1913-11-26 — Page 5

BANKS

BANKS

ONGKONG SHANGHAI INTERNATIONAL BANKING

BANSING CORPORATION.

PAID-UF CAPITALNI

RFUNDI

$15,000,000

Starling

A divot...

Kaskaya" LIABILITY

21,300,000 2/-- $15,000,000

CORPORATION

HEAD OFFICE 60, Wall Street, New York London Office: 36, Blahopagata, E. C

BRANCHES:

17,450,000

-B$2,450,000

Bombay,

or

$15,000,000

Canton Cubi

PROTRENTORS menneestan

COURT OF DIRECTORS.

5. E. Dodwell, Ecq,--Chairman.

Xon. Mr D. Landale-Deputy Chairman, a. Friesland, Eng. W. L Pattonden, D. Quota, Bay,

*beg

C. S. Dabbey, Heq.J. Plammor, Ha P. H. Holyoak, Esq. Hon. Bir K. Shalim,

G. R. Laurens, Esq. A. Siebs, Haq.

CHIE MANAGER

·Bougkoop-N. J. STABB,

MANADER!

Shanghai-A. 9. STEPHEN, STEPHEN

LONDON SANIS-Lobon JOCHIT AND WESTMINSTER BANK, ILMITED,

HONGKONG INTEKRST ÁLLOWI On Current Account at the rate of 1wo par sent, per annum on the dally balazos.

OR FIXED DEPOSIT ;---

For 5 month 2 per cent per annum.

A

T

Dolon

Empire, Hongkong. Backor

Kobe

Mexico.

Panama, Faking. San Francis Shanghal. Yokohama

THE CHINA MATL.

THE HONGKONG HOTEL CO., ID.

(Continued from yankacılay)

Now Los contemos with tán now skar

bhout, dirba means to de If profits.

ured to be made on the per bont dividend on $400,000, the smena of the nok and insiçadohvatite the Discolor

5. 12 pre Tele dinto the old shares.

on their full plaat paid in and 12 por

cat to the now

Dr. Nobla saya: The Company did not sell 8/20th of the over to the their full capital for which, they crore) new shareholders. The Company sold diably, but om nuly-18900,000, or half of now shares, to old shareholders, a vocyit. I think Dr. Noble and Mr. Mailand. difforcon mattor. Will Dr. Noble state would much prefer to tayo - $400,000- if there were any sharobiciders who failed invested at 10.8 per cent than $200,000 to take up their option, and If there was at 13 per, duck, and stand the risk a à balanes of share left to the Direstors having to fad another, investment for AL AND RAAKYU 0 $7,200,000 holders in addition to their own options, 7-days" nation.

to dispose of so the pablice to old share thely $200,000 suitable for realisation sk Equal... £1,480,000 which is the same thing? Ferbape s

-,: -- ། EVERY DESCRIPTION OF BANK-broker was not employed, so that some ING BUSINESS transmeted.

old shareholders obtained any such addi- CURRENT ACCOUNTS opened on the tional shares for $25 instead of something czenial terms,

DEPOSITS RECEIVED, fred for one

iko, the market quotation in May, Fear at 4% per annum or for shorter Consequently losing the premium to the periods, at zaton which may be sedertained Company. on application.

BILLS NEGOTIATED & COLLECTED. MALS and TELEGRAPHIC REMIT TANCES made,

-LESTERS OF CREDIT and DRAFTS granted on all the principal diese in the World.

W

In other words, the ecutract ce bargain!!

HONGKONG

Why should the Directors, who see paid to look after the intercam of all this. shareholders alike, sud, not merely the old once, want to give advantage to on class of shareholder, or partner in the Company, to the disadvantage of the alve

wan for 8/20th of the profits and any Floor Brains

Ввоваров,

other talin in the of which, acj share in the Company has a right to participate directly or indirectly. Ther Directors abanged this to 5/20tba, not the Company, and the Directors sew Dow The now shares wore issued at par to trying to get the Company to agree to old shortholders in the proportion of 2 egaliso this reduction. It no reductions now shares for 3 old ones. It is ovidentia now being stempted, as Dr. Noble-in there was no chance of obtaining any infors, then why is this now resolution premium, as the old share wore quoted necessary.? MAN

ex dividend in March after, the ax nouncement of the new illotment at pas. -THE BANKS OIROULAR LETTERS new shares were offered and after the They had dropped from 20 before the OF CREDIT are available all over the World.

payment of a $3 dividend. There was COMMERCIAL LETTERS OF CREvidently no rush for the now shares, for on 10th May the quotations were T and 42 sales and sollers. It will be aoen that on the day of the announcement of she now in February 26th, the shares were 90. Three shares were therefore saleable for $270 (loss $0.dividend $281), and there was $50 to pay for the cal on the 2 new shares allotted on 1st March, Logother #311. On May 7th, after the call was paid, those 3 old shares and now share at 71 and 42 respectively would have fotohad $213 and $81, «> Father $207, or a lose by taking up the now issue of $14 on 3.old shares. Notic again the difference in premium $21 on

DIT faded.

