FRIDAY, DECEMBER 11, 1925.
PROSPECTUS,
7
---
The Subscription: List will be opened on Tuesday, the 25th day of December 1925, and will close on or before Thursday, the 31st day of December, 1935.
HONGKONG TELEPHONE COMPANY, LTD
Incorporated under the Companies. Ordinance, 191 Capital $5,000,000 divided into 500,000 Shares of $10 pach.
Of the above shares 110.000 were subscribed forush on the Incorporation of the Company by the two Promoters, the Bon Sir CP: Chaver and James Harpor Taggart? na to 15,000 each, and by the Directors, the Hon. Sir C. P. Chaler, the Hon Mr. P. H. Jolyoak.. the Hon. Mr. Chow Shou Son, the Hon. Mr. R. H. Kotewall, the Very Reverend Father Leon: Robert Robert Gordon Shewan, John Scott Barston and James Harper Taggart as to 10,000 shares euch.
On these $3.50 per share (being UM-to $2.50 ohe-quarter of the pominal 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 capitat
140,000 shares credited as fully paid up and ranking for dividend as from the 1st July, 1926, have been allotted to the China and Japan Telephone and Electric Company. Limited in pursuance of the Agreement (hereinafter called "the Purchase Agenemen:") dated the 20th day of May. 1925.. made between the China and Japan Telephone and Electric Company. 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, 1926, on the nominal amount from time to time paid up thereon but in all other respects equally with thore already subscribed are now offer- ed for public subscription.
$8.50
per share is payable on applica- tion, being as to $2:50 one-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 present but is to be called up on subsequent demand as and when capital is required!
In alloting shares the Directors will, if there are sufficient appli- cations from bona fide residents in. the Colony of Hongkong. allot shares tỷ anch applicants only, and they will also pay due regard to the applications of telephone sube scribers.
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 Són, of the Bank of East Asia, Lirnited, 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- kong, Merchant.
John Scott Harston, of Prince's Building, Victoria Herigkong,
Solicitor.
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 Telephone China and „Japan and Electric Company, Limit- ed, and the Oriental Tele- phone and Blectric 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- dents of Hongkong. The first nominated Directors (nominated by the China and Japan Telephone 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, Accountanta.
Solicitors. Messrs. Deacon. Victoria, Hong-
Registered Ofrez
18 Des Voeux Road Central, Hongkong.
Acting Secretary. A L. Terry, ACLS
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 Offer is situate at. Alderman House, Alderman Walk, Bishopsgate, London, England. The mater- lal terms of the bargain are set forth in the Purchase Agree- ment as follows:-
נו
(2) The Vendor"Company will "sell and the Hongkong Com- "pany will purchase as at the "First day of July One thou« "wand nine hundred and twenty-five the said Tele- "phone business and the whole of the undertaking in the Colony of Hongkong) "and the Dependencies there. "of us a going concern (with "the benefit of all assets there "situate but exclusive of the "net
or
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 "kwenty-five), of the Vendor! "Company but free from al "debentures, mortgages, "charges of any kind and the "Vendor Company save as "herein specially provided for "shall pay and discharge all "liabilities whatsoever j- "eurred by the Vendor Com- "pany prior to the First day "of July One thousand nine "hundred and twenty-five in- "cluding the satisfaction of all "claims in respect of stuff "superannuation fuid's bonuN. "funds and/or other bonus "payments up to and includ- "ing the Thirtieth day of June "One thousand nine hundred "and twenty-five Provided
THE CHINA MAIL.
NOTICES.
HONGKONG" ST. ANDREW'S SOCIETY,
ANNUAL BALL to be held on RIDAY, 26th FEBRUARY, 1936. THE Above date has now been
.45
"(8) The consideration for the the shareholders of the Company "Baldt 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 $1,155,000 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. Curling expenses, maintanance and "rency) for the plant of efficient service, depreciation and "the Vendor Company. reserve, and the other deduétians. "(by The landed cost to the referred to in Section 36 of the "Vendor Company of all said Telephone Ordinance the additions made to the said above rates are to be raised so
ixed for the Annual Ball. "plant and/or property as to enable the shareholders to
Reel practices will take place in from the First day of receive such minimum dividend of the City Hall on FRIDAY, 19||| "January One thousand Eight per cant. per annum.
