1925-12-16 — Page 9

WEDNESDAY, DECEMBER 16, 1925.

PROSPECTUS.

The Subscription List will be opened on TUESDAY, the 15th day of DECEMBER, 1925, and will close on or before THURSDAY, the gast day of DECEMBER, 1925

HONGKONG TELEPHONE COMPANY, LTD.

"Incorporated under the Companies Ordinance, 191 Capital $5,000,000 divided into 500,000 Shares of $10 each.

Of the above shares 110,000 were subscribed for enah on the incorporation of the Company by the two Promoters, the Hon. Sir C. F. Chater and James Purper Taggart, as be 16.00 each, and by the Directors, the Hon. Sir C. P. Chater, the Hon Mr. P. M. Holyoak, the Hon. Mr. Chow Shou Son, the Hon. Mr. R. 1. Kolewalk the Very Reverend Father Loom Robert. Robert Gordon Shewan, John Scott Marston and James Huper Taggart as to 10,000 sbures each,

On these $3,50 per share (being Is to $2:50 one-quarter of the nominal value of the share and as le $1.00 the premiera thereon) was paid on allement and the balance. $5 per shure) will be prit when called up or the same basis as the remaining capital,

1-10,000 shares credited as fully paid up and manking for dividend as from the 1st July, 1925, have been allotted to the China anch Japan Telephone and Electric. tommy, Limited in pursuance of the Agrizement (hereinafter called "the Purchase Agreement") dated the 20th day of May, 1925, made between the China and Japan Telephone nel lectric 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 18 day of Janury. 1926, on the nominal amount from time to time maid up thereon put in all ether with thore respects empally already subscribed are now offer- ed for public subscription. $3.50 per share is payable on applien- Uion, being as to $2:50 one-enarter of the nominal value of the share and as to $1.00 the premium there 011. 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,

4

In allotting shares the Directors wilk if there are sufficient appli- cations from bona fide residents in the Colony of Hongkong, allot shares to such applicants only, and they will also pay, due regard "bo the applications of telephone sub- scribers.

Directors.

The Hon. Sir Catchick Panl 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 Han, Mr. Chow Show Son, of the Bank of East Asia, Limited, Victoria, Hongkong. Banker.

The Hon. Mr. Robert Hormüs Kolewall, of China Building, Victoria, Hongkong, Merchant,

The Very Reverend Father Leon Robert. of Missions Etrang- rus, Victoria, Hongkong, Mix- sionary.

Robert Conlon Shewan, of St. George's Building, Victoria. Hong- kong, Merchant.

John-Scott Harston, of Prince's Building. Victoria, Hongkong,

Solicitor.

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

the

לי

In pursuance of the terms of Purchase Agreement, the China

and Japan Telephone and Electric Company, Limit- ed, and the Oriental Tele- 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 Eompany 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.

(o) 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 therect und whose Registered Office is. situate at Alderman House, Alderninn Walk, Bishopsgate, London, England.

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

Solicitors. Messra Deacon, Victoria, Hong- kong.

Registered Office.

16, Des Voeux Road Central, Hongkong.

Acting Secretary. A. L. Terry, ACLS

The muter-

ial terms of the bargain are sou forth in the Purchase Agree- ment as follows: --

or

THE CHINA MAIL.

"(8) The consideration for the the shareholders of the Company "said 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 timo being, after making pro "and fifty-five thousand vision for working and manag "Dollars, Hongkong Gur-ing expenses, maintenance and "rency) for the plant of officient service, depreciation and "the Vendor Company. roserve, and the other deductions "(b) The landed cost to the referred to in Section 35 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. por annum. "nine hundred and twenty- "five to the Thirtieth day "of June One thousand nine "hundrod and 'twenty-five. (c) The sum of $101,836

"(Pour hundred "ninety-one thousand three

and

9

"CHINA MAIL" SPORTS PAGE

SIM SHIELD.

SERVICE TEAMS SHARE 6 GOALS.

ARMY DRAW WITH NAVY..

