STEAMBOAT CO.'S ARTICLES.
AMENDMENTS EXPLAINED AT MEETING TO-DAY.
APPROVAL GIVEN.
Formal business only was done at this morning's, meeting of the . Hongkong, Canton and Macro Steamboat Co., Ltd. The amend ment of certain of the Company's Articles of Association, for which the meeting had been called, was passed without question.
Chairman's Speech. Addressing the shareholders, Sir Robert Ho Tung, who presided, said:-Gentlemen,-As indicated in the notice which has just been read by the Secretary, this meet- ing has been convened for the pur- piase of considering, and if thought fit. approving certain alterations in the Articles of Association of the Company.
The nature of the alterations has been fully set out in the notice, and it is unnecessary for me to go through each clause in detall. But in order to prevent any misapprehension I should like to explain rather more fully the reason for substituting a new Article 95 in the place, of the existing one.
Under the existing Article, the Directors are to be paid at the rate of $9,000 per annum, and such further sums, if any, as the Company in xeneral meeting may from time to time determine, such remuneration to be divided among them in such proportions | as they may determine, and in default of such determination, equally between them. In 1924, the number of Directors was nine and the practice had been to divide the $9,000 between the nine directors.
At the ordinary yearly meeting 'of the Company held on the 1st February, 1924, it was duly pro- posed and secended and unanimously passed, that the fees of the Directors be raised from $1.000 to $1,500 per annum for each Director, and $2,500 for the Chairman of
DAIRY FARM CO. CAPITAL.
Continued from Page 1)
Company's Share Register as the holders of the said 200,000 issued shares at a premium of $7.50 per share and so that on acceptance of the offer the nominal value due in respect of such new shares plus the said premium
of $7.50 per share $15.00 (making shall be payable in full. Such per share) new shares (when allotted) shall rank for dividend as from First day of January, 1931, the and in all other respects pari pas with the shares con- stituting the Company's present Issued capital.
THE
HONGKONG
TELEGRAPH. TUESDAY, SEPTEMBER 23, 1930.
WANCHAI MOTOR INCIDENT.
EUROPEAN FINED FOR "CUTTING. IN."
LADY'S EXPERIENCE.
Mr. L..J. J. Caron, of the Nether.
fore Mr. Lirdsell at the Central Po and Trading Society, appeared be; lice Court this morning on a aum- mons taken out at the instigation
CHANGE-OVER IN THE NORTH.
(Continued from Page 1.)
Northern Triumph.
Viewing the northern develop- ments from all sides, observers
接
ICE CO. ANNUAL MEETING.
CANTON HOUSEHOLDERS YET TO BE EDUCATED.
predict that the occupation of Pe-. THE YEAR'S PROFITS. king and Tientsin will mean
the Peiyang, or triumph for
of whom
claims to be the chief promoter. Northern militarista General Chang Hsueh-liang now
In his demands to the Feng Yen group, General Chang Hsueh- of Lieut. Col. T. A. Robertson ac-liang suggests a peace conference cusing him of negligent driving in
at Peking or Mukden and simul- Wanchai on September 11 at 8.30 taneously he agreed to permit the Shanst forces to withdraw peace fully from Chihli Province.
1.1.
Y
(b) That such offer as aforesaid be made by notice specifying the number of new shares to which the member is entitled und limiting the time or times within which the offer if not accepted by the member either on behalf of such member or his nominee will be deemed to bu declined and that the Directors be at liberty to fix such respective times and to extend such times to such date or dates and upon such terms as they nay think fit and further that any of the said 50,000 new direction. shares which shall not be taken t Giving evidence, Mrs. Mitchell up by the Company's shure. holders in manner aforesaid be mentioned that she was just pass disposed of in such manner at in the Wanchai Market and a such time or times and upon proaching the bend in the road, terms as the Company's when a car, after the horn had been Directors shall in their absolute sounded, passed her. She applied discretion see fit.
the footbrake and pulled up within (e) That no shareholder shall be a foot to avoid an accident should
entitled to claim for a fraction the overtaking car swerve.
It did of an additional new share in not, however, swerve, but went respect of any odd share held straight on. There was a car ap- by hin (d) That the remaining 50,000 new Phares constituting the Com-
capital pany's unirsued
to issued it such time or times in such manner and for such purposes and upon such terms
The defendant entered a plea of not guilty.
The facts, according to the po- lice, were that the defendant, who was driving motor car No. 681, overtook a car driven by Mrs. E. J, R. Mitchell. The defendant cut in front of the other vehicle and was so close that Mrs, Mitchell had to apply her brakes to avoid an accident. There was also another car approaching in the opposite
such
and conditions in every respect us, the Company's Board of Directors may decide,
Mr. B. W. Bradbury seconded the resolution, which was unanimously adopted, and this concluded the business.
