1917-09-01 — Page 3

SATURDAY, SEPTEMBER 1, 1917.

THE CHINA MAIL.

A PATRIOTIC CALL

THE HONGKONG STEEL FOUNDRY COMPANY, LIMITED.

PROSPECTUS

Inviting public subscription for 85,000 shares at par ($10 each), upon an increase of the Capital of the Company.

Tis desired and a resolution for that purpose bas been passed,

to increase the Capital of the Company" to $1,000,000 by the jeste of new shares. for the purpose of extending the business hich is firmly buliared will, if so extended, not only prove exceedingly prefitable to all interested in the Company, but will also supply a want to local concerns.

The Capital of the Company is now $1,000,000 of which only $78,080 has been paid up and, on this the Company last year made * net profit of $19,817 and paid a dividend of 10 per cent. at the end of the present financial year. It is anticipated that doubling the Capital will at least treble the profit; and, should this anticipation be realized, the Company could pay at least a steady Twenty per cent.

Steel Castings are needed for numerous parrotes by alt Railway contractors, Engineering and Deck Companice, everywhere in China, and by many small manufacturers. At present a large portion of the Steel products which this Company is able to manufacture is obtained from abroad--at probably great expense-in consequence" of the very limited capacity of this Company to cary cut orders received. With an increased Capital, enabling more furnaces to be erected, and more labour employed, this Company would then be in a position to supply ncat of, if not all, the seeds for steel costings in this part of the world; for, with the experience now ucquired by the General Manogers, and by their present bead workmen, there should be no difficulty whatso ever in most satisfactorily fulfilling such requirements.

It is much desired that sufficient additional capital be subscribed, beyond that which is required for the further development of the Steel Custing department, in order to enable a plant to be obtained, and set up, for the purpose of selling Steel Ingots into material for Eagizeer. ing, Deck, and Building requirements; for which material there now A great demand.

It is therefore trend that many persona in the Colony will be fennd ready to sabecribe towards the increased capital desired, both for their own benefit, and for that of the community-generally,

The General Managers are ready and willing to enter into any reasonable agreement desired by the Company to continue their services for a lengthy,perica. Also, if desired by the Company, they are, fully prepared to transfer the control to & Bearit of Directors, comprised of such persons who are in a position to introduce business. as the Company thinks advisable.

The minimum subscription for the new shares now offered to the public, upon which the General Managers may preceed to allotment. is $200,000.

Ma. C. BERNARD Brows of the firm of Messrs. LaNSTEAD & DAYS, ": Hongkong, is the Auditor of the Company.

A copy of this prospectus has been duly filed for registration with the Registrar of Companies,

Application for Shares should be made to the Company's Backers,

or the office of the General Managers, where forms will be supplied.

GORDON & CO

General Managers,

Dated this 2nd day of August, 1917.

REPORT AND STATEMENT OF ACCOUNTS FOR 1916-17.-

Report presented to the Shareholders at the Seventh Ordinary General Meeting held at the Office of the General Managers, on Wednesday, the 5th August, 1917 at 11.30 o'clock am....

The General Managers have now the pleasure to submit their annual report and statement of the Company's accounts made up 31st May, 1917.

The

enet proat for the year ended 31st May, 1917, after allowing for interest, Auditor's Fees and writing off depreciation on Company's Plant, Machinery, Launches and Stock is $19,817.03. This amount together with the sum of $19,43.63 undistributed profit brought forward from last year makes an available balance of $39,368.63 which it is resolved to appropriate as follows; To place to Reserve Fand $10,000.00. To pay a dividend of 81.00 per share $7,8C8.00. Tu carry forward to credit of next year's account $21,558, 85,

Dr.

BALANCE SHEET AT 31st MAY, 1017.

LIABILITIES.

$

SHARE CAPITAL

Authorised 100,000 shares at #10 each....$1,000, Ina, sharon at $10 each

78.00

MORTUAGE ACCOUNT

5,000

Lo solch e

SUNDBY CREDITORS izluding General Managers

FROYIT AND LOS ACCOUNT.

Balane as per last recount Prost for the yar

-To Intrroak Account

$12,640.00

19,910

39.366

26

ASARTS..

Machinery, Malting Furnaces, Tutndry Plaat and Tools Including Anneling and reheating Chambers and also m right to secret processos as per last Account

Las Depreciatiun

$11.5

Additions daring the joke .........

.01

Yalus of Lanches as per last servant.. Lem Depreciation

4,750.0

450.00

La Depredalien ....

Odice Furniture and Fixtures facluding valuabis cken wings as perigst actors.

4.050

OJ

0.00

rock in trade

DO

Les Depreciation.......

Work in ProgzSH.

4.939

$1

Accounts Recefratie..............

Brak 771.34 11, Cash 16

Aix 43+

7,

$148,027

Cash at Baskan

PROIT AND LOSS ACCOUNT. For the year ending 31st May, 1917.

