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PEOPLE'S SAVINGS CORPORATION.
REASONS FOR WINDING. UP.
An extraordinary general meeting. of the People's Sering Corporation, Ltd., was held at Chips Buildings, yesterday, for the purpose of con sidering, and, if thought fit, pas. sing the following resolution:
That owing to the resignation of the Manager through pressure of his public duties, the Company bo wound up voluntarily, and that
FRIDAY, OCTOBER 10, 1924.
AUTUMN'S
LATEST
Robert Hormus Kotewall of Vic Wm. POWELL Ltd.
toria in the Colony of Hongkong be
and is hereby appointed liquidator
for the purposes of such winding-ANNOUNCE THE [up.
Mr. Li Yau-chuen presided. The
STEAM LAUNDRY CO. number of shareholders.
HEAD OFFICE & WORKS: YAUMATI, Tol. K. 32. HONGKONG DEPOT: 16, Stanley Street, Tol.-C. 1279, KOWLOON HOTEL DEPOT:
KOWLOON DEPOT: 19, Canton Road.
CANTON: 19, Sharki Central, East.
HONGKONG HOTEL: (Visitors only).
Write or Phone for complete Price List.
SPECIAL CLEARANCE
SALE
CANTON EMBROIDERIES, SHAWLS, SWATOW LACE, DRAWN THREAD WORK. IVORY WARF, -- CURIOS, LAMP SHADES, AMBER NECKLACES, oto., oto.
BEADS,
A Geniune opportunity for you to buy high olase goods at very cheap prices.
FOOK WENG & CO.
Astor House Building.
ZEISS
JALYABLE
ALL LEADING
CARLOWITZ
Fat M
STORES.
Sole Agents for China, Bank of Chin Buildinz. Hanzkonz
: CO.
F. C. HIGGINS
TAILOR-
Late of J. T. SHAW. No. 17, Ice House Street, (NEXT TO HUGHES & HOUGH).
TEL
TEL 4848.
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M. Y. SAN & CO., LTD.
FRESINAD CHOICE SELECTED BEST YOUNG STER GINGER THIS SIDE UP WITH CARE M.Y.SAN & CR 172
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Ginger
nurubor
The Chairman said the People's Bavings Corporation has been
ARRIVAL OF
established for two years and ten A DISTINCTIVE
months, and though the business
had not been very good it had
COLLECTION
shown steady progress. This was AND FASCINATING abown by the fact that whilo, the balance sheet for the year 1922 abowed a profit of about $28,000) ibat for Cho following year recorded a sum of $41,000. In view of the getieral trade depres sion the results could be considered OF satisfactory. There were overal
factors which bad prompted the Directors to on this meeting. The
main object of the Company was GOWNS.
to carry on banking lasiness in all
its usual branches. They took up
shares in the Chinese Estate L
estne
the owners of China Buildings with the object of transferring the offices of the People's Savings Corporation to the ground floor vi the new premises. The Directors, bad, however,
to the conclusion tbut the tireo wat inopportune trs enrry out the project in view of the high rents! and the increased stali necessitated by the expansion, Furthermore. the Manager of the Corporation, the Hon. Mr. Kotewall, bir sigai- fed his intention more that once! to resign on recount of the pres sure of his public duties.
The Chairman continued that in regard to the balance sheet for the first half year of 1924, which bud! hern audited, the Company would return all the unpital la respect of founders' phares and debentures. together with interest at the rate of eight per cent per annum 'Gu abores nad saven per cent per
IL anuni on debenturer,
Was
to
COATS.
CAPES.
MILLINERY.
CREATIONS.
EXQUISITE
IN FABRIC WINE)
FINISH!
NEWEST
AUTUMN
SHADES
AND AT PRICES
THAT ARE
QUITE AS
ATTRACTIVE AS
THE FASHIONS
THEMSELVES.
A CALL WILL BE APPRECIATED
BY
Wm. POWELL Ltd.
12, Des Vœux Road Central.
EARLIER TELEGRAMS.
THE CHINA WAR.
expected that there would be some surplus for distribution ameug the shareholders and defeature holders. This was, however, a matter for the liquidator. It was the general desire
tin Directors appoint the Ilon. Kotewall asi liquidator in view of his intimate knowledge of the affairs of the Company ilo was pleased to say tint Mr. Kotewall hul expressed his willingnora to accept the appointmrut, on condition that the
of with communications to Sungkinng is cut off. Other sectors are return of capital, payment interest and distribution of the quiet. surplus would be completed in not!
