a special resolution in exchange for the silver shares then held by them. That the Articles of Asapciation be altered in manser following namely:--
By the insertion after article No. 106 of the following Article.
EMPLOYMENT OF EVE FUNDS.
106 ( The Board may employ the fands, of the Company bich hase been established-parsant to the provisions of Article 155 or any of them or any portion therecf (and that whether such fund. or each portion as is proposed to be dealt with were set aside for - special purpose to which they are proposed to be applied or for any other purpose of not) in or for all or any of the following parposes, that is to say, in meeting contingencies, in equalizing dividends, in paying special dividends or bonuses. in repairing improving and maintaining any of the property of the Company, or otherwise in the basiness of the Company, and it or for adez other purposes as the Board shall in its discretion think and scie to the interests of the Company and in regard to any such employ ment as aforesaid the Board shall not be bound to keep sich fand separate from the other assets.
By the insertion of the following Articles after Article No. 107.
BONUS MAT BZ XT OTY AGAINEY Cabin
107a (1). Asy general meeting at which a dividend a bodas is declared or sanctioned may make a call on the members of suct amant as the meeting 5xes but so that the call on each member shall not exceed the dividend or bonus payable to him and so that notwithstanding the provisions of Articles 18, 19 and 20 the call may be payable at the same time as the dividend or bonus and the dividend or bonus may, if so" arranged between the Company and the member be set off against the call. The making of a call under this Article shall be deemed ordinary business of an ordinary. general meeting which declares a dividend.
(2). After any resolution has been passed under the provisions of paragraph (1) of this Article the Board may arrange on behalf of the Company for the dividend or bonus to be set off against the call by authorizing any person on behalf of the members from hom such call is due to enter into sa Agreement with the Com pany providing for each dividend or bonus to be set off against sach call and any Agreement made under such authority shael L Effectire.
It shall be no objection to any resolation, made ander, paragraph (1) of this artica or to any call arrangement that such relation was passed or auch call or arrangement was made at the meeting at which the resolution introducing this Article and Articlta 106 (s) was confirmed se a special resolution provided that dhe notice of the Jutention to propose auch fret mentioned... riadiation, and to declare anch dividend or bonus and to make sach call shall have be given prior to the Confirmatory meeting aforestid, RAM OF EXCHANGE FOR DITIDENDS PÁTABLE IN HONGKONG.
107 (b). Dividends may be paid in Hongkong Currency at such-ne of exchange se, the General Meeting declaring or sanctioning esme or, in the case of interim dividends, as the Board may holdi mine."
Should the above resolutions be passed by the requisite majority they mili matted for exfrmation a special resolutions to a second extraordinary buy which will be subsequently convened.
ted the 28th day of March, 1919.
THE HONGKONG TELEGRAPH. THURSDAY. APRIL 3. 1919.
EARLIER TELEGRAMS.
THE TROUBLE IN EGYPT.
1,€.;IN-C'S WARNING TO EOYPTIANS.
Cairo, March 20
At a meeting of Egyptian notables the Commander-in- Chie! declared that he was now forced to the necessity of employing measures for active repression which must bring tremendous suffering upon the people and result in great los of public and private property. It had been found im- possible to restore order merely by defensivo measures. It was the duty of every patriotic Ezyptian to do his utmost in order that the measures he was forced to take might achieve the desired results at the earliest possible with the minimum of suffering. He concluded with a solemn warning,
I intend to do my duty. It is for you to do yours,"
DAYLIGHT SAVING CONFUSION IN CANADA, ·
Ottawa. March 2$.
The House of Commons by 105 votes to 31 endorsed the Government's decision against the reensetment of the Day. light Saving Bill. A confused position is inevitable as all the railways intend advancing their time one hour on March 30 and most cities and towns are also adopting daylight saving, while rural districts continue to use standard time.
RACING IN ENGLAND.
London March 25,
The Grand National resulted as follows:-1, Poethlyn Twenty-two (113): 2. Ballyboggan (91): 3 Pollen (1007) ran and eleven finished. Foethlyn won easily by eight lengths, with six between second and third.
