14
CANADIAN PACIFIC
STEAMSHIPS ~ RAILWAYS HOTELS -- EXPRESS
:
SHORTEST AND QUICKEST ROUTE ACROSS THE PACIFIC TO VICTORIA & VANCOUVER
17 Days Hongkong-Vancouver, 14 Days Shangbal-Vancouver
11 Days Kobe-Vancouver, 9 Days Yokobama-Vantonfor
Boogkong Shangbai
Kaba Lanya
Yokohama Vancouver
LSAYD Arrive
Deo. 26 Jan. 4
Jan. 23
Jan. 31 Mar. 1 Mar. 22
17
1
May May 30 June 21 July 12 July 25
LASTO-
Lesta
Empress of Asia
Deo, 18
Deo. 21
Deo 24
Empress of Canada
Jan, 15
Jan. 18
Jan. 21
Empress of Russia
Feb. 12
Feb. 15
Feb. 18
Empresa of Asia
Mar. 5
Mar.
Mar. 11
Feb, 20 Mar. 13.
Empress of Canada
Mar. 19
Empress of Russia
Apr. 0
Mar. 22 Apr. 12
Mar. 25
12
Apr, 15
Mar..27 Apr.
A
of Anin
Apr. 30
10
May D
May
17. MAY B
of Canada
May 16
May 18
May 20
May 22
June 4
Jone
June 10
Juon 12
June 25 June 28
July 1
July 3
Aug. 20
July 23 July 20 Aug. 7 Aug. 19
July 10 July 13
July 15
July, 17
26
July, 20
July 31
Aug. 12
A
23
Aug. 20
26
Bepl
Bapt. B
Sept 17
Sept. 20
Sept. 23
Empress of Japan Empress of Asia
Val., 2
Oct 5
Vel. 7
Sept. 20
Oci. 0
Oct 13
Ort. 18
Oct. 21
Oct. 23
Empress of Canada
Oct. 30 Nov. 2
Nov. 4
Nov. 6
Empress of Russia
Nov. 12
Nov. 16
Nov. 18
Nov. 20
Regular sailing hour "Noon.
of Russia
of Anin
ress of Canada Empress of Russia Empress of Japan Empress of Asin Empress of Canada Empress of Rusin
Bent
14 .90
Aug. Sept. 11
AUF. A* 22
Sept. 19 Uci.
Uct, 17 Nov. 1 Nor, 14 Nor, 20
(E/Atia & E/Russia call af Nagasaki the day after departure from Shanghai.) ~Alimatic asilinga.from Montreal and Quelles every few daya in Liverpool,
Southampton, Glasgow, Antwerp, Cherbourg and flamberg-
HONGKONG-MANILA SERVICE
Inave Hongkong
Arrive Manila
Lentel
Dnc. 12, p..
Dec. 141
Dec. 28, p.m.
Doc, M
Empress of Asia Empress of Canada.
25 Rail Dec. 14 Dee, 30
CANADIAN PACIFIC EXPRESS
TRAVELLERĄ OKEQUES PAYABLE THE WORLD OVER.
Arrive... Hongkong
Der, 16 Jan, 1
THE HATEST AND MOST CONVENIENT WAY TO CARRY FUNDS.
Passenger Departmen! 1 Freight and Express!
Tel. C.-762,
Tel. C. 42.
Catilas: "GACANPAC." Cables "NAUTILUS.**
AUSTRALIAN-ORIENTAL LINE, LTD.
41
Changte" & "Taiping."
THESE NEW VESSELS MAINTAIN A REGULAR SERVICE FROM HONGKONG TO AUSTRALIAN PORTS.
..
VIA MANILA, AND THURSDAY ISLAND Through Bills of Lading ismied to all Australian, New
; 11 Zealand and Tasmanian Ports.
EXCELLENT & MOST UP-TO DATE FIRST & SECOND CLASS
PASSENGERS ACCOMMODATION. HONGKONG TO SIDNEY-19 DAYS.
STEAMER
CHANGTE
Dus ilcoxOKON
10th December.
DUE TO BAIL
17th December
TAIPING
7th January
14th January 18th February 18th March
CHANGTE
TAIPING
Tel 0: 36
11th February
11th March
For Fraight & Passago, apply to -BUTTERFIELD & SWIRE
Agents.
THE SWEDISH EAST ASIATIC ·
COMPANY, LIMITED.
SERVICE OF FAST MOTOR VEBBELS. Loading threet For
ROTTERDAM, AMSTERDAM, HAMBURG AND SCANDINAVIA
Landing about
THE HONGKONG TELEGRAPH,
LOCAL COMPANY'S AFFAIRS.
(Continfied from Page 3.) dates when such payments were made and by arid to whom they were
mudo?
A.-Dates or ropayment are shown in the statement referred to In reply to No. 10. The records do not show by and to whom they
were made.
SATURDAY, NOVEMBER 30, 1929.
Mr. Chung at this point re- Q-Frederick Ellis, the manag ferred to the Articles of Associa-Ing director of the Company, had tion pointing out that the Directors $80,000 worth of the company's had power to borrow money for the shares and has been absent from purpose of the Company. Could-it the Colony since June, 1928. What be thought that borrowing money steps have been taken by the Direc and lending it out on shares was for tors or Liquidators respectively to the purpose of the Company? he recover the first call of $1 per share due by him after the winding.
asked.
Mr. Seth remarked that, Mr.up? Chung was practically asking him to reply in a different way to ques- tion No. 8. He was not a lawyer and could not give a legal opinion, Mr. Chung-Well, I suppose I am.
A-No legal stops have been taken by the Liquidators to re- cover the first call of $1 per share due from Mr. Fred Ellis, the late Managing Director, as from en- quiries they
made, his Mr. Chung asked Mr. d'Almada financial position does not warrant If he had come across anything in the incurring of heavy legal ex- the articles which gave the Direc-penecs. This attitude. I may add, has been adopted in consultation tors that power.
with the largest creditor.
Mr. d'Almada:-That is different issue altogether.
#
Mr. Soth:-There you arel Mr. 'Almada commented ho dal not think it was a fair question to put to Mr. Seth.
Q-in cases where such pay- ments were not made, what steps have been taken by the Directorg or by the Liquidators against the borrowers? If no legal steps were taken to recover the loans, can you or reasons why state the reason such steps were not taken either by the Directors or by the Liquidators? A-The Liquidators sold such securities as were realisable, and have endeavoured to collect what they could from debtors. Legal steps have not been taken to re- cover loans as the Liquidators' aro satisfied it would be a waste of
QDid any of the Directors Imoney. The Liquidators are en-(members of the finance committee) deavouring to compromise with personally accept his share of res debtors where possible, rather than ponsibility for the loan and/or take extreme measures because, in guaranteed the same? their opinion, it will be more beno A.The answer is in the affirma- ficial to the company.
tive.
Mr. Soth: Yes, I am not lawyer and I don't pretend to be
one..
Q. As the answer is in the af- firmative, please give their names
A.-Mr. Fred Ellis.
Replying to another question by Mr. d'Almada as to what loans were recovered by the banks them- selves, Mr. Seth said that shares
-Please furnish us with a de- were deposited in one, two or three-tailed-list of all-contributions-made- banks and were sold, the amounts by all the Directors from time to received being accounted for to the time to the company from its in- Company. "In some cases we sold ception to the present date? and the proceeds were paid into the
A-The list of contributions is bank."
open to inspection."
Mr. d'Almada asked if it had
Q-Grants from the Government whether been considered
the were made to the Company in res majority of persons who had bor-pect of Inland Lot No. 2454 and rowed money from the Company Inland Lot No. 2520 (extension) were men of straw or not.
tuate in Wongneichong in July and November 1924 respectively Con you tell us the reason gr rea sons why the Directora did it build thereon. notwithstanding the fact that certain applicants for sites thereon had paid their respective premia therefor?
Mr. Seth replied that if their securities did not cover their loans, he thought it would be very doubt ful if they could get much back. If Mr. d'Almada referred hack to the December 1926 balance sheet he would see there was a reserve against doubtful debts of $350,000. Hr. d'Almada:That is right. Mr. Seth: That was provided for on the advice of the auditors, my firm.
SHIPBUILDERS,
SHIP REPAIRERS,
BOILER MAKERS,
FORGE MASTERS, OXY-ACETYLENE AND
ELECTRIC WELDERS, MECHANICAL AND
ELECTRICAL: @
A-I regret I am unable to sa certain why the Directors did not proceed with the development of Inland Lot 2454 and Inland Lot 2620 at Wongnelchong.
have
•
Hnd No Power. Mr. d'Almada said that that was not a full answer. Could Mr. Seth any if the Directors had taken any steps in the matter?
*!
Mr. Seth' replied that the Diroc- tors hind no power, as, once a Com pany went into fiquidation their powers ceased. There was no call before liquidation.
Q-Will you kindly, produce for inspection the agreement of Octo-
1923, ber 18,
"made between Frederick Ellis of the one part and Denis. Henry Blake, trustee on be half of the company, of the other part, mentioned in article 8 of the Articles of Association?"
A-I have here a draft of the. Agreement referred to and it isTM open to inspection,
Q. Why was this agreement not registered with the Registrar of Companies when the Memoran- dum and Articles of Association. were filed?
A. There was apparently no necessity to register the agree ment as it was adopted on the incorporation of the Company.
:
Mortgage Query:
Mah
Q. Can you state any reason why a mortgage of $80,000 lent on the security of section "C" of Inland Lot No. 151 to one Pak-mul was not registered with the Registrar of Companies as re- quired by law and why the Liquidators have not, up to No-
Continued on Page 15.) «
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
OF HONGKONG, LIMITED.
Wireless Call V.P.R.X. 809 Habers.
SALVAGE TUG “TAIKOO"
ENGINEERS.
THE
BLUE FUNNEL
REGULAR AND FAST |
FREIGHT. AND
SERVICES
PASSENGER
LONDON SERVICE "ANCHISES" **TERSRUS"
3rd Dec. Mos Londen, R'dam &¤'gow 10th Dec. 'les, London; R'dam &-ll'burg *Calls of Casablanca.
45
LIVERPOOL SERVICE
"CYCLOPE "ANTILOCHVE"
20th Dre. Genon, Havre, L'pool a Gʻgow 20th Jan, Genoq, Havre, L'pool & Gʻgow
_PACIFIC_SERVICE
vin Kobe & Tokoham
"ТЕОСЕЦ" "TALTHYBIUR**
.lat 1,
INWARD SERVICE
"ACHILLEN** "ANTENOR"
Oth Dee
12th Doc.
Vietača, Vancouver. & Brattle View a, Vanooover Genttia
Por
S'hai, Maji, Kobe & Yoku. N'hui, Taingtan & Daiten
PASSENGER SERVICE
"ANCHISES“. "ANTENOR"
3rd Dec.
13th Dec.
"PATBOOLUB" 24th Dec.
Bingapore, Marseilles & London Shanghai, Taingan & Dairen Singapore, Marsailles & London
Alao cargo learners with limited passenger accommodation at specially reduced faros.
For freight, passage rates and information apply to
BUTTERFIELD & SWIRE.
...
Taiyo Maru
Agenta..
Kashima Maru......... Hakone Maru ...
الليلة لا
Wednesday, 11th Doc. Wednesday, 5th Jan.
Monday, 2nd Dec.
Monday, 16th Doc.
Saturday, 30th Nov.
Saturday, 14th Dec,
Wednesday, 25th Dec, Wednesday, 22nd Jan.
Sunday, 1st Dec. Wednesday, 11th Dec.
Bunday, 22nd Deo.
Friday, 6th Deo.
Thursday, 19th Deo.
Tuonday, 10th Das.
Monday, 9th Dao
Saturday, 30th Nov.
Monday, 2nd Dec.
Monday, 9th Deo.?
M V. CANTON" 8.S. CEYLON?"
SHANGJIAI, JAPAN PORTS and VLADIVOSTOCK, E
8.9. CEYLON"
...
Tel. Address *————~ TAIKOOBOCK " Hongkong.
10th December 12th January
8th December
Call Flag:
G. E. HUYGEN.
Canton,
For further particulars apply to the Agents`
GILMAN & CO., LTD. -
Hoogkeng.
MOM
MESSAGERIES
MARITIMES
FRENCH MAIL STEAMERS.
Sailings from. Hongkong.
T. MARSEILLES via Salzon,
Singapore, Colombo, Djibouti
(Aden) Suez, Port-Said.
3rd Dec. CHENONCEAUX.....
17th Doc. ATHOS II...... D)ARTAGNAN...... 31st Doo, ANGERS.......... 14th Jan. SPHINI............... 28th Jan. G. METZINGER... 11th Feb. 'ANDBE LEBOW......25th Feb, FORTHOS........... 11th Mar.
To YOKOHAMA vin Shanghai
8 Lobe.
. D'ARTAGNAN......... 4th Dec, ANGERS.......... 18th Dec. SPHINX .....
1st Jan.
G. METZINGER......15th Jan, ANDRE LEBON... 29th Jan, PORTHOS.......................... 12th Fob CHENONORAUX... 26th Feb ATHOS II........... 19th Mar,
We can issue through tickets to Egypt, Byrlan ports, East Africa, Madagasoar by transhipment on our malf steamers at Port-Said or Djibouti.
COMMERCIAL LINE,
.
From DUNKIRK Hamburg, Rotterdam, (Antwerp)":
For full Particulars, apply to:
Telephons Mx. 212 Central.
H
uvar "ANS. PENNANT."
-DRY DOCK---- Length 787 Fost.
Length on Blocks 750 Fast.
Depth on Centre of BH(H.W.0.S.T.) 34 fl. 6 ins,
-THREE SLIPWAYS- Capable of Handling Ships up to
3,000 Tons displacement. Electrie Crane at Sea Wall, Capable of Lifting 100 Tons at 70 Feet Radius.