The amount to be written off as With a victory each to their provided annually for depreciation credit over the Hongkong Hockey is not to exceed ten per cent. on

the cost of the Company's plant Club, the Army and Navy met and equipment other than land on the U.S.R.C. ground yesterday and buildings, and the amount in the third match of the trian- hat may be appropriated annually guiar contests for the Sim Shield "andred and thirty-five the Company to a Reserve and drew with three goals each. "Dollars, Hongkong Cur-count shall not exceed $60,000.

The net profice of the Company; The teams were as under "rency) for the land and after providing as aforesaid are Army: Sergt. Clark; Sergt. "Daildings of the Vendor to be used firstly in payment to Phillips, Lt. Smith; Capt. C. D. "Company which are more the Government of a royalty of Armstrong, Capt. D. J. Allfree particularly set forth in Four Dollars in respect of ench (Capt.), L. Webb: L/Cpl. "he Schedule hereto.

direct exchange line Telephone Masters EL V. R. Wright- (d) The value of the stores which has been used and paid for Neville, Pte. Burgess, Lt. Jacob- of the Vendor Company during the whole previous Twelve Larcomb, 2nd Lt. C. H. Dickins. "which at the Thirtieth day months by a Telephone Subscriber Navy Li Garwood; Iut. June One thousand or One Dollar per direct exchange Wauchope, Lt. Emley; Lt. King, "une hundred and twenty-line Telephone for each period of Lt. Simpson (Capt.), Lt. Broome; "ve ure in the possessionThree months or less.

Pay-Sub-Lt. Wilson, Lt. Nichol-

"of

of the Vendor Company in The said net profits are secondly son, Et. "Hill, Lt. Sillitoe, L. the Colony of Hongkongo be applied in payment to the Fleet. "or are in transit to the shareholders of the Hongkong Referee: Capt. C. H. D. "Vendor Company there or Company of the minimum divi-O'Callaghan. "for the purchase of which end of Bight per tent. per "Vendor, Company has en "tered into binding con- **tracts.

The match commenced at an. annum rising to Twelve per cent. early hour and was finished in per annum.

If the net profits be such that got light with a full interval. "64) The said consideration larger dividend than Twelve ho play, however, did not ap- "shall be satisfied (us to the per cent. per annum can be preach the standard of the two "sum of One million four paid then as to the differ previous matches and was disap "hundred Dollars part there nee between Twelve per cent, pointing from a spectator's point There were far too of by the allotment and and Eighteen per cent. half of view.

many infringements of the off- issue to the Vendor Com-thereof is to be paid by wayside rule, handling high up in the "pany of One hundred and of increase of dividends to the "forly thousand shares of shareholders of the Company, and air and "sticks" which, repeated Ten Dollars each in the the remaining half of such differ with regularity, brought play to "Hongkong Company credited cace is to be set aside. for the standstill much too often. The as fully paid up ranking for benefit of subscribers by way of balk also found the touch lines, "dividend as from the First reduction of the subscription rates too frequently and nearer goal "day of July One thousand authorised as above mentioned was apt to go wide, spolling the "nine hundred and twenty-The dividend payable to share. hoishes of a few good movements "five and (as to the balance holders is limited to a maximum which were noticeable now and "thereof) by payment in Fifteen per cent. per annum.

Any further net profits (ie., net "ensh in Hongkong Currency

(2) The Vendor Company will "sell and the Hongkong Com- "pany will purchase as at the "First day of July One thou- **nek

nine 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 us a going concern (with "the benefit of all assets there "silente but exclusive of the "net profita, investments, "cash in hand and in the "Bank and debts due to the Vendor Company on the "Thirtieth day of June One) "thousant nine hundred and "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 "shit pay and discharge all “liabilities whatsoever "curred 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 "elims in respect of staf "superannuation funds bonus funds and/or other bonus "payments up to and includ- "ing the Thirtieth day of June "One thousand nine hundred "and twenty-se Provided "always and these presents "ure upon this express con- "dition that the same shall be No. 2 Queen's Road Central and

No. 14 Ice House Street. "subject to the said James: "Harper Taggart being satis-No. 1 Cameron Road, Kowloon.

Nos. 118 and 119, The Peak.