Anditor's Yen ........ Depreciation on Machy, Plakt, Stock, ko..... Writing of oli Machinery Pred on the

ear

19,537

sta

Ey Bilnave Working Account

13,90

AT

GORDON & Co.,

General Managers.

I report that I havo audited the above Balance Sheet with the books and vouchers of the Company and have found it to be in accordance therewith.

I have received all the information and explanations I have required. So depreciation has been written of Steel Procesa Patent Rights which appear in the books at their original cost namely 821,360.58. Subject

to the foregoing observation in my opinion such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of my information and the explanations given me and as shown by the books of the Company.

C. BERNARD BROWN, AC.A.,

Hongkong, 6th August, 1917.

"Auditor

To be retained by the Bagkers

This form should buscut entire, with a cheque for the deposit of 'mrøn machi-bare to the banžete of the Company namely the

CHARTERED BANK OF INDIA, AUSTIŞLIA AND

CHINA.

Sarapdan oz or pani aj DI

The Register for application of Shares will be closed on Thursday, 1st November, 1917, at 3 o'clock.

HONGKONG STEEL-FOUNDRY CO., LTD.

Form of application for Shares.

To the General Managers of ̈*•

HONGKONG STEEL FOUNDRY COMPANY, LIMITED. Gentlemen,

Having paid to the Company's bankers the sum of $... being a deposit of $10 per share for...

.abares of $10 ouch of the above named Company I (or we) request you to allt to me (or na)...

....shares on the terms of the Company's · Memorandum and Articles of Association and I (or we) agree to accept the same or any less number that you may allot to me (or us) and I (or wel authorise you to register me (or us) as the holder (s) of the said shares,

Name in full.

Address........

Description

Date

Signature

Receipt for Application Money,

Received this....day of

Hongkong Stee! Foundry Co., Ltd.,' from........

....the anm of $...

810 per share upon. above named Company,

being a deposit of shares of $10 each of the

For the Chartered Bank of India, Australia and China,

on account of the

Cashier,

be preserved

The receipt when named to the apply in excha and it rompanied to rerigt fur the amount son

and for a ceridele.

in

47

INTIMATIONSTM

LUST.

White PERSIAN CAT. Finder will be suitably rewarded on returning

Proto-

X.TZ

Co 'CHINA MAIL" Office. Hongkong, August 30, 1917.

WANTED.

2069

HONGKONG AFTER THE WAR.

by the Chamber of Commerce gave naties requirements gedemily, has received and i of the resolution. copy of which is en-is still receiving the closest attention of closed, and on the 19th of "April the the Admiralty; while the question, of the resolution," was moved by him and retention in Hongkong of men of com- senaded by Mr. C. F. Auton, the premercial fenining has been and at the sent Hend in Hongkong of the Firm of Messrs. Jardiné, Matheson & Jompany, Limited. The resolution endorses as far the Legistative Council yesterday a

Jis German subjects are concerned the paper containing onerespondence views of the Charaher on the subject of }

GOVERNOR'S DESPATCH ON THE GERMAN EXCLUSION QUESTION.

There was laid on the table of

me of writing stillig under the con- sideration of the Commission, whose appointment was approved in your tele. gram of the 7th February,

IN

3. Under the bending Imports. Ex-

relating to the Commercial and, the return of enemy subjects. I enclose ports, and Industries" the Chamber refer

恋する

OFFICE ASSISTANT, Portuguese Industrial policy be lopted the Hansard debate on the resolution into the Colony's low asiation with

with good knowledge of English. Applyin own handwriting,

-

P.R.

Co CHINA Man' Office Hongkong, August 29, 1917,

WANTED.

throughout the Eupine, after "the question and "copies of leading articles China, to its focal industries," to its ex from the four English newspapers.com-port trade, in Chinese produce, and to afmenting upon the debate.

war-

The Correspondence inclus 2068 lengthy despatch sent home by H.B. The Governor dealing with the proposed to esclude, the Germans from the Colony for a period after

addressed to the Rt. Hon. Walter Long, M... Secretary of State for Hoogkong, August 9, 1017. 921 the Colonies, renderas follows:-

RICKSHAW, eccond hand. Reply, the war. The Despatch, which is

quoting price, to

Box No, M.

ClO CHINA MAIL Unee

the question of trade marks registered by Subsequently a Meeting of the Hongeley Rems. kong General Chamber of Commerce was.

The question of Hongkong's rela held at which the recommendation to lion to thing is dealt with by the Cham exclude all Germany from the Colony in her ut more length under the heading a period of 31 years fallowing the declaru. Fiscal Questions in their letter to tion of peace and they subsequently they Mr. lost, where they aptly compare the be only admitted to the Colony under Colony "to a dept er godown. I may strict licence, was re-affimed., Later a make the suggestion that goods in transit Public Meeting was convened with the through this godown could, by se exten same object and the same result, with sion of the bonded warehouse and draw. YOUNG MAN with experionee as Su-With reference to Mr. Bonure important exceptions that no fixed back systems, be made free of any special TYFIST and STENOGRAPHER: Law's circular patch of the 25th period was named for the duration of tariff operative within the Colony. required by Chipping Eirm. State September lagt. I have the honour to the pades of exclusion and that it is previous experience and salary required.