Mr. Warren, in the chair, was Supported by Messrs. T. E. Pearce, A.B. Stewart, J. Owen Hughes and Dr. Koch (Directors), Mr. A. Stevenson (Manager) and Mr. M. Manuk (Secretary), whilst share- holders present were Messrs. O.F. the Board of Ribeiro, B. W. Bradbury, Leung Directors. The proposer at that Yan-po, Chan Pun-kow and Chan time pointed out that the then Lai-pan. reale of rentineration had been }}} force for over twenty-one ycare.
•
Not Legal.
The
FREE VISAS FOR THE PHILIPPINES.
A MUTUAL CONCESSION TO
HONGKONG.
Ever since 1924, and in purku- Jance of the resolution of the general meeting above mentioned. cach Director has been receiving $1,300 per annum and the Chair- man $2,500 per annum.
We are officially informed that Company's solicitors have advised the American Consulate General that, although the resolution has received instructions from the above mentioned would be valid | Department of State of the Ameri- RN evidencing a intention to can Government, to issue gratis increase the Directors' remunera-passport visas to British subjects tion, it was not in legal form in domiciled in the Colony of Hong- so far as it purported to give a kong who are not immigrants, and fixed sum to ench Director, as who desire temporarily to visit the this would be contrary to the pro-Philippine Islands from Hong- visions of Article 95..
:
Tehchow Retreat. Over thirty thousand Shansi "troups stationed at Tehchow, on the Shantung-Chihli frontier, are making preparations for a general retreat back to Shansi, The Man- churian Government is aciding an army of 120,000 men into China Proper, when over 60.000 Man- churians will be stationed along the Peking-Tientsin and Tientsin Pukow Railways.
POWELL'S
10, Ice House Street
Thoroughly British work- manship, high-grade mat-
Presiding at the ninth ordinary general meeting of the Hongkong Lid.. this morning, Mr. J. P. and Canton Ice Manufacturing Co.,erials, medium prices, and a world wide reputation Warren stated that the Company
for excellent service-these had arranged the distribution of ice through the Dairy Farm, Ice are a few reasons for the and Cold Storage Company's com- pradare, and the results had so far justified the step. He remark- ed that the average householder in
Canton had not yet learned to ap-i preciate the benefits of ice for thei preservation of, food, and the sale! to
householders Was therefore practically nil.
Chairman's Speech. Addressing the shareholders, the Chairman said:-Gentlemen, The report and accounts having been in your hands for some days 1 shall with your permission take read. The Auditors' Peking messages state that the them as Shanai forces have almost com- Report reads as follows:-"We pleted their withdrawal, which in- report that we have audited the cludes all members of the Govern- above Balance Sheet with the ment, who have left. for Taiyuun-books and vouchers of the Com- fu, where the Enlarged Kuomin- tang Plenary Session will continue obtained all the information and pany in Hongkong and have to function.
Take Over Delayed.
Peking, Sept. 22. The Manchurian troops did not proaching in the opposite direc-arrive to-day as expected and it is tion, but witness did not think that now stated that they will take over the defendant could have seen that control of the city to-morrow. vehicle.
In reply to the defendant, witness intimated that there was sufficient room for three cars to pass at that
INDISPOSED. -
Herbert Hoover, jr., eldest son of the US. President, who is to undergo special treat- ment for tuberculosis.
kong. The object therefore of the pro- This authorization has been posed new Article 95 is to re-made on the understanding that Consul General in gularise and to give effect to the the British resolution of the shareholders in Manila does not require passport| 1924 which has been acted on ever | visas for Philippine citizens since.
American citizens resident in the Philippine islands who are
particular apot, provided the road- pro- Unusual Clause.
ceeding on a temporary visit to way was absolutely clear. Under she did not Article 18 provides that no per- Hongkong. Gratis passport visas ordinary conditions. son shall be entitled to be regis-will therefore be issued to British think it was safe.
tered as the holder of more than of Itongkang temporarily visiting she thought it was fair to hold up subjects domiciled in the Colony The defendant asked witness if 8.000 shures of the Company. This clause is rather unusual in the Philippine Islands so long as the traffic by travelling at a speed articles of public companies in Philippine citizens and American of ten miles an hour. this Colony, and your Board con- citizens are not required to pre-
Mrs. Mitchell replied that she siders that no useful purpose will sent British visas from Manila, or
It is if so required, are issued gratis was travelling at 15 miles an hour.
could not therefore proposed to delete this visas for the purpose of visiting there at ten miles an hour in top clause from the Articles, and i is also proposed to amend by removing the restriction voting in Article 79.
be served by retaining it
new.
on
The proposed Article 92 (a) is Its provisions are to be found in many articles of public companies in this Colony, and your Board considers such provi- sions useful for our Company.
|
Hongkong.
TRANSPORT WORKERS'
FEDERATION,
INTERNATIONALISM URGED FOR WORKERS' GOOD.
I do not think there is anything further with which I need deal, but if any shareholder desires to ask any questions, or seck any explanation, I shall be pleased to answer such questions, and to give tries are. such explanation, to the best of my ability.
gear.
comfortably
A Manchurian armoured train is believed to be at Yangisun and another has gone along the Tien- tsin-Pukow line to Tehchow, it is believed. A cavalry brigade is ge- ing to Peking by road from Shan- baikwan.
Preparations are being made to station troops in various places, in temples and barracks in and around Peking.
explanations we have required. In our opinion the above Balance Sheet is properly drawn up so as to exhibit a true and correct viewi of the state of the Company's affairs on the 31st July, 1930, according to the best of our in-! formation and the explanations given to us and as shown by the books of the Company. Shamcen Lot No. 20 is still held in trust by The Dairy Farm Tee & Cold Storage Co., Ltd., pending formal transfer to this Company."
During the period under review as stated in my speech last year, we made various attempts through various channels to improve the The members of the enlarged sale of ice and I am glad to say Plenary Session left Peking early that we have, now arranged the on Saturday. They returned later distribution through the Dairy and held a meeting on Saturday Farm Tee & Cold Storage Com afternoon and left again yester- day. All the members Hopei Provincial Government left yesterday except two who are standing by to effect the transfer to the new comers.
of the pany's compradore and the results so far have justified the step taken and we hope to be able to show better results next year. The consumption of ice, in Canton Is very small as the average house- holder has not yet learned to ap- preciate the benefits of ice for the preservation of food, the sale of ice the householders is therefore! practically nil
Several newspapers subsidised by Shansi have closed down and their staffs have departed. The so-called State Bank has posted a notice stating that from to-day they are removing to Taiyeanfu where they will carry on us usual. Yun Hsi-shou has wired to the authorities here saying that the despatch of the Manchurian troops in not a hostile move towards the Northerners, hence all officials mast carry on pending the Man churians' arrival and then hand over without a hitch-Renter.
You will observe from the accounts that during the year we made a profit on working of $15,498,56, but the whole of this amount has been appropriated as shown in the Profit & Loss of Account and a further sum $1,918.03 utilised from the balance brought forward from the last statement of accounts after the Other Information,
reduction of the capital, thus Tientsin, Sept. 22. Former Tientsin Customs staff, leaving $7,595.57 at the .credit of numbering one hundred and eighty Profit & Loss Account to be persons, who were ousted by Marcarried forward to next year's shal Yen Hsi-shan are expected to return to work to-day. The at- titude of Mr. Lenox Simpson is not known. Reuter.
Mukden's Proclamation.
Tientsin, Sept. 22, Tientsin, to-day, is entirely denuded of Shansi troops Mukden now has complete con-
trol.
and
The change over was accom- plished in the most orderly man- ner, the Manchurians looking on from one platform of the Central from another. Station while the Shansi-ites left
For the present the majority of the newly arrived soldiers are In reply to his Worship, the de- being confined to the railway pre- fendant said he admitted the facts, mises with the exception of two or but argued that it was not danger-three trainloads who have already ous to pass a car at that point.
followed in the wake of the His Worship said that it was, in Shansi-ites to Peking. fact, the most dangerous and nar- rowest portion of Queen's Road at the spot where the incident oc- curred.
London. Sept. 22. The biennial Congress of the International Transport Workers he disagreed with that. Federation opened at Caxton Hall
The defendant said he was afraid this morning. Thirty-five coun His Worship:--1 entirely dis- represented including agree with you. I say it is not India, Palestine and all European, safe to overtake a car there unless countries except Russia.
you can absolutely see the road This is the first time the Con- ahead. You admit the facts, but gress has met in Great Britain hold that it is not dangerous, while in China. since the War.
I hold that it is dangerous. You Mr. C. T. Cramp, in his pre- are fined $10. (chair-sidential address said that inter-
The motion was seconded by the Hon. Mr. J. P. Braga and unanimously approved.
The Directors present compris.
ed Sir Robert Ho Tung
Account.
For the first time, a provision · has been made to pay the Directors and the General Managers. The General Managers have not exercised their right to collect the Full annual fee of $1,800 in. respect of office expenses.
During the year Mr. Coxon hav-1 ing left the Colony, Mr. A. B. Stewart was invited to fill the
vacancy.
The Plant and Machinery is maintained in good order and condition..
With these few remarks I beg to propose that the report and accounts as submitted be adopted. and passed.
Mr. Ho Kom-tong seconded the adoption of the report and accounts and the motion was carried unani- mously.
Other Business.
It is indieative of the desire to avoid unpleasantness that the
On the proposition of Mr. A. Manchurian commanders have or- dered the removal of a number Macfarlane, seconded by Mr. Chan of offensive anti-Shansi posters Lai-pan, Messrs. A.B. Stewart and which appeared in the city yes- Ho Kom-tong were re-elected to the terday, and have posted proclama- Board of Directors, and Mesars, tlons announcing that Mukden's Percy Smith, Seth and Fleming intention is merely the preserva- were re-appointed auditore, on the tion of order and the safeguarding motion of Mr. A. Stevenson, second- of the public interests and the ed by Mr. Leung Yan-po.
Supporting the Chairman were eventual establishment of peace Messrs. Ho Kom-tong, A.B. Stewart The situation in the city and and Leung Yan-po (directors), A. the concessions continued very Stevenson (General Manager) and Manuk (Secretary). Share- quiet all night long and only in M. man), Hon. Mr. J. E. Braga, nationalism and not nationalism con, driver of motor car No. borders on the city, were any pre-Macau
A fine of 35 was imposed on Mr. the Japanese concession, which holders present were Messra. A. Chan Lai-pan and Messrs. M. K. Lo, R. K. Batchelor, was the best method of promoting 1667 for allowing his vehicle to Li Tae-fong and C. A. da Roza, the interests of the workers.—
cautions taken, Japanese soldiers Chan Pun-kow, Mr. J. Arnold (Secretary) and Mr.
cause an obstruction in Pedder standing guard at the boundaries. H. C. MacNamara (solicitor).
Street by parking it between the Probable Customs Changes. Shareholders present were Messrs.
white lines opposite the Hongkong
A 50-passenger monoplane is With the local change of govern- M.. Fernandes, Tai Tung-piu, Ho
Hotel, thus obstructing pedestrian ment the return of numerous being built in London and is expect- Kom-tong, Ho Leung, Ho Po-sang,
traffic at that point.
official Nanking appointees, who led to be finished by the end of the Wai Tat and Kwan Suen.
were ousted by Shansi, is now exsummer. It will be powered by pected and it is believed that six engines and will have a non- last, was presented with a silver changes will occur in the heads stop range of 2,000 miles. The shield inscribed: "Presented to of the Customs, Telegraphs and engines, it is said, will develop Aaron Fein in appreciation of other Government Departments.5,000 horse-power. They are be valuable assistance rendered by The old Customs staff were ing. built by Rolls Royc him to the Municipal Police, on ordered to attend in full strength Shanghai, Sept. 22., ".|
at the Customs Club this morning An interesting ceremony was July 10, 1930."
Reuter.
HELP. TO POLICE REWARDED.
SILVER SHIELD FOR MR. AARON FEIN.
Flying in England to-day is about four times as safe as it was five
years ago, according to figures on British air fatalities. Between 1925 and 1929, 1,297,000 miles were flown in this country for every accident involving death held this morning at the office of The coolle who committed the but they finally dispersed as no- toms, in an interview stated that or injury to the occupants of a the Commissioner of Police when murder was executed by strangling thing definite has yet been ar- he has received no instructions plane. The figure for the pre- Mr. Aaron Fein, who helped the five days ago. The
Deranged: In the meanwhile Mr.and therefore is unable to make vious five years was one accident police to find the murderer of the curred at No. 529 North Szechuen Lenox Simpson who is still carry- any statement as to the likelihood to every 867,000 miles.
late Mr. C. S. Goddard, on July 19′ Road.-Our Own Correspondent. ing on as Commissioner of Cus- of any changes-Reuter.
murder
continuous popularity of GLYN, & Co's
44, Old Bond Street,
LONDON.
SOFT FELT HATS.
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1-3 Wyndham St.
(S.O.M.P. Bldg.).
Phose 24173.
OWING to the Gratifying Increase in our turnover, we have decided
To Allow-
10%
Discount for Cash on
all Purchases not less than $10,
from September 15th, 1930.
Tajamahal Silk Store,
5, Wyndham Street. Tel. 26136.
FELIX HAT SHOP.
7, Ice House Street.
Customers are requested to note that we are removing from the above Address on the 1st October, 1930 to more spacious premises in York Building, next to Moutrie & Company.