PURCHASE and SALE of Stocks and Shares afected.

TRAVELLERS

"

N...J. STABB

"Chiay Manager..

shed,

Hongkong, Det 11 1913.

HONGKONG. SAVINGS BANK,.

Er business of the shore Bank is ow. ducted by the HONGKONG AND SHANGHAI BANKING CORPORA. TION. Rules -ay be obtained ou ap pilastion.

INTEREST on deposits is allowed on Ebe minimum monthly balances at

SĮ PER CENT. per manus. Deport for may transfer at their option balacoes of

CHEOKSold

GEO. FOGO,

Manager No. 9, Queen Road Central Hacking, October 21, 1913,

NEDERLANDSOIR-

TANDEL-

HANDEL

AATSCHAPPIJ.

MAAT

(NITHIRLANDI Trading SqbetT),

ESTAMMHAD 1894.

other? For, as will be seen above, this Bladez Cloppe is what it, amounts to

Dr. Noble, in his speech, doen soknow"! ledige that, the, prosent new shareholders.

+Should

do we want to take advantage of the Pin Chillings--Cha Chon prosent old shareholders by demanding

an equal disend without first paying..

phobalnce, call............. ns this not made clear in the notice issued by the Directora o lat. October, and again in the undated notice siter tha meeting on the 25th jaltime for there is no doubt

shareholders holding only old shares must have received the impression that the banholders were legally-en-

a fully paid $50 share and $17, on witled to, and were demanding, an equal partly pair $25 bars, practically the lividend, although only half as much same, which ladinates that from the frag paid upon the new shares? Di in the public mind there was never any

Yoble adds the now shareholders have 01180,000,000-(£6,000,000.-) doubt but that the shares would be sot boon deceived by the Company, sbat shortly fully paid and be treated as raskey got nothing more than half the

LUTHORIKU

$100 or more to the HONGKONG AND PAID-UP }.... 45,000,000 (£ 3,750,000,-)ing shortly for dividend (or wae is froin dividend paid on the old shares, they

SHANGHAI BANE, to be pisood on FIXED DEPOSIT at $ PAR CENT, per JUMUI

For the Hongkong and Shangba Banking Corporation,

N. J. STABE,

Chier Manager.

1617

Hongkong, Jaly 1, 1919.

THE CHARTEREÐ BANK OF INDIA,

AUSTRALIA, AND CHINA,

.11

INCORPORATED AT KOTAL ÜMARKEI 1853, HEAD OFFICE, Loynoy.

ALD-UT CAFTRAE

-

REIXTE FUND ... RESERVE TAKILITY OF PRO-

CRIITORS 12

JAFTEAL

REYE

8,252,168,687,880.-) inducement to take them up?) and

1st May they were to rank fully as an HEAD OFFICE—ÁSTERDAMA

all resposta parti passu with the old shares.

HEAD AGENCY-BAZATIA, BRANCHES Singapore, Penang, shanghai, Rangoon, Samarang, Souzabays, Djember, Cheribon, Tegal, Pacalonga Tillatjag, Soerakarta, Djoojakarta, Ban doeng, Padang, Medan, Tebing Tinggi

holder said:" You can have a $50 share

It is quite clear that the old share for $71 or a now $25 share for $4 which, when you have paid the balance Telok Betong, Kot call of $25 in 6 month time, will then Macassar, Band armasta, rank equally with mine, and you will the Correspondents at Bombay, Colombe, bare a fully paid share oosting your $87.1 Madiss, Pondicherry, Calcutta, Bangkok, Saigon, Haiphong. Eanol, Amoy, Toko. Look at these figures: they mean that ham, Robe, Melbourne, Sydney, Nes York, San Francisco, &c. &c.

is was possible to buy (if what M: LONDON BANKEEN:-The Union of bare in the same Company yielding as Maitland supporre in true) a fully paid London and Stadtha Bank, Limited.