(Our Own Correspondent)
Shanghai, Oct. 9.
• Fighting is continuing for the possession of the railway which
Shanghai, Oct. 9.
more than three instalments. The The Kiangsu capture of Sungkinng is reported by a foreign Chairinna, noncluded by paying a observer who proceeded within sight of the firing this afternoon, lessening in glowing tributo to tl excellent ascertaining, however, that the Kiangsu drive is work done by the Hon. Mr. strength and the firing generally subsiding, probably due to the Kotowall as Manager.
lack of munitions on both sides.
No questions hoing asked the' The Chekiang withdrawal was conducted in an orderly manner. Chairman proposed the aforesaid The major forces south west of Sungklang are retreating through resolution. Mr. Lo Chung-ke the waterways and through the city into now defensive positiona seconded and the motion W which are being established to-night thros miles north east of
carried manimously
that an honorarium and bonus of
Sungkiang.
Mr. Shum Pak-nuing proposed! It is admitted that the capture of Sungklang is a grave Chekiang $5,000 be given to the Hon. Mr. disaster, endangering more than ever the Lungkus arsenal which Kotowall in recognition of his is now fifteen miles from the battle lines.
Fervices. This proposal WIN carried inopimonsly.
The Chairman announced that
a confirmatory ingeting would held on the 2701. int.
A JUNK SUNK.
CARGO OF STONE LOST.
bo
A Mukden dispatch admits that the Fengtien casualties in the recent Shanhaikuan fighting were from four to five thousand.. Three trains were dispatched to bring in the wounded, but it claims that Fengtlen is continuing to advance after the capture of many villages on the outskirts of Shanhaikuan and predicting the immi- nent capture of the city.
:
Shanghai, Oct. 9.
General Wong Ping, commanding the retreating Cheklang forces from Sungklang, attempted to enter the French Concession to-night but was refused permission becauso he was in uniforms. -Reuter.
Tokyo, Oct. 9..
Reports from Mukden stata that the Fengtien forces completely A cargo junk was sunk off Lan- tao Island whilst on a voyage to occupied Shanhalkwan last night, routing the Chihil army, which Macas with a cargo of stone on is retreating toward Chinwangtao in confusion.
The boat Well informed persons here are of the opinion that there will Wednesday morning.
of the Chihli forces are ran into choppy seas at Fan Lo be no further hostilities, but that many Point, became swamped and sank. going over to Chang Tso-lin and that probably Tuan. Chih-jui will There were oleven, people on board offer his good offices between Chihli and Mukden,~Router.
SAN & CRI
and all of them were saved.
junk was valued at $3,000.
BEAD OFFICE Nos. 12 to 100, Quoon's Rd. C.
FACTORY Carron toad, Kowloon BRANCHES AT: Manila, Singapore, Shanghai, Canton, China
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FATHER BANCHI'S
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has at all time4 boneftied by his ready advice and counsel. Father: Bacchi's unostontatious services in the onuse of Christ and in tho interest of the community ware! A large gathering comprising the difficult and varlod, and he leavO6 Procuratora of the various Missions Ilangkong happy, in the thought in Hongkong, the Catholio Institu- that he has accomplished success- tions and Colleges, together. with fully what was entrusted, to him. tha Pro-Vicar Apostolic and. hie Father Bauchi's recall to Milan elergy, accompanied and bado to sorvo the interests pt the Milan- "God Brood" to the Reverend asa Mission, will bring him added Father A. Bandhi, Rector of the responsibility. He is globen, un- Cathedral, Hongkong, yesterday, doubtedly, on account of his ability. Lon the father's departure by the and wide experience in the. Ohina s.s. Flume to Milan, after 24 years Mission Helds We wish tho pfractive missionary life in Chian. roverend father opery success-in WORLD THEATRE. The Rector has endeared himsell his new phars of activity and; fool
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Call at the MING YUEN STUDIO Battery Path) and inspect specimen groups,
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·HONGKONG HARDWARE CO.
"TAI LEE CHAN.”
Estr. 1884 --
METAL GOODS Tel. No. C. 1wwa.
and
HARDWARE.
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