THE HONGKONG TELEGRAPH, FRIDAY, DECEMBER 19, 1930.
A copy of this Prospectus has been filed with the Registrar of Companies.
The Subscription List is now open and closes on or before the 15th February, 1931..
PROSPECTUS
of
THE SOUTH CHINA MOTOR-SHIPBUILDING
& REPAIRING WORKS, LTD.
(Incorporated under the Companies Ordinances of Hong Kong 1911-1925).
Authorized Capital $2,000,000.00.
Divided into 200,000 Fully paid up Shares of $10.00 each of which.
16,500 Shares have been allotted.
Issue of 58,500 Fully paid up. Shares of $10.00 each at $10.00 a Share 510.00 payable on application, now offered for Public Subscription.
DIRECTORS
Mr. P. M. Hodgson, Solicitor, Mrs. Tx'n & Hodgson (Chairman)
Pedder Builling.
Mr. H. H. H. Priestley, Director, E D. Sassoon Banking Co., Lul.
Mr. J. M. Noronha,
Mr. Sum Pak Ming,
French Building.
Secretary, Credit Foncier d'Extrema Orient
French Buikling.
Compradore, the Yokohama Speete Bank, Ltd.
Compradore, the Java China Japan Lijn. 286, Des Yorux Rond, Central.
Mr. Ko Leong Hoe, Managing Director, Ho Hong Bank, itd.
Managing Director, Ho Thong Co., Ltd.
1. Queen's Road, Central.
Mr. Tang Shiu Kin, Principal, Tin Fuk Bank
171. Queen's Road, Central,
BANKERS
The Chartered Bank of India, Australia & China.
AUDITORS
Messrs. Thomson & Co.
SOLICITORS
Messrs. Ts'o & Hodgson,
REGISTERED OFFICE
St. George's Building, Hong Kong.
1. The objects of the Company de to organize a modern and up-to-date Shipyard and Repairing Works specialising in Motor-Shipbuilding and Repairing of Motors of all descriptions. The shipyard will also undertake to build or repair vessela other than those driven by Diesel Engines and moters.
2. It is a well-known fact that Motors, Misterships, and Diesel-Engiors are being built on an increased
senie every year.
Factories and other power plants on and are steality replacing their and Diesel-Engines which are far more econansiva).
steam engines with Motors
The latest Shipbuibling statisties show 905 for Motor-ships against 10% for steamships.
J. The Company will be in a position to take full advantage of all the Intest epoch-making inventions in
shipbuilding and avoid having any part of its capital tied up in obsolete equipments.
4. This means that a Motor-Shipbuilding Yard with Itepairing Works for all types of Motors will not
only have new-buildings to complete but will have retmir work on hand on an increased senie.
E.
6.
A Yard specialising in Motors requires 1sss machinery and equipment than an ordinary shipyard, thus eliminating hears and expensive plants for the building of boilers and other steam auxiliaries.
What is essential in a Motor Shipbuilding Yard is a well-equipped Repair Shop for Diesel Engines and Motors for land and sea and up-to-date facilities for docking ships.
7. The Company lan entered into an Agreement with the Hongkong Government to arquire a most suitable space known as Kowloon Marine Lot No. 90 at To Kwa Wan, Kewloon Bay, with a total area of 222,000 sq. ft. with all buildings, etc. This area until recently was occupied for mure than 25 years by the Kwong Tuck Cheong Shipyard Ltd.. which has lailt more than 120 ships.
1926
It WILS kurvayed in $295,000 of which $6,000 has been paid. 8. The purchase price in
and valued by Messrs. Denisou, Ramy & Gibbs at $393,000 and resurveyed and revalued by Messrs. $445,400. This is the value of the land when used for Palmer & Turner in July, 1930 t ordinary purposes, but as a Marine Lot already reclaimed and consolidated at considerable expense, its value should be fixed at a much higher price.
3. The buildings have been repaired, two new steel workshops have been erected and machinery, tools, étc. which have been purchase! have arrived from Europe. The shipyard will soon he again fully equipped and in working order. 4 building berths for ships up to 350 feet length are at our dix- posill, and it is proposed to build 4 most up-to-date slipways for ships up to 300 feet in length.