HAPPENINGS IN GERMANY.
A PROVISIONAL GERMAN NAVY.
Copenhagen, March 9. A message from Essen says the miners strike bas spread to eleven pits in the Dortmund, twelve in the Wit tea, and seven in the Bochum districts. A meeting of strik ers resolved demanding the formation of a revolutionary Workmen's Guard, the establishment of relations with the Russian Soviet Government and the disarmament of police in Germany. Eleven were killed and 37 wounded in a night between strikers and police at Witten.
"A message from Weimar says the Assembly has passed A bill to create a provisional Navy which Herr Noske said was to necessary to protect the transport of foodstuffs, remove the mines and protect fisheries.
RUSSIANS AND GERMANS IN COLLISION.
Copenhagen. March 25.
A message from Weimar states that in the National Assembly Herr Noske denied that German troops attacked Russian Soviet troops as stated in M. Tebitscherin's mes sage to Budapest. The German Government would under- take no offensive in Courland or Lithuania. Action safe. guarding the eastern frontier was unfortunately still requisite. but the Government only wished to live in peace and good neighbourship with Russia
SOME BRITISH DUKES WHO WERE TRAITORS.
STRIPPED OF TITLES.
London, March: 20. The "Gazette" announces that the King nas directed that the following persons who adhered to His Majesty': enemies during the war be deprived of their titles, namely the Duke of Albany, the Duke of Cumberland, Prince Ernest Augustus (Duke of Brunswick) and Viscount Taaffe.
GERMAN POST-WAR MEMACE IN TRADE
AMERICAN PRECAUTIONS.
Washingtou, March 7,
The Government has taken an important step to combat German designs for reconquering American markets by noti fying the users of dyes, chemicals, fertilisers and other prodacts which originated in Germany that importations from Germany will be subject to prosecution as an infringe- ment of patents licensed under the Enemy Trading Act. It supined that this action will block the German place for damping large accumulated stock with the intention of underselling new 'American industries.
RELIEFS FOR AMERICAN, SOLDIERS.
Washington, March
The War Department has prepared an immediate call for £ity theasand volunteers for service in Europe to relieve members of the American Expeditionary Forces in France. who desire to return
THE GATHERING OF GENERALS.
London, March 29.
The "New York Herald" referring to the summoning of the Allied Generals states that the American and British delegations do not favour the proposal to mobilise all Allied and friendly peoples from the Baltic to the Black Sea under Marshal Foch's command.
UKRAINIANS AND POLES:
Berne, March 30. -
The Ukrainians have agreed to negotiate with the Poles with regard ́tó an armistice' provided a certain line of demarcation is established to which the Allies have agreed
MINERS RETURN TO WORK.
London, March 28.
The Miners' Federation has issued a manifesto urging the men to continue working end vote for acceptance of the Government's terms. The situation in the South Wales „rgalfield has considerably improved. Over thirty thousang
mers decided to return to work immediately.
FRENCH LUXURY TAX.
zslame
By Order of the Board,
O. MONTAQUE, EDE,
the Chamber, Chotikbed the Luxury Tax
Paris, March 2 Government's opposi
Glapers). Mannga.
VICTORIA
THEATRE
TO-NIGHT
9.15 p.m.
Mrs.
TO-NIGHT
CHARLIE CHAPLIN
(Mildred Harris)
IN
"THE PRICE OF A GOOD T ME
EARLIER TELEGRAMS.
BRITISH NAVY'S LESSONS,
(
ADMIRAL BEATTY ON OUR EXPERIENCE.
London, March 29. Admiral Beatty speaking at Liverpool on the Navy's services during the war tributed Liverpool's efforts in fitting out the famon's Tenth Craiser Squadron, which during the war maintained a rigorous blockade on Germany. He said "That blockade was one of the most important factors in bringing about the defeat of the enemy. Its maintenance demanded seamanship of a high order with vigilant and untiring devotion to duty. Stretched across a waste of waters from the West Hebrides to the Arctic icefields they kept their watch and ward in weather that had to be ex- perienced to be understood. Every ship sighted had to be boarded and examined and they also had to contend with the enemy which appeared in many guises. Raiders mag- quéraded as peaceful merchantmen and blockade rahners exercised every stratagem to avoid detection, while the ubiquitous submarine was a constant menace. with other great services", continued Admiral Beatty "the Nary had learnt many lessons during the four and a half years just past. We had made many mistakes and it is our business today to see that the lessons have been takes to beart and that we shall not again be found in such a state that we have to face the greatest crisis in history with the improvised methods of working from band to mouth."