Apply-

Fox 450. C/o CHINA MAIL" Office. Hongkong, August 1, 17.

WANTED.

UNIVERSITY OF HONGKONG.

SSION -1917-1918.

THE UNIVERSITY RE-OPENS

Beptember 15th.

on

2071

Degree Courses in Medicine, Engineer ing. Arts including Education, also a Courts in Commerce.

For particulars apply to

THE REGISTRAR.** Hongkong. August 30, 1917.

NATIONAL BANK OF CHINA LIMITED (IN LIQUIDATION), (Incorporated in England)

UNREDEEMED BANK NOTES

Dovernment House,

Hongkong, 10th May, 1917.“

5. The Chamber lay stress, shd rightly forward for your consideration the en now admitted, to quote from the speech, w, open the importance of the Colony's elased mopy of`al letter from the Hong of Mr. P. H.. Holyoak. that would greatest industry, shipbuilding, and they 1887 kong General Chamber of Commerce, to be presquption and jelly to any that this refer alan to sugar refining and cement whom that despatch was referred on the Colony alone should exclude the Ger and rope manufacture. These indus h of November last. On the 15th of max. 1 enclose Press reports of both tries, and other such as cigar and March the despatch and the Chamber's meetings and before I leave this subject cigarette manufacture and in swelting. leiter were considered in Executive Coin-, I would like to emphasize the fact, with now rapidly growing, depend like on cil and it was agreed that the papers reference to Mr. Holyoaks remarks at (a) cheap labour, by free jaports of new should be circulated, with the permission the meeting of the Hongkong General, terials and (e) cheap freights. The of the Chamber, atqong the Un-official Chamber of Commerce, that before he Hongkong Government realises these Members of the Legislative Council with moved his resolution in the Legislativo factors and can be relied upon never * request for an expression of their Council it was within Mr. Holyoaks to lose sight of them. It has been the opinion and that thereafter I should knowledge that the letter of the Chamber policy of the Colony to keep the port se, draft a despatch for the consideration of of Commerce of the 8th of January

open and free as possible.

6. With regard to the question of $ the Executive Council. The papers were which was in reply to a direct invitation Chinese produce I may say, in endorsing so circulated on the 4th of April and were for the opinion of the Chamber and the Chamber's remarks, that thus Govern. returned on the 12th of April.r. which contained the substance of his tent has been in frequent communica Maispak minuted.** I do not think any-resolutions, would be sent to you for your subject and that it has appointed the. Lion with the Imperial Institute ou the thing can fefully be added to the consideration. He also know that the Chamber's Recretary to advise it in the Non OUTSTANDING NOTES will Sheling wrote The Chamber of is, for I informed him to that effect NOTICE I HEREBY GIVEN that Chamber of Commerce's replies." Mr. Onvernment could not accept the real capacity of Commercial Correspondent of The paid on pre-entation to the under- signed on or before SATURDAY. 20th Commerce's letters are in harmony with immediately after the meeting of Council September, 1917, at Nook.

AFTER THAT DATE, holders"

the views of business men in the at which he gave public find necessary to claim repayment in Colony. A H. E. Pollock, K... intention to move the resolution.

public notice of bit STEALING from the BOARD or TRAD, added I agree with the views expressed. LONDON, to whom the necessary funds in the Chamber of Commerce's letter of seriatico, will be remitted.

- 2 Taking now the Chamber's latter. THE BOARD OF TRADE make 8th January, 1917, to the Colonial Secre

serlatino, the arat point raised is the charge for peyment of claims out of

portance of the presetit maint ouses di pirited in the "COMPANIES ars. Messrs. Actor, lau Chu-pak.

with a view to after

will

EQUILATION ACCOUNT at the and Wel Yuf, CM, G., merely dailialled Empires Commercial fruitio Bank of England.

AR LOWE

hartered Fank Building

Hongkong, August 17, 1917.- 2040

Far East,

questi

the covering minute paper.

At the meeting of the. Legislative Council held on the 5th April Mr Haly apply

the Unofficial Member pom

the Board of Trade.

The question of trade marks belong

C&B

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tog to ensus hems has been the subject strong feeling which, undoubtedly exists is ready and willing to adopt it. But verdict can be pronounced upon of correspondence. Any change of policy abhorrence of German methods of war by entribina lon na he part of import

on the subject due partly to the I cannot suggest any such means except fraction by merchants which commends itsels to His Majesty's Government in the matter will no doubt fare and partly to objection to German to trude on the credit systen learn

& The Chambe when be communicated to me

methods of irading. Concerning the lat-subject, un tot chod upon ving the in England werd refer next to the

ala resolution! the Legislat Copadl but galerity. It has exclusion of enemy subject the

Trogt whieh thejecta at least, they

ter paint the opinion of the

of the Chamber a expre

British

doubt

the refe

from

two® British

the print