The Bank boys and soils and receives Icz they have done 8 per cent. per Boouri ...£1,200,000 'lection Bills of Exchange, lance letters (or what they abould legally have done **£1,700,000 ents in the Barà, on the Continent in Great

1f credit on its Branches and correspond 7 per cent) on this investment of $71. Britain, America, and Australia, and tranz-

or a partly paid share which has since ***£1,200,000

returned 7.14 per cent. on $42 and should

lunatics the people were who bought the Ou Oural Accounts 2% per annum on they had belief in the terms of the resolut new shares in preference to the old antess

TUREIGN EXCHANGE and Genstal Banking business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS rocefred for lycar os shorter periode at rites which will be quoted on application.

ASHEWETT,

Acting Manager.

Hanekono, April 9, 1813,

THE MERCANTILE BANK OF INDIA, EIMITED'

Authorised Capital... Subscribed Paid-up Reserve Fund

107

610

+

£1,500,000 1,125,000 562,500 415,900

BANKERS

BANK OF ENGLAND.

LONDON JOINT STOCK BANE, LIMIT

[NTEREST allowed on Current Accounts

Ch Ko

Know

Foah,-Chn Kark

-Cher Char -Hoad, Obu Tw

Pork

HeartChu Süs Kidneys,--Chu Y Liver,Chu Com

Chop Chit Leg-Cha Pai Bator Lard – Pag) (Oba.Trap Pig's Bry Sheepe * Head and Fest,-#Tannery Hearty-Young ham Kidney-Yeung Yin Liver Teun Sucking Pigs, Ta

shares were partly paid. Podkaps true, pected nothing more, so long as tho

"ut they did expect more at the end of 3 months from 1st May, 1909, or else they disbelieved what the Chairman told 'hem at the meeting of 28th Februaryi 1909. I am-sure the Company did not wish to deceive thean, and by this I mean the old shareholders.. Does Dr. Noble, mean that the Directors did de caive them? I trust for the credit o the Company that he will now show ledge the Directors mado a mistake in waiting the new contract with the Bank | Chickan,—Ra! Chai for an extended overdraft at 6 per cent, Capons, Large, before completing," and now "trying to Ducks-Ap wipe out, this contract with the ahere,

bolders. It does not matter whether he Dored Pa saya the bargain was made with the Eggs Em-Kai Tin id shareholders or the now. "The bar-

aola moring business of every descripti:Ehave returned 8 per cent. on. $67, Whai gain was made with the then charg

INTEREST ALLOWED.",

Da balazioso,

Fixed Deporte 12 months 42 per Annum tion, the credit of the Hongkong Holders had a right to orpoet was a 10.8

Do.

Do.

Do

6 months 34% Dosa péctable Company, and to the S months 3

statement of ita Chairman of Directors F. REFS, Agents.

on 26th February, 19011-Dr. Noble and Hongkong, July 16, 1915.

Mesara, Mailand and. Bowley and such old shareholders, whether they hars said or retained their new sharte, please take moto; do they consider this and alan the "rasolution, now proposed by the pre sent Directorate to be smart business, Did not the sellers eat their cake. whe they accopted the same premium on new shares se on old?

AGENT 8. LONDON -F. ALGAE, 11 & Ölemens', Lane, Lombard Street .o. I. B. Brown

··& Co., Ltd., 169 Queen's Roail, Ficti B. CLARER, Box & PLATZ, 85 Grac church St., .c. G. Brazz & Co., Ltd 30 Cornhill. Gounas & Goris, 15 A Brida St., x.o. Bosker WATSON, I Fest Street: 0. MarCHELL, & Co., Sam Hill, Holborn Viaduct, 1.0. D. AT&Co, 3 Whitefriars 8 LO. HAR & GROWTEE, LA.. 11, 19 Neo Bridge St., .. SCOTLAND-FRED. LA SIMO, 8 Norð

.. 82. David Street, Edinburgh, PARIS AND EUROPE, MATÈGIƑan › & Co., 18 Rue de la Grange, Batalis

Poria

The Articles brown that the Director could have, called up,; and: can still call up, bis money unpaid on the start

Manic

holders, and a groot number sold, this gas them. All the old and new abare purgain with stoh rights se tu parrain, Goo

Percent dividend from 1016-qwards 56 profts bave turned out, and what bus append has been the old have received. per cent. Some part, therefore, the aberoholders have loss on the bar. ain, and they are the now sharabolders.

it so unfair, so wrong in principle, sufferers should now after three years ce such unsound businos ask for that original bargain to be ful Allod, and yet wave, compensation?