BUTTERFIELD & SWIRE, Agents.
HONGKONG, CHIRA'& JAPAN.-
BANK LINE LTD.
AGENTS FOR
ELLERMAN & BUCKNALL 8.8, CO., LTD.
SAILINGO SUBJECT TO ALTERATION WITHOUT NOTICE. UNITED KINGDOM & CONTINENT
"CITY OF SHANGHAI"...
ELLERMAN LINE
London, Botterdam & Hamburg...
9th December
NEW YORK, BOSTON & BALTIMORE AMERICAN & MANCHURIAN LINE
*CITY OF WINNIPEG" "URBINO"
via Buer Canal
5.4
vis Suez Canal
ALSO AGENTS FOR
"ANDREW WEIR
SERVICES TO
BOSTON, NEW YORK & BALTIMORE
LARCHBANK"
MAURITIUS & SOUHT AFRICA
***
CO.
NYIKLINE
REDUCED THROUGH TICKETS TO XUROPE VIA U.SA. VARYING
FROM 888 to BÍ20–ÓN SALE,
SAN FRANCISCO vis Bhanghai, Japan Ports & Honolulu
Asana Maru...
+
SEATTLE, VICTORIA via Shanghai & Japan Ports
Bbidzuoka Maru ......... Yokohama Maru
***
LONDON, MARSEILLES, ANTWERP & ROTTERDAM via
Singapore, Panang, Colombo & Buez.
SYDNEY & MELBOURNE via Manila & Ports.
***
Tango Maru *** Aki Maru BOMBAY via Singapore, Panang & Colombo,
Tokushima. Maru Sado-Maru
...
SOUTH AMERICA (WEST COAST) vin Japan, Honolulu,
Los Angolos, Mexico & Panama.
Anyo Maru...
SOUTH AMERICA (EAST COAST) via Bingapore,
Capotowa & Ports,
***
Wakasa Maru NEW YORK, BOSTON via Panama,
Takaoka Maru
47
***
LIVERPOOL via Port Bald, Constantinople,
Genos & Marseilles,
+Dakar Matu
CALCUTTA via Singapore, Penang & Rangoon.
Penang Maru
SHANGHAI, KOBE & YOKOHAMA,
1Genoa Maru
Awa Maru
Hakozaki Maru
Cargo only.
***
Reduced 1st class Excursion Rates quoted between
Manila and Australia.
For further information apply to:- HIPPON YUSEN KAISHA Tel. Central Nos. 292, 3897 and 3821. (private exchanges to all Depta,
INDO CHINA STEAM NAVIGATION CO., LTD.
SAILINGS SUBJECT TO ALTERATION.
Destination.
Steamers,
B0th November 81st December
70 TSINGTAV via SWATOW
3BANCHAI
Waiching
Hopsang
Yatshing
AMERICAN & ORIENTAL LINE
Brd January ORIENTAL AFRICAN LINE
幽
**
**
Pu
***
3rd December - ""TINHOW"" Loading for Mauriting, Durban, Beanian, Dalagos Bay, Raat London, Algen Bay, (Fori Elixabeth); Mossel;
Bay and Capetown. Through Bill of Lading issued to Balra, Quilimaine, Ibo, Port Amalia, Mosambigos, Chinde, Inhambane,
Zanzibar: Monbaan, Kilindini, Port Nolloth, Zäderis, Day, Walvis Bay and Madagascar.
Kwongsang
140 OSAKA vin AMOT, MOJI-- Yuensang
#KOBI
TO SINGAPORE PENANG.
# CALCUTTA
TO SANDAKAN
TO TIENTSÍN vĨN' FONCHOW
2 WEI-HAI-WEI
8, Queen's Building,
lephone Central 4791,
For freight or passage on any or the above fines apply.
THE BANK LINE. Ltd.
Cic. des MESSAGERIES® MARITIMES,
Telephones: C, 651 & 740,
Suiseng
Kumsing
Hosang
Namsang
Kutsang
Марков
Chipshing
Cheongshing
Bailings.
Buni lat Desʻat (7 qm. Wed. 4th Deo at
Bun. 8th Doo at -7 a m. Wed. 11th Dap at Thurs, 5th Dec st., 7 a.m. Wad. 18th Doc at 7am. Tues. 81st Dao at 7am
Mon. 2nd Dec at 3
Wed." 18th Dec ́àt:
Satur. 28th Deo at ~3
Mon 2nd Deo at 3pm.
Thur. 12th Deo at
Bun, 22nd Deo at
For freight or passage apply to
JARDINE, MATHESON' & 00., LTD,
Telephone 215, Central
General Man