1925-12-09 — Page 3

WEDNESZAY, DECEMBER 9, 1925.

PROSPECTUS.

The Subscription: List will be opened on Tuesday, the 15th duty of December 1925, and will close on or before Thursday, the -31st day of "Delember, 1925.

HONGKONG TELEPHONE COMPANY, LTD,

Incorporated under the Companies Ordinarce, 1911. Capital $5,000,000 divided into 500,000 Shares of $10 each,

Of the above shares 110,000 were subscribed for cash on the Incorporation of the Company by the two Promoters. the Hon. Shr C. P. Chater and James Harper Taggart, as bo 15,000 each, and by the Directors, the Hon. Sir C. P P. H. Chater the Hon. Mr. Holyoak, the Hon. Mr. Chow Shou Son, the Hon. Mr. R. H. Kotewall, the Very Reverend Father been Robert. Robert Gordon Shewan, John Scott Hurston and James

L'o 10,000:1 Harper Taggart as shares each.

On these $3.50 per share (being as to $2.50 one-quarter of the nominal value of the share and as to $1.00 the premium thereon.) was paid on allotment and the balance $7.50 per share) will be paid when called up on the same basis as the remaining capital

140,000 shares credited as fully paid up and ranking for dividend as from the 1st July, 1925, have. been allotted to the China and Japan Telephone and Electric Company. Limited in pursuance of the Agreement (hereinafter called, the Purchase Agreement") dated the 20th day of May, 1926. made between the China and Japan Telephone and Electric Campany, Limited, of the one part and James Harper Taggart on behalf of the above Company of the other part.

The remaining 250,000 shares, to rank for dividend from the 1st day of January, 1026, on the nominal amount from time to time paid up thereon but in, all other equally with those respects already subscribed are now offeri $3.50 ed for public subscription. per share. is payable on applica- tion, being as to: $2:50 ene-quarter of the nominal value of the share and as to $1.00 the premium there- on. The balance due on each share, namely $7.50, will not be called up at prosent but is to be ralled us on subsequent demand as and when capital is required.

In allotting shares the Directors will. if there are sufficient appli- cations from bens fide residents in the Colony of Hongkong, allot shares to such applicants only, and i they will u pay due regard to the applications of telephone sub- Ecribers.

Directors.

The Hon. Sir Catchick Paul Chater. Marble Hall, Victoria, Hongkong, Member of the Legis. lative Council of the Colony of Hongkong.

The Hon. Mr. Percy Hobson Holyoak, of Messrs. Holyoak, Massey and Co., Ltd.. Victoria, Hongkong, Merchant.

The Hon. Mr. Chow Shou Son, of the Bank of East Asia, Limited, Victoria, Hongkong, Banker:

The Hon. Mr. Robert Hormus. Kotewall, of China Building.. Victoria, Hongkong, Merchant.

The Very Reverend Father Leon Robert, of Missions Etrang- eres, Victoria, Hongkong, Mis- sionary,

Robert Gordon Shewan, of St. George's Building, Victoria, Hong- Bong, Merchant.

John Scott Hareton, of Prince's Building, Victoria. Hongkong,

Beliciter,

James Harper, Taggart, of Vic- toria, Hongkong, Managing Direc tor of The Hongkong & Shanghai Hotels, Ltd.

In pursuance of the terms of the Purchase Agreement, the Chine and Japan Telephone and Electric Company, Limit- ed,

Oriental Tele- and the phone and Electric Company, Limited, or either of these Com- panies, so long as these Companies or either of them hold in their or its own right not less than 100,000 fully paid up shares in the above. Company are to have the right of nominating two Directors of the Company provided such Nominat- ed Directors are bona fide resi Hents of Hongkong. The first buminated Directors, (nominated

to The Company was formed on the 24th June, 1925, for the purpose of taking over the undertaking in Hongkong of the China and Japan Telephone and Electric Company, Limited, who was the Vendor thereof and whose Registered Office is Kitunte ab Alderman House, Alderman Walk, Bishopsgato, London, England. The, mater- in terms of the bargain are set forth in the Purchase Agróe- munt as follows: —