February and on TUESDAY, 23 "nine hundred and twenty-The amount to be written off as February from 5.30 p.m. to 7 pm "Ave to the Thirtieth day Provided annually for depreciation
Arrangements for Ball Tickets is not to exceed ten per cent. on for Members and their gucata wilk "of June One thousand nine the cost of the Company's plant remain as already instructed for "hundred and twenty-five.
and equipment other than and the original date unless the "(e) The sum of $131,386 and buildings, and the amount Honorary Secretary la notified in
**(Four hundred and
hat may be appropriated annually writing of any changes en or ninety-one thousand three by the Company to a Reserve before Tuesday, 18th February, hundred and thirty-five Account shall not exceed $50,000. 19.6. "Dollars, Hongkong Cur- The net profits of the Company Owing to the resignation of Mr. "rency) for the land and after providing as aforesaid are A. Ritchie, the duties of Hon "bulidings of the Vendor to be used firstly in payment to Secretary will now be undertaken "Company which are more the Government of a royalty of by the undersigned. "particularly set forth in Four Dollars in respect of each
the Schedule bereto.
direct exchange line Telephone (d) The value of the stores which has been used and paid for
4
A. K. MACKENZIE, c/o Mossrs. Holyoak,
Massey & Co.,Ltd.,
Queen's Building. zad December, 1935.
"of the Vendor Company during the whole previous Twelve "which at the Thirtieth day months by a Telephone Subscriber Hongkong,
"of
June One thousand for One Dollar per direct exchange. ***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
PEAK CLUB.
BALL
'I will be held on TWELFTH NIGHT. WEDNESDAY, 6th January, 1926,
åt 9.30 p.m.-
Tickets $3.00 each.
"or are in transit to the shareholders of the Hongkong A GRAND FANCY DRESS "Vendor Company there or Company of the minimum divi- "for the purchase of which [dend of Eight 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 sail consideration a larger dividend than Twelve "shall be satisfied (as to the per cent. per annum can be "sum of One million four puid then us to the differ- "hundred Dollars part therence between Twelve per cent. (of) by the allotment and and Eighteen per cent. half
As it will be necessary to limit issue to the Vendor Com-thereof is to be paid by way the number of tickets to be issued, "pany of One hundred and of increase of dividends to the Members and. Subscribers
shareholders of the Company, and advised to made early application "forty thousand shares of the remaining half of such differ for their requirements to "Ten Dollars each in the fence is to be set aside for the undersigned. "Hongkong Company credited benefit of subscribers by way of "as fully paid up ranking, for redzetion 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 (as to the balance of Fifteen per cent. per annum.". "thereof) by payment in "cash in Hongkong Currency
Any further net profits (Lc., net profits in excess of Eighteen per "in Hongkong by the Hong-eent. per annum) are to be ap
are
the
E. B. C. HORNELL
Hoo. Secretary. Hongkong 3rd December, 1925. .
NOTICE.
"Heng Company to the Vendor plied clely for the reduction of the General Meeting held
"Company.
THE SCHEDULE ABOVE REFERRED TO:
Properties Owned by the Vendor Company.
subscription rates.
Full particulars in respect of the above appear in The Telephone Ordinance 1925.
(b) The minimum subscription on which the Directors may proceed to allotment in Seven shares. The shares now offered for subscription have not been underwritten.
(e)
"always and these prosents "are upon this express con- No. 2 Queen's Road Central and "dition that the same shall be "subject to the said James No. 1 Cameron Read. Kowloon.
No. 14 Ice House Street, "Harper Taggart being satis-Nos. 118 and 119, The Peak. "ed with the state and con-land Lot No. 57, Sections A & "dition of the plant (including B of Inland Lot No. 339, "cables conduits, etc.) of the Section A of Kowloon Inland Lot "Vendor Company. The said No. 549. **phrase 'the undertaking Remaining Portion of Rural
(e) "shall be deemed to in- "clude:-
Building Lot No. 47. Properties Lensed by the Vendor Company,
"(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
(a) Six Office Rooms in Nos. 15 and 17 Queen's Road Central,
(0) One Two-storey Godown.
used as Store and Work- shop being No. 3a Duddell Street.
(c) Portion of land belonging to Kowloon-Canton Rail way at Blackhead's Point, Kowloon, for storing cables.
In addition to the allotment of "ten subject to the rents 140,000 shares of the Company, "conditions and reserva-credited as fully paid up, the "tions affecting the same. China and Japan Telephone and (1) "(e) 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 the Purchase Agreement.
of the consideration specified in "gether "with such books, "accounts, documents,
I
(2)
No commission or promotion money will be paid by the Company.
|
the 26th November, the Share- holders of the Societe Francaise de Gerance de la Banque Indus- trielle de Chine have decided to increuse the Capital of the Com-, pany to frs: 20,000,000 and to alter the name to:
BANQUE FRANCO-CHINOISE
POUR LE COMMERCE ET “ L'INDUSTRIE.
any change the organisation of This new name does not imply.
the company but has been adopted for the sole purpose of emphasiz- ing the Franco-Chinese character of the institution.
Hongkong. 2nd December, 1926.
NOTICE.
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 becomes entitled to commence business and also the legal costs and expenses of and
Hongkong University incidental to the negotiations
Engineering Society will hold which have taken place for its Annual Dinner on SATUR acquiring the. aforesaid
DAY, 19th December, 1925 at 8 undertaking and the negotia-o'clock, in the Great Hall of the tions with the Hongkong University. Government arising thereout
THE
Hall.
Charge $3.00 par head. Hongkong, December 3rd, 1935.
Graduates and past members and the obtaining of the who wish to join and bring guests aforesaid Ordinance, such are requested to apply to the Hon. legal costs and expenses to Secretary, Mr. T. K. LAU, Morrison be incurred during the year 1925, and the estimated amount thereof is $20,000. The Articles of Association provide that the qualification of a Director is to be the holding of 1,000 shares in the Company and that the remuneration of each of the Directors is to be $2,000 per annum.
Copies of the Memorandum and Articles of Association
ART EXHIBITION":
of JAPANESE OLD PRINTS, IVORY · CARVINGS, SCREENS, OLD SILK BROCADES, etc., etc.,,
st
Road
Befor
TEN DAYS ONLY..
Mr. K. HAYASHI of Tokyo will Exhibit over 3,000 Prints by the
Best-known Masters.
PRICES ranging From 50 cents.
· HONGKONG HOTEL
ROOF GARDEN
WILL BE RE-OPENED, ON DECEMBER
15th, 1925.
POPULAR
3
TEA DANCE DAILY
(Sundays excepted) 4.30 p.m. to 6.30 p.m.
ADMISSION FIFTY CENTS
11
INCLUDING TEA.
Express fts from Roof Garden Entrance in Pedder Street.
THE HONGKONG & SHANGHAI HOTELS, LTD.
To-night!
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You even the pools of glory-your
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X-BAZIN will give your arms--underarm and fore-arm --and your neck this immaculate beauty. Pleasantly, safely, almost instantaneously, this, mirvellous French depilatory removes superfluous hair. It leaves the skin smooth and creamy and does not coarsen, darken, or increase future growth. And it is scented-s very delicately. For his cake and your own-uc X-BAZIN to-night, of all nights
Manufactured by
HALL & RUCKEL, Inc.
New York, US. A,
X-BAZIN
Famous French Way of Removing Hair
Exclusive Agents for South Chine
R. H. KOTEWALL & CO., PO Box 252, Hongkong:
"OVERLAND CHINA MAIL"
Contains all the News of the Week.
PRICE
-30 cts. PER COPY.
The "Overland China Mail” is obtainable every week on Friday morning at the office of the publishers (China Mail Building) 5, Wyndham Street in ample time for the mail
CONTENTS,
Page.
1 Fanling Golf 1-4 "White Wings"
Domestic Occurrence Leading Articles. Correspondence- Telephone Co. Dollar Boats
Page. 17.
..17
4.