In common
"We in the Navy know full well our own defects and it is car business to efface them and to avoid repetition of the mistakes from which we have suffered in the past The work of reconstruction has to be taken in hand with foll knowledge of our requirements learned by bitter experienc in the past four and half years. It must be our endeavour to profit by that experience. The Navy was to-day what it had been for the past 300 years, the gore shield of Britain and the British Empire. That sare shield must be kept sure by clear thinking and concerted effort on scientific lines. In the necessary struggle for retrenchment such economies as will certainly be required must be "applied with wisdom and proper understanding of the problems be Tore us in the light of knowledge gained during the war. Only so should we avoid impairing the essential efficiency of the Nary. The Navy was a shield and not a rattling sabre. The Navy. and Mercantile Marine had learned to know and respect each other as never before and it must be their care to foster and strengthen that feeling so that in future and for all time the Royal Navy and Meresatile Marine together should provide a sore shield which would enable the Empire to continue and prosper."..
BRITISH NAVY DISTRIBUTION.
London, March 28. Beuter is authoritatively informed that the postwar dis- tribution of the British Navy will be the Home Fleet and "seven foreign squadrons stationed in the Atlantic, West Atlantic, China, Cape, South America, East Indies and the Mediterranean.
TRADE WITH AUSTRIA.
London, March 23. The Preas Boreau pablishes a message from Paris that Mr. Lansing, Mr. Balfour, M. Pichon, Baron Bonnino and Baron Makino meeting to day decided to raise al restric- tions on commerce with German-Austria immediately the necessary machinery is established to prevent refexport to Germany.
A VACANT BISHOPRIE
London, March 28. The Bishop of cofistiks resigned, desiring greater Leisure for writingsfuil preaching.
:4
"
COMMERCIAL NEWS.
EXCESS PROFITS DUTY.
The Excess Profits Duty was & veritable millstone round the neck “ of the business man, and infess this crushing handicap on efficient production was quickly and mater- ially reduced and speedily aban- doned altogether, it was useless to expect British trade to bound forward, or, indeed, to make any progress at all. That is what Lord Inchcape told the share- holders of the London Provincial Bank. There was nothing more urgent than that we should re- cover our money sense, and begin cutting our coat according to our cloth. If we did not we should find ourselves on the slippery side of a rake's progress, which, in persisted in, could only have one end. We must remember the formula that "You can't get rid of the day of reckoning." A moderate estimate of the annual revenue required in the immediato future to meet current expendi- ture and interest and sinking fund charges of the debt is £600,000,000 |to £700,000,000.. That is formida- ble enough, but Lord Inch- cape, representing in this case the considered opinion of all qualified men, insists that Excess Profits should go. Without this duty, estimated to provide £300,000,000 of the current year's revenue. the Budget problem is dismaying: Borrowing is only giving new hostages to the day of reckoning. If the country's credit is to be maintained we must live within our income and not on our capital. The wealth of the country can only be built up by spending leas than its income.
INJURIOUS NIGHT WORK.
Capt. M. Greenwood (Lister Institute of Preventive Medicine), speaking at a meeting of the Royal Statistical Society, said that the rates of labour wastage in factories employing women had been computed for a large nam- of factories. In very few factories were more than 70 per cent., of the entrants still at work at the end of three months, while in same the percentage tell as low as 65 to 70. This heavy wastage was much reduced by organisa- tion of the Factory Welfare De- partment. Data collected showed that a system of continuous night work led to diminution of offici ency and probably deterioration of health. In several processes & redaction of hours was ́ attended by not only a relative, but even Jaa absolute increase of outpat.
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