Dr. Noble, saya,the Direcipes are Oxceedingly anxious that this zesolution should be passed."- Why this exceeding anxiousness, unless ho meras

14 days notleg under paquality of intercetudass or an anxiety to copor any Tesl

such abares.

at 12 per cent. per annum, or they can anal linbility he and his colleagues payment of call and interces may forfeit give a further 18-days, notine, and falling dividerid out in March last after they may ham: incurred through paying the were notified such a dividend woulé ba It is reasonable to suppose the new

illegal? What else have they bo worg shareholders knew at the time of this boat except the law of the land and the heavy liability duo practically a

laws of the Company, which it is adm moment's notice, and must have tunded are the same? I fail to or why i drrangements to meat same, otherwise necessary for the Doctors to be sa

at 2 per cent. per annum on Day NEW YORKT. E. BROWwgs, Lan., to keep monny ice or less idle, bem bo to break either, or los diner words

Balance and en Fixed Deposits at rates which may be ascertained on application.

AB. LINTON,

Manager

...Hongkong, July 1, 1913.

82%

THE YOKOHAMA SPECIE

BANK LTD..

HATAROTHEÐ 1880,

Bolian Hall, Wen and Strest, New "York City,

THE CRIMEAN EVANGELIST Orrios, 52

Wend Street,

SAN FRANCISO0 and American Port generally-BRAY & BELUK, SOn Fran

this slight difference in, the premium sides 6 months the Chairman slated There was some grace allowed on both

holders did kick, and the only russo but I think after that time the new Stars they did not kiar with any effect was ZEALAND Godoy & Gore, Mer AUSTRALIA TASMANIA, AND NEY because they did not mow the law a they do now. Its only fair to state that bourne and Sydney.

the Directors do not appear to kava known CEYLON W. H. Sam & Co., 171

Walthers APOTHEORIES Caj Colomba,. SINGAPORE," STRATTE,

& Wate, La., Singapore.

Mom & Day Manila,

AUZEGRINED CAFEAZ....Yer 40,000,000,00| PHILLIPPINE ISLANDS:

PAID-67 CAPMAL30,000,000.00

8

Why this change of attitude on the Ert of the Director: took place seus be cause they found that they had obtained a contract to provide funds from the new

Wareholders up to $200,000 si practically,

a moment's notice on which they

18,660,000,00 CHINA--Donian, FAZZ & Co., Romhov not paying any interent, dividend, on-

HELD UTI

YOKOHAMA,

Bacon & Co., Shanghai, KatZY Walaw, Led, "Yokokcuma, KELEY

THE CHISA MAIL, LED,

5, Wrsham Streek, Homi

compensation, and with the advantage they s money from the Ban Are they Would

grea loss of u would, but do not to be a law unto themselves.I quite gather wo are anxious to bo takra for children":

"not yet in our datastore Articles 108 stato Balance Sheets, must bo presented half-yourly. dalo witinin 2 months of the meet which mouse, in thi before the end of in 1918. Dr. Nobl decounts bi

Wild

the

牛事:

Poultry.

4

Kup

Kup

broods, --- člung Yan

Applen (California). Kam Ban

- (Cheloo)-Tiu Clan Ping Kit

Small, Her T

Custard. Jan Eal Oblas

Hong Chin

Място

Chastante, Chiriana;---

Ladona, Cales,

N

Richner Dried ----Lal

Fresh-

Time (Saigon)-Sat

Mlangos Manila - Sung Morg Mangoatsent,--San Chuk Tas

Cusagon, (Canton)- Orangea: Sweet

Ing: Kim Ching

Fears, (American), --Kam Ban Ehoot

(Canton),

Cooking,

Peanuta, -Fa Sang

Persimmons Largs,--Hung Chals[""]

edquality

inpatri, --Tai Chen

Swabdy, Bang Lalare

Pamala, Siam, Kim Lo Yan

Sheoghal-Lo Kwai

Wainuta,-Hop Tha

Grbet

Sang Hop! Water Melon-Köm) San Sal

(China) Sud-Kwa

Gaping FoTik Tas

{Vegetables

Artichokes, Minnghi

Beans, (French)

لعز

Pin Tan

Bed

Cabbage, Cabbage

Dane Bhoota, banal,

Cheang

Small size

Tong Ban

How Your

OHINA HAI I

Typhoon Quid

10