Favourite Last. Rugger Trial
.18-19 .19
R.H.K.Y.C. Oars
19
Record Score
20
Blind Girls' Home
Al Fresco Fete
21
Army Cricket
Valedictory Peace Mission Chefoo Notes A.D.C... Snatcher Caught Shaft Damaged St. Stephen's College
The Hongkong Company was formed for the purpose, also, of "plans statistics records supplying telephonic communica-) The Directors were interest- MESSRS. KOMOR & KOMOR, Our Rose Day "and reports as pertain or tion within and between the "are necessary to the con Colony of Hongkong and its
ed in the promotion of the Alexandra Building, Des Voeux "duct in continuity of the Dependencies and the New Terri-
Company to the extent only. "business being the pro-tories for a period of Fifty years
that they or some of them are "perty of the Vendor Coro-under a Concession from the
Directors of other companies "pany and used by it for the Hongkong Government detailed
with whom the Company may do business. "purpose of its business and particulars of which appear more “including apare plant and fully in The Telephone Ordinance "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 (a) $108 per Exchange Line "which it is entitled and within () Victoria and Kow- "also including works of loon as defined by the Inter- "all kinds in the course of pretation Ordinance 1811 and (E) A copy of the Company's "construction without ox- (i) within the Peak District "ception,
(d) The benefit of all con- "tracts and engagements "entered into by the Ven- "dor Company in the (6) "Colony of Hongkong in re- "lation to its sald business "(but excepting contracts "with employees of the "Vendor Company for "which special provision is "hereafter, made),
(e) The Vendor Company's rights and corresponding "obligations in respect "thereof relating to all
wuylerves way "all other rights and esse
ments enjoyed and used Why the Vendor Company
or the purpose of its said "mainoss
(0)
Screeps,
of the Company and of the 10 $ 2,000 Each, Purchase Agreement and of
Fine Embroidered The Telephone Ordinance No. Real Crystal Chains, Priest and 9 of 1925 can be inspected Haor! Crate, will be on View for at the office of Messieurs 10 Days Only. Deacons, Solicitors. for the.
A Cordial Invitation is Extended, Company, at any time during to. All Lovers of Art. basiness hours,
Memorandum of Association
ais defined by the Peak Disis annexed to this Prospectus trict Reservation. Ordinance
and forms part of it.
1904 but substituting 700 (7) Application for shares should feet" for "788 fest
$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 $50 per mile or part of a mile measured outwards from the of the areas referred to în nearest point of the boundary
(c) and (b)
(d) For extension telephones, bells, switches, switch ggards,. power-clcuits, removals," and other services of ike nature atch charges as the Governor. In-Council may approve Should the charges above re- ferred to be insufficient to pay a
be made upon the form ac2) companying the Prospectus und sent to the Company's Bankers together with a re- mittance of $5.50 per share,: being as to 32.50 thereof one- quarter of the nominal value. of the share and as to the remaining 31.00 the premium thereon Where no allotment is made the deposit will be returned in full and where the number of sbarag allottedi. is less than the plied
CRSIOUNE
returnéda
(K)- Prospect
#ed atrand
dep
Bobbies Stranded Red Cross Men The Cup Sim Shield .. Chefoo Sport Rosebud Wedding "Hat Trick
B
ta có có có đi chi tiế
"Improvements" Welcome!
Drag Hunt.. Peace Moves....
Lost Ship Echo.
Fall Into Dock
Long Voyage. Found Dead A.D.C...
Get Rich Quick Peace Mission
False Contents
Fire Escapes
Claims Dismissed
8
9
9
9
Who's Who
A "
KOMOR & KOMOR,
Marriage Tangle'
10
Shot Himself
10
Fatal Fire
10
Traffic Mishaps
27 Years Savings
Love's Sequel
10.
Unions Closed
An Ugly Face
10
Golf Club
"With the Gloves
11
Our Scouts
Local Cricket way Red Bombshell Alleged Fraud
12.
Ancient Culture
.12
Saving Water
THE NEW FRENCH REMEDY. THERAPION NO 1. THERAPION NO.2 THERAPION NËS
2 tdova Nai rearjied do not hesitate to t Our FREE bament ustalon na sa muitabilit% --
.
A
Later Ferries
River Escorts Steward's Smokes Rose Sales pany's Bankers, the Hong-
Memorial Service kong and Shanghai Banking
Theosophy Corporation. Hongkong, and
Funeral af and from the offices of the Company's Solicitors, Mes- Lady Assaulted Bleurs Deacons, No. 1 Des Plucky Boy
* Roud Central, Hon Border Fir
Cables to North
been duly
Surrey
Cricket No
All Three
Last Serm
14%
Company Report
Manly Art.
Our Local Theatre
Husband Liable?
Wanted to Die
War in South After 87 years Dismissed. To-day's Wedding Up Aloft
I means that notes
Captain's Cup Local Boxing Mukden Position Pricer Basler,
Onco Boy Bolt The Atherley Case
888888888888
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