**Company.

Ordinance 1925."

then.

Both teams may be said to have

NIGHT CLUB ROW!

HOW BATTLING SIKI WAS KILLED.

IN 'HELL'S KITCHEN,

(Beuter's American Service.)

New York, Dec. 15. The body of "Battling" Siki was found lying face downward on the pavement at four in the morning by a policeman who had met and exchanged greetings with the box- er shortly after midnight, near where the body was found.

"Battling" Siki, ✔

A revolver lay in a gutter. Two chambers were empty and the thrown away by the murderer weapon. is believed to have been when he fled.

Siki was well-known in the neighbourhood. It is suggested

numerous night-clubs and became

MAGIC CUP.

HOME F.A. ROUND 2

REPLAY

DAIMĄBY OVER MUNDLE.

(Reuter'a Service.)

London, Dee. 15. Replaying in the second round proper of the Football Association Cup, Grimsby defeated: Kettering by 8 goals to 1.

(Note: The winners visit Birmingham (of the first league) on Jan. 9 for round 3.]

LAWN TENNIS.

BRITISH TEAM IN SOUTH AFRICA.

RESULTS AHEAD OF MAIL.

(Times of Ceylon.),

Port Elizabeth, Nov. 21.

The British lawn tennis team opened their tour here in glorious weather. A large crowd was pre- sent and the courts were in splen- did condition, when they beat the Eastern Province by 5 matches, to 8.

A feature of the tournament was the wonderful displays of the South African singles champion, 1. Richardson.

The results were as follow ;--

MEN'S SINGLES.

(South Africa),

Richardson

beat. G. R. Croie Rees, 6-1, 6-0

Mrs. Watson (Great Britain), defeated Miss Lumaden (Eastern Province), 6-1, 8-6, 6-2.

LADIES' DOUBLES.. Miss E. McKane and Miss. J.

"in Hongkong by, the Hong-profits in excess of Eighteen per had: an even share of the game "kong Company to the Vendoren, per annum) are to be ap-the Army being slightly superior that he had been to one of the

plied solely for the reduction of in the opening half and falling

ubeeription rates,.

away later to see the Navy at- Full particulare in respect of sacking more earnestly, But for involved in a dispute which con-Colyer, defented Mrs. Hoskin and the above appear in The Telephone the continual cessations, the playtinued in the street, ending in his Mrs. Johnstone (Eastern Pro-

vince), 6-4, 6-8. was fairly fast and fortunes murder.

Last July Siki was knifed in the Mrs. Watson and Misa Ridley, fluctuated.

same spot.

(Great Britain), defeated Mri. An earlier message stated:-Tait and Miss. Lumsden, 6-2, 4-6, The French Senegalese boxer, 6-4. "Battling" Siki, has been murder- ed. He was shot and knifed in a tough district known as "Hell's Kitchen."

THE SCHEDULE ABOVE. REFERRED TO:

Properties Owned by the Vendor Company.

+

fed with the state and con- Inland Lot No. 57, Sections A & "dition of the plant (including 13 of Inland Lot No. 339:

Section A of Kowloon Inland Let

feables, conduits, etc.); of the "Vender Company The said

C "phrase 'the undertaking' "shall be deemed to in- *clude:-

"(n) 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-

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"igs of the Vender 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-

No. 549.

Bemaining Portion of Rural

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

(u) Six Office Rooms in Nov. 15 and 17 Queen's Road Central

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

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

(b) The minimum subscription on which the Directors may proceed to allotment in Seven

(e)

(d)

(c)

In addition to the allotinent of: "ten subject to the rents 140,000 shares of the Company, "conditions and roserva- [credited as fully paid up, the "tions affecting the same. China and Japan Telephone and (e) All plant material stores Electric Company Limited has()

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

the Purchase Agreement "gether with such books, "accounts, documents, "plans stalistles records.

|

41

shares.

Shortly after the start the Army drew first block through Dickins. Ten minutes later The shares now offered for Nicholson evened up matters by subscription have not been scoring a fine goal from close

been saved. underwritten.

range after a shot by Hill had

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

A

SERVICE SOCCER.

6-8.

ני

MAN'S DOUBLES,

MIXED DOUBLES.

Godfree and Miss McKane (Great Britain), defeated Davies and Mrs. Tait (Eastern Pro- vince), 6-2, 7-5.

L. Godfree and Eames, (Great Britain), defeated Kirby and [Rising to fame several years ago Phillips (Eastern Province), 63, A few minutes later the Army by a sensational and questioned 6-1. got ahead again by Wright-defeat of Georges Carpentier, Siki Richardson and M. Davies The Company is to pay the Neville Anding the net with the lost favour in France and migrat (Eastern Province), defeated preliminary expenses of and goalle making fine but fruitlessed to the States. He has done Crele Rees and Summerson, 6-2, incidental to the formation effort to avo

little actual boxing of note in the and Rotation of the Company

Hill had a long distance try but 'ast two years] down to the time when it becomes entitled to commence failed, and later a movement by business and also the legal the Army right wing and the in- .costs and expenses of and side man was spoiled by off-side. incidental to the negotiations Simpson next put an end to which have taken place for several rushes by the Army, play- aforesaiding his usual spolling game, and acquiring the undertaking and the negotia both the Naval backs cleared well, tions with the Hongkong On a return visit the Army

It has been decided to play off Government arising thereout sent one in the direction of goal, and the obtaining of the which the custodian mis-kicked, the local United Services football aforesaid Ordinance, such and Wright-Neville getting past competitions on the elimination legal costs and expenses to put a little speed on the ball and system. Results to date follow

SRNIOR. be incurred during the year sent into goal.

The 1925, and the estimated,

whistle for half-time

First Round. sounded shortly after, the Army Hawkins 2, Submarines 0. amount thereof is $20,000.

leading by three goals to dne, 1/E Surreys. Ambrose 0.

Immediately after the bully-Titania 1, Carlisle 0. The Articles of Association. provide that the qualification of the Army were penalised, in of a Director is to be the

R.A. w.o. from. Durban. halding of 1,000 shares and impeen taking a

their half for an infringement

Second Round. free

COMPETITION RESULTS TO DATE.

Titania 1, R.A. 1,

the Company and that the hit sent across to fill, who scored 1/E Surreye 2, Hawkins remuneration of each of the the best goal in the match by a Directors is te be $2,000 per fast cress shot.

[The re-play, Titania v. R.A. The Directors were interest-the Navy attacked vigorously and inst.lj.

With one goat still to the bad, will take place on Monday, 21st

annum.

(0)

The Hongkong Company was formed for the purpose, also, of supplying telephonic communica- "and reports as pertain or tion within and between the "are necessary to the con- Colony of Hongkong and its "duet 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 mentioneding 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 kind in the course of "Construction without ex "ception.

"(d). The benefit of all con- "tracts and engagementa "entered into by the Ven- "dor Company in the "Colony of Hongkong in re- "lation to its strid businesA "(but, excepting contracts "with employees of the "Vendor Company for "which special provision is "hereafter made).. **(e) The Vendor Company's

(a) $108 per Exchange Ling

within () Victoria and Kow loon as deflhed by the Inter- pretation Ordinance 1911 and (1) within the Peak District 4s defined by the Peak Dis trict Reservation Ordinance 1804 but substituting "700 feet for 788 feet."

(6)

(0)

rights and corresponding "obligations in respect (d)

herent relatos wayleaves way and

$108 per Exchange. Line within a radius of one mila- 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, nearest point of the boundary of the areas referred to in (a) and (b).

For extension telephones, – pels switches,awilon boards, power-circuits, removals, and other services of like nature, such charges as the Governor In-Council may approve. Should the charger above ferred to be insuficient to pay

all other rights and ease- ments enjoyed and used "by the Vendur Company,

for the purpose of its said.

(i)

ed in the promotion of the the Army custodian saved from Company to the extent only Sillitoe, missing his footing in the

JUNIOR. First Round.

that they or some of them are effort. Nicholson gained passes-Iroquois 2, Carlisle II 1. Directors of other companies sion and was sucessful, the bail Surreys II 4, Tamar 1. with whom the Company may striking the fallen goale and fly- R.A, IT1, Titania II 0. do business.

ing into the not

backs

Copies of the Memorandum and Articles of Association The equaliser infused more life of the Company and of the into the Navy sad the attack was Purchase Agreement and of maintained, the Army The Telephone Ordinance Neeften clearing nicely in n sustain 9 of 1926 can be inspected ed attack. Hill was on the point at the ufce of Messieurs of scoring when he once broke Deacons, Solicitors for the through, but the Army custodian Company, at any time during cleared nicely. The final whistle

sounded with the score three all.

The position now is:-

business hours,

A copy of the Company's Memorandum of Association

is annexed to this Prospectus and forms part of it

(1)

Navy Application for shares should Army

be made, upon the form ac | Club"

Goals.

P: W. D L. F. A. Z

2 11

Durban II 2. Submarines II 0. Foxglove 3, Petersfield 0.

Second Round, Hawking II 2, Bluebell 0. Staff and Depts. 6, Foxglove 1.

Richardson and Mrs. Hoskin (Eastern Province), defeated Eames and Miss Colyer (Great

Britain), 7-5, 7-5.

RUGBY TACTICS.

"ALL BLACKS'" SCRUM FORMATION.

8 BACKS, 7 FORWARDS.

(Times of Ceylon,),

London, Nov. 25.. The international rugger player, Kershaw, writing to the "Even. ing Standard," states that he understands that as an experi mant the New Zealand forination of 8 backs and: 7 forwards will be tried in one team in the Irish trial, while the other will be com- posed of the orthodox eight in the pack.

R.A. II w.o. from Durban IL

It is an open secret that clubs [Surreys II and Iroquois will In South Ireland were deeply in- play their match on Friday, 18th Auenced by the theories so attrac inst. The finals in both divisions tively put into practice during the will take place at Scokumpoo on last visit of the All Blacks.

The 23rd, kick-off 2 p.m. and 3.45 p.m.

Irish internationals, respectively.1

Crawford and Lieut. Browne, took pains to get first-hand informa- tion from Porter, Richardson and Nicholls, and an explanation of

..

30 5 4 3 Paolino, the Basque heavy

2 11 0438 weight boxer, who was once the New Zealanders' strategy, and

2° 0

02 1 8 0 wood chopper, seems in a fair there was striking evidence at

companying the Prospectus [Note: In case of an all-way to becoming a successor to Oxford last week, when Dublin and sent to the Company's round tie, goal average to count 1 Georges Carpentier, by whom he University, playing in the New

Bankers together with a re mittance of $8.50 per share, baing as to $2.50 thereof one- quarter of the nominal value- of the share and as to the "remaining $1.00 the premium thereon. Where na allotment Is made the deposit will be returned in full, and where the number of shares allotted to less than the nu plied for, a prong; amount of the deposit will returned, 194

(h) Frompecfuses can be ins „od at, and forma of

tion obtained from kap:

is now being tutored. He will Zealand formation, heavily defeat never have the same magnetism ed the Varsity.

for English spectators as Car- They were not the only Irish pany's Bankers, the Hong-ly that he will win any of the land strategy.

pentier bad, and it is very unlike men impressed by the New Zea kong and Shanghai Banking championships that the French- Corporation, Hongkong, and man gained, for apart from his

at and from the offices of the i

natural, aptitude Ter fighting be Company's Solicitors, Mes is only a very moderate per sleurs Deacons, No. 1 De former. But what a chance League,

The final of the Garrison Football Voeux Road Central, Hong-boxy-la-for-a-young-British

"A" Company E. Surrey

Konk

heavyweight to arise Rust now Regiment "B" This Prospectus has been duly. In two or three years he could Surrey Regiment will be played ab filed with the Registrar of Com--make a comfortable fortune. Un pan. Sookumpoo ground on Thum fortunately, such a man does not day (December 17) The GO. 0. appear to bazinsk Gin Daily! has kindly consented to present tho

Cup and Medals after the mat

Dated the 15th day of Octob

1923