(2) The Vendor Company will "sell and the Hongkong Com- "pany will purchase as at the "First day of July One thou- "sand aine hundred and "twenty-five the said Tole- "phone business and the "whole of the undertaking in "the Colony of Hongkong "and the Dependencies there- "of as a going concern (with "the benefit of all assets there "ituate but exclusive of the "net profits, investments, "cash in hand and in the "Bank and debts due to the

Vendor Company

on the "Thirtieth day of June One) "thousand nine hundred and i "twenty-five) of the Vendor

Company but free from all "debentures.. mortgages.. "charges of any kind and the "Vendor Company save as "herein specially provided for "shall pay and discharge all "liabilities whatsoever in- "curred by the Vendor Com- "pany prior to the First day "of July One thousand nine Whundred and twenty-five in- "eluding the satisfaction of allf "claims in respect of staff "superannuation funds bonts fund and/or other bonuk "payments up to and includ "ing the Thirtieth day of June "One thousand nine hundred

"and twenty-five Provided

THE CHINA MAIL.

(8). The consideration for the the shareholders of the Company "anid sale shall be the follow a minimum dividend of Eight per "ing sums, that is to say: cent per annum on the paid-up "(a) The sum of $1,166,000 capital of the Company for the

"(One million one hundred time being, after making pro "and fifty-five thousand vision for working and manag "Dollars, Hongkong Cur-ing expenses, maintanance and rancy) for the plant of efficient service, depreciation and the Vendor Company. reserve, and the other deductions "(b) The landed cost to the referred to in Section 85 of the Vendor Company of all said Telephone Ordinance the "additions made to the said above rates are to be raised so "plant and/or property as to enable the shareholders to "from the First day of receive such minimum dividend of "January One thousand Eight per cent. per annum.

"nine hundred and twenty-

"Ave to the Thirtieth day "of June One thousand nine "hundred and twenty-five. (c) The sum of $491,385 "(Four hundred andi "ninety-one thousand three "hundred and thirty-five "Dollars, Hongkong Cur "rency) for the land and "buildings, of the Vendor "Company" which are more particularly set forth in "the Schedule hereto.

The amount to be written off as

NOTICES.

PEAK CLUB,

A GRAND FANCY DRESS BALL

will be held on TWELFTH NIGHT. WEDNESDAY, 6th January, 1926, at 9.30 p.m.

Tickets. $3.00 each.

As it will be necessary to limit provided annually for depreciation the number of tickets to be issued, and Subscribers are not to exceed ten per cent. on Members

the cost of the Company's plant advised to made satly application

and equipment other than land for their requirements to and buildings, and the amount undersigned, that may be appropriated annually by the Company to a Reserve Account shall not exceed $50,000.

the

E. B. C. HORNELL,

Hon. Secretary. Hongkong 3rd December, 1925.

THE

NOTICE.

Graduatos and past members who wish to join and bring guests. are requested to apply to the Hon. Secretary, Mr. T. K. LAU, Morrison- Hall.

t

Charge $3.00 per head, Hongkong, December 3rd, 1925,

The net profits of the Company after providing as aforesaid are to be used Arstix in payment to the Government of a royalty of Four Dollars in respect of each

Hongkong University direct exchange line Telephone "The value of the stores which has been used and paid for Engineering Society will hold Its Annual Dinner on SATUR- "of the Vendor Company during the whole previous Twelve DAY, 19th December, 1925 * 8 "which at the Thirtieth day months by a Telephone Subscriber o'clock, in the Great Hall of the "of June One thousand or One Dollar per direct exchange University. "nine hundred and twenty-line Telephone for each period of "five are in the possession Three months or less. "of the Vendor Company in | The said net profits are secondly "the Colony of Hongkong to be applied in payment to the "or are in transit to the shareholders of the Hongkong "Vendor Company there or Company of the minimum divi "for the purchase of which dend of Wight per cent. per Vendor Company has en-annum rising to Twelve per cent. "tered into binding con- per annum. "tracts.

