1935-03-25 — Page 7

THE CHINA MAIL, MONDAY, MARCH 25, 1935

Hong Kong And Whampoa

IDENTIFICATION COMPETITION

CONTEST ENDS TO-DAY

Continued from Pape 9).".

a new calason to No. 3 Dock, the purchase of a Babcock & Wilcox patent luffing head for our 80-ton sheerlegs, which can now deal with [very much larger vessels than

formerly, and the fiting of a 10-- ton crane to the dockside of No. 1 Dock

"Shareholders will note that while)

HERE is the net sus hose features it conceals? He is in we have spent money to maintain

the Inst star for identification. Can you pierce, the

Broadway Bill."

Here is the photograph of the sixth star-and last- in the Queen's, Theatre series! This able artist should be easy to recognise.. He has appeared in numerous film hits this past year or two, especially "Lady For a Day." and "It Happened One Night," made by the same producers as "Broadway Bill," the glorious new film in which he has a featured role! Identify him, write not more than 50 words about each star, and send in all your solutions to the Contest Editor, care of the China Mail offices. The best solutions and contributions will win theatre tickets to see "Broadway Bill," which opens at the Queen's next Saturday.

POLICE RESERVE Orders for the Current Week

our plant and property efficiently we have also been saving, and, as al- ready referred to, the overdraft has. been reduced by a fairly considerable! sum.

"In all that has been done your Board have taken a very keen in- terest and thoy have been well sup ported by a zealous and efficient ataff, and I am very glad, once more, to testify our appreciation of their services.

Times Remain Anxious

"I need hardly remind you that the times remain anxious; competi tion increases and is more severe.| The year 1934 has been for the whole world a year of expendient and experiment, and, with Hong Kong, our Company has felt and is feeling the effects of the world wide ¡depression."

+

Mr. P. C. Potts seconded the re- port and accounts, which were car- ried unanimously, "

Mr. F. A Joseph and Mr. J. Hj Jessen, the retiring Directors, were. re-elected to the Board on the pro-i posal of Mr. P. C. Potts and second-{ led by Mr. H. J. M. de Figueiredo.

The appointments of Mr. S. H. Dodwell, Mr. Lawrence Kadoorie, the Hon. Mr. J. J. Paterson, and. Mr. S. T. Williamson as Directors] were confirmed by the proposal of Mr Lo Koon-kan and seconded by Mr. Shum Hip-tong.

Messrs. Lowe Bingham and Mat- thews and Messrs. Percy Smith and Fleming were re-elected auditors at an annual remuneration of $2,000 on the proposal of Mr. T. Ramsay, seconded by Mr. Lo Koon-hang.

Two Hesolutions.

1.That the capital of the Cam-

Dock Company's Gross Profit Decrease

وا

(d)

date or dates fixed by the Direc-Jappears no t'klthood of prospects the shareholders. tors for the acceptance of such justifying a revival of the scheme, offer.

and there remains, therefore, a

would put us on a Dividend basis. Prospects of Dividends It must be understood, however, that "Capital and Overdraft must be the benefits to be derived by the And that such offer shall be considerable area of land in the considered together, the increase in reduction of Capital and the new made by notice specifying the centre, of our main establishment, the former reducing the latter, and issue will not be fully felt until 1980 number of shares to which the which, owing to its position, can- while lately we have earned suffi- ns. the proposed new issue cannot bo member is entitled and limit-not easily be made available for cient to pay the Bank Interest and made effective until about the end ing the time to be fixed by the other purposes. Directors within which the

write off large depreciation, nothing of this year as there are legal form Auditors' Recommendations offer if not accepted by the

remained for the shareholders. alities to comply with and many "The reductions have been recom- Whatever the future may hold your shareholders are resident outside the member on behalf of himself mended by the Company's Auditora, prospects of dividends are greatly Colony, or his nominee will be deemed jointly. They have received the increased by the proposals you are to be declined and that the most careful consideration of your being asked to pass as resolutions posed deals with the question of new The last of, the resolutions pro Directors be at liberty to ex Chief Manager, and are considered and if you take up the new shares Articles of Association, and I have tend the time for such accep- by your Board to be both necessary as I hope you will it will give us nothing to add to the explanatory tance to auch date or dates as to meet the present position and in about $1,350,000 in cash with a cor-note which has been given. they may think fit in the case the best interests of the Company. responding reduction in the over- of shareholders whose place of

Strong Recommendation "If you pass the first of these draft. address is outside the Far East Resolutions we will have the advan-

"I now am glad to say that your And further that any of the tage of knowing exactly where we be a reduction of interest payable rangements to underwrite, without With the new capital there will Board have been able to make. ar- suid 185,280 unigaued pld stand, and, further, as I have al- to our Bankers of over $60,000 a any commission whatsoever, any shares which shall not be taken ready pointed out, it will not be year, which sum would be available shares not taken up by the share up by the Company's share necessary to provide out of future for purposes your Board may con-holders. You will see, therefore, holders in männer aforesaid jearninga so much for depreciation. sider best in the interests of share that we are certain, if we pass thesa or their nominees and the "Referring to the second Resolu- holders. balance of the 661,800 un-Ition for the increase of Capital, you

Resolutions, to get the full amount issued old shares not so offer are no doubt aware that in the past.

of this issue subscribed. ed be dispused of in such when fresh Capital was necessary Resolutions before you, we will make recommend the shareholders to take "If therefore you pass the two "I personally therefore strongly manner at such time ur times the Company did not increase its an annual saving of about $100,000 up this new capital, as it will enable and upon such terms as the Capital, but borrowed the money on account of depreciation and over them to participate more largely in Directors shali in their ab40- from the Bank. Inte discretion think

The Company at $60,000 on account of interest on any benefits we can make to share And" further that (subject to dividends to the shareholders and ittions with à continuance of patron-

that time was paying very large overdraft, and, under present condi-holders in the future." the Companies Ordinance) the was considered better to borrow the age auch as we have enjoyed during Mr. P. C. Potts and passed unani- The resolutions were seconded by Directors be authorised to close money from the Bank than call on the past two years, these savings mously.

the Register of Members for

such period as they shall think fit for the purpose of deter mining the fumes of the men bera to whom such offer shall be made.