10. The shipyard and repairing works are under the management of an experienced Motor-shipbuilding,
Diesel-Engine, and Motor-Engineer who has been in Hong Kong since the last 10 years.
11. The Company will be able to give its customers every satisfaction so far as good workmanship and
reasonable prices are concerned, and will have expert und experienced supervision.
con-
12. The Company will first he supported by the Hoi Fook Shipping Co., Ltd. which has placed
China Motor-Shipbuilding & Repairing Works, Ltd. an order for the the South with struction, of 2 up-to-date motor-ships of 300 tons deadweight each. It is the intention of the Directors of the Hot Fook Shipping Co., Ltd. to place an order for two larger motorships upon the satisfactory completion of the first two vessels. Hence from the very beginning the Company will have sufficient work on hand to keep its shipyard busy.
13. Messrs.. Brandt & Co., Ship-Brekers, Shipping Agenta, Marine-Valuers-Surveyors &-Architects, are the General Managers. They have offices in both Hongkong and Canton, and an European Agent in Hamburg, Germany.
The Principal of this firm has had 24 years wide experience in slipping and ship-building, and be -fore coming to China he held besides other responsible positions the post of Managing Director of a popular shipping concern in Hamburg.
14. The number of shares fixed by the Articles of Association as the qualification of a Director in 250
Ahares and the remuneration of the Directors is $750.00 per annum and 5% of the net, profits.
15. The amount estimated for preliminary expenses is $3,000.00.
16. The Memorandum of Association of the Company forms part of this Prospectus.
17. Prospectus and forms of application can be obtained at the Office of the Company or its Hankers
or Solicitors,
Dated this 17th day of December, 1930.
A Charming Christmas
Gift.
A SPECIAL EXHIBITION
IS NOW BEING HELD
of
NATURAL AND CULTURED
PEARLS
at which Mr. S. Mizuma-of Kobe, Japan will be in attendance to explain the many grades exhibited
This unique and beautiful collection valued at MORE THAN $200,000.00
Necklaces, Ropes, Rings, Pins, and. Various other Mountings-or Pearls sold loose if desired
INSPECTION most corDIALLY INVITED
J. ULLMANN & CO.
CHATER ROAD.
GIFTS
NO GIFT IS MORE APPRECIATED BY THE FAIR FEX
THAN ALLURING PERFUMES.
There are no Perfumes of Purer Fragrance, than the Creations of Guerlin, Caron, Coty, D'Orsay,
Houbigant, Godet, of which we have a very Wide Selection.
There are many other gift suggestions, such as;—
CAMERAS, CHOCOLATES, PERFUME, LAMPS & SPRAYS, VANITY CASES, CIGARETTE LIGHTERS, SHAVING SETS, BRUSHES AND MIRRORS.
CRACKERS
IN THE MOST UP TO DATE DESIGNS FROM CALEY AND JACK FROST. CHOOSE YOUR GIFTS TO-DAY AT
TWO INTERPORTS.
THE
PHARMACY
FLETCHER & CO. LTD.
Asiatic Building.
CANTON-HONGKONG BASKET BALL TEAMS TO MEET, With a view to establishing a closer! contact between the sporting circles of the elly and Hongkong the res ponsible clubs have succeeded to come
Canton-Hongkong Girl Athletes.
Tel, 20345.
to a satisfactory arrangement where South China would be greatly in-understood that the visitors will be by the Canton Champion basketball creased, and would pave the way for leaving Hongkong on the 23rd for team-Lingnan University-will meet wider Inter-city contest in the near Canton and during their stay there will meet teams from the Girls Middie School, Girls Normal, Pul Tao, True the champions of the colony-Ying future. Wah on Saturday evening at 7.90 at
Light Middle School Chap Bun and the Y.M.C.A. here, says the Canton
According to the usual practice, others. Several of the Canton teams Gazette,
Hopes were expressed that with the the South China Athletic Association may accompany the visitors back to
South China, other establishment of closer relationship of Hongkonk le sending its girl teams Hongkong where they will meet, e
teams in the to Canton this year to meat the local sides the betwoon the various south, the prosilge of the teams in basketball and volleyball teams. It is teams of this Colony.