If the net profits be such that! 4). The said consideration larger dividend than Twelve annum can be "shall be satisfied (as to the Per cent per

as to the differ- "sum of One million four paid then

nce between Twelve per cent. "hundred Dollars part there.

half "of) by the allotment and and Eighteen per cent. "Issue to the Vendor Com-thereof is to be paid by way "pany of One hundred and of increase of dividends to the "forty thousand shares of shareholders of the Company, and

the remaining half of such differ "Ten Dollars each in the "Hongkong Company creditedence is to be set aside for the benefit of subscribers by way of as fully paid up ranking for reduction of the subscription rates "dividend as from the First authorised as above mentioned "day of July One thousand The dividend payable to share. "nine hundred and twenty holders is limited to a maximum "five and fas to the balance of Fifteen per cent, per annum. PRICES ranging From 50 cents "thereof) by payment in Any further net profita (c., netto $2,000 Each. "cash in Hongkong Currency profils in excess of Eighteen per Fine Embroidered Screens. "in Hongkong by the Hong cent. per annum) are to be ap-Real Crystal Chains. Priest and "kong. Company to the Vendorplied solely for the reduction of Haori Coats, will be on View for "Company.

THE SCHEDULE ABOVE REFERRED TO:

Properties Owned by the Vendor Company.

"always and these presents. "are upon this express con-

No. 2 Queen's Road Central and "dition that the same shall be

No. 14 Ice House Street, "subject to the said James No. 1 Cameron Road, Kowloon, "Harper Taggart being satis-Nor. 118 and 119. The Peak. "fied with the state and con- Inland Lot No. 57, Sections A & "dition of the plant (including "cables conduits, etc.) of the "Vendor Company. The said "phrase 'th undertaking" "hall be deemed to in- "clude:-

"(a) The Goodwill of the

Vendor Company as now carried on in the Colony of "Hongkong and the Depen- "dencies thereof.

(b) All the lands and build- "ings of the Vendor Com- "pany owned and/or leased! "by the Vendor Company "for the purpose of its said "business being the pre- "mises set out in the "Schedule hereunder writ-

B of Inland Lot No. 289. Section A of Kowloon Inland Lot

No. 5491

Remaining Portion of Rural

Building Lot No. 47. Properties Leased by the Vendor Company.

(a) Six Office Rooms in Nos. 15 and 17 Queen's Road Central.

!!

(b) One Two-storey Godown, used us Store and Work- shop being No. 3a Duddell Street.

(c) Portion of land belonging to Kowloon-Canton Rail wa at Blackhead's Point, Kowloon, for storing cables.

|subscription "paves,

Full particulars in respect of The above appear in The Telephone

Ordinance 1925.

15

(b) The minimum kubscription on which the Directors may proceed to allotment in Seven shares,

(c)

The shares now offered for subscription have not been underwritten.

(d) No commission or promotion money will be paid by the Company.

(e)

In addition to the allotment of "ten subject to the rents 140,000 shares of the Company, "conditions and reserva-credited as fully part up the "tions affecting the same. China and Japan Telophone and (f) "(c) All plant material stores Electric Company Limited has

machinery property stock received from the Hongkong Com "in trade instruments fur-pany $200,000 in cash on account "niture and utensils to- of the consideration specified in

the Purchase Agreement. "gether with such books, "accounts,

The Hongkong Company was documents, formed for the purpose, also, of "plans statistics records

supplying telephonic communica- "and reports as pertain or tion within and between the (g) "are necessary to the con- Colony of Hongkong and its "duct in continuity of the

Dependencies and the New Terri- "business being the pro-tories for a period of Fifty years "perty of the Vendor Com-under a Concession from the "pany and used by it for the Hongkong Government detailed "purpose of its business and particulars of which appear more "Including spare plant and fully in The Telephone Ordinance (h) "stores of all descriptions 1925 (hereinafter referred to as "(whether actually in use "the said Telephone Ordinance"). "or not in use) without any The Hongkong Company is "exception whatsoever save authorised to charge the follow- "as hereinafter mentioned ing annual rates with effect from. "in the possession of the the 1st July 1925; "Vendor Company or to "which it is entitled and "also including works of "all kinds in the course of "construction without ex--

ception.

"(d) The benefit of all con-

by the China and Japan Telephone "tracts and engagements

and Electric Company. Limited). are the Hon. Mr. P. ́H. Holyoak and Mr. J. H. Taggart.

Bankers.

The Hongkong and Shanghai Banking Corporation, Hongkong,

Auditors. Messrs. Lowe, Bingham and Matthews, Victoria, Hongkong, Accountants.

Solicitors. Messra. Deacon Victoria, Hong-

Registered Ofce.

16, Des Vaux Road Centrali Hongkong.

- Acting Becretary. AL. Terry, ACLS.

*

(a) #108 per Exchange Line within (1) Victoria and Kow-

·loon' sa defined by the Inter- pretation Ordinance 1911 and() (ii) within the Peak District as defined by, the Peak Dis- trict: Reservation Ordinance 1904 but substituting 700 (7) feet for 788 feet." $108 per Exchange Line within a radius of one mile from any exchange that may hereafter be opened outside the areas referred to in (a).. An additional charge of $60 per mile or part of a mile measured outwards from the. nearest point of the boundary of the #ress referred to in (a) and (b), For extension bella, switchen, awite power circuitaya

"antered into by the Ven "dor Company in the (5) "Colony of Hongkong in re- "lation to its said business "(but excepting contracts "with employees of the "Vendor Company for (e) "which special provision is "hereafter made), "' ́(e)· The Vendor Company's

"Fights and corresponding |

obligations in respect (d)

waylenyes

And

fail other righ And ease

gyed and used Vendor: Company "For the purpose of its skid "business.

other services of

sych charges as the

An Councilmay

Should the chi

telephonis

ferred to be insufficient so pay

ART EXHIBITION:

of JAPANESE OLD PRINTS, IVORY CARVINGS, SCREENS, OLD SILK BROCADES, etc., etc., at

MESSRS, KOMÖR & KOMOR. Alexandra Building, Des Voeux Road, *for

TEN DAYS ONLY.

Mr. K. HAYASHI of Tokyo will! Exhibit over 3,000 Prints by the Best-known Masters...

10 Days Only..

A Cordial Invitati to All Lovers of A

-Extended

KOMO KOMOR.

NOW READY "

THE CHINA YEAR

BOOK 1925.*

EDITED BY

The Company is to pay the preliminary expenses of and incidental to the formation and flotation of the Company down to the time when it Large And becomes entitled to commence "business and also the legal

costs, and expenses of and

incidental to the negotiations

W. WOODHEAD.

Comprehensive

Than Ever.

The present (1925-6) issue: of

which have taken place for the CHINA YEAR BOOK is again onsiderably larger than any of acquiring the aforesaid

The Chapterz is predecessors. undertaking and the negotia- tions with the Hongkong "Mines and Minerals," "Educa tion," "Products," "Labour," Government, arising thereout Opium," "Commerce,"

3 "Ship and the obtaining of the aforesaid Ordinance, such ping," "Currency," etc., have been legal costs and expenses to rewritten and brought up to date be incurred during the year The Report of the Shanghai Child 1935, and the estimated abour Commission is reprinted n full in the Chapter in "Labour." amount thereaf is $20,000. The Articles of Assacciation The Political Summary" describer provide that the qualification events up to the end of March, of Director is to be the 1926. The Chapter on "Defence holding of 1,000 shares in appears at the end of the Book the Company and that the New Chapters include a Summary remuneration of each of the Directors is to be $2,000 per

annum.

Medical Events." "Political Parties," "Taxation" a "Biblio graphy for 1924," and a docu. mented Chapter on "China's Con The Directors were interest-stitutions and Election Laws." ed in the promotion of the THE TERMS OF THE GOLD Company to the extent only FRANC SETTLEMENT ARE that they or some of them are INCLUDED IN AN APPENDIX Directors of oder companies with whom the Company may do business.

Copies of the Memorandum and Articles of Association of the Company and of the Purchase Agreement and of The Telephone Ordinance No. 9 of 1925 can be inspected at the office of Messieurs Beacons, Bulleitora for the Company, at any time during business hours.

A copy of the Company's Memorandum of Association is annexed to this Prospectus and forms part of it. Application for shares should be made upon the form tc- companying the Prospectus. and sent to the Company's Bankers together with a re- mittance of $3.50 per share, being as to $2.60 thereof one- quarter of the nominal value of the share and as to the remaining $1.00 the premium thereon. Whers' ng alioimsat is made the depart will be

14 full and

of the deposit will

PRICE $15.00 NETT,

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HONGKONG.

COMMERCIAL PRESS, LTD.,

GANTON.

THE NEW FRENCH REMEDY, THERAPIO

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******■I-XXXXXXXKIMOJICHOMICIDE

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