The capital of the Company be increased from $7,294,400, consisting as aforsaid, to $10,- 000,000 by the creation of 270,560 new Shares of $10 each, auch new shares to be issued at such time or times and on such terms and conditions, in every respect as 'the Company's i Board of Directors may think fit.

(e) The new Articles already ap-

proved by this meeting and for the purpose of identification subscribed by the Chairman thereof be and the same are hereby adopted as the Articles of the Company to the exclu- sion of and in substitution for all of the existing Articles. thereof.

After the Chief Manager, Mr. E.

All you have to do is to send your six pictures, with the names of the stars, accompanied with your full At the extraordinary general] name and address, to the Contest meeting Mr. E. Cock, the General Editor, China Mail, to reach this Manager, read the following re office not later than noon to-morrow. solutions, numbered one and two Orders by Mr. D. Burlingham,ket to see-“Broadway Bill” at the

You may win a complimentary tie-(a), (b), (c), (d) and (e): Inspector General of Police. Queen's Theatre if your solutions pany be reduced from $10,000,000 Cock had read the notice conven-

Chinese Company, Training Couree-Part II-A ones opened. If your pictures are each of which 67.540 have been meeting, the Chairman, the Hon. are among the first three correct (divided into 200,000 shares of $50

ing the extraordinary geners! recruits of the Chinese Company each accompanied with a 50-word issued as fully paid) to $7.294,400 IT. W. H. Bell, said: who have not yet passed Part 11 description or critique of the star divided of Training Course will attend at named, you may win two tickets. shares of $50 each and 67,840 Into 132,360 unissued the Chinese Company Ifeadquarters this case, the best three descrip- fully paid issued

hours for in-tions, coupled with accurate solu-$10 tion, will win the prizes.

to-morrow at 17.30 Btruction.

Training Course-Part 11-

Members of the Chinese Company JOAN CRAWFORD

will attend at the King's Park]

Revolver Range to-morrow," "at 17.30 hours to fire the Part II Revolver Course under Sub Inspector Ritchie. Only those detailed will attend. Morac Signalling Class-All mem-]

CONTEST

LIST OF WINNERS

Mr. J. W. Thirlwell's. reasons!

of

"The main Resolutions are two in amber; the first dealing with shares each and

the writing down of the Capital that such reduction be effected by cancelling and the second with the issue of and writing off of our Reserves,

the extent of $40 per share in renew issue, increase of Capital and capital which has been lost or un fresh Capital, the subdivision of represented by available assets to the unissued shares, the proposed

the

jspect of each of the said issued fully paid shares of the Company

new Articles of Association. of $50 each and by reducing the

Writing Down Capital nominal amount of each such from question of writing down the Ca "Your Directors have given the pers of the Morae Signalling Class why Joan Crawford would have aforesaid proposed reduction being reduced demand for our products,

$50 to $10, will attend at the Chinese Com chosen Robert Montgomery as her confirmed by the Supreme Court of the conviction is forced upon us

2. That immediately on

pital their most serious consider-1 ation, and, having regard to the pany Headquarters on Wednesday, March 27 at 17.30 hours. for in-bost in the recent Joan Crawford

"reel-mate" were adjudged the Hong Kong `atructions.

(a) The existing certificates of all standing the fact that generally that some of our assets-notwith- Handling of Revolver. All competition, run in conjunction

issued shares of the nominal they have steadily been depreciat value of $50 each shall be called year by year-have not the ed in by the Directors and cancelled and that new cer books, and, therefore, must be value at which they stand in the tificates shall be issued,

written down Each

of the

to the extent Bald existing commended in the Resolution, 132,360 unissued shares of the

"This will necessitate the writ- nominal value of $50 each in ing off of the whole of our Re- the capital of the Company benerves and also writing down our sub-divided into five unissuel

recruits of the Chinese Company (nexion will "Forsaking All Others." with the Queen's Theatre, in con- will attend at the Chinese Company which is now enjoying a most suc Headquarters on Wednesday, March 27 at 17.30 hours for instructions cessful run at the Queen's,

The winners of two dress circle

in handling of a revolver under Sub tickets for this picture were: Inspector. (R) David Loic.

Training Course-Part

J. W. Thirlwell JII. Members of the Chinese Company

Taikoo Dockyard will attend at the King's Park Re- Lucille Ma volver Range on Thursday, March 28 at 17.30 hours to fire the Part III Revolver Course under Sub Insper tor Ritchie. Only those detailed will attend.

Indian Company Strength.-Constable R256 Sher Armed Khan has been taken on the, strength of the Indian Company, as from March 14, 1935.

Training Course--Part Members of the Indian Company will attend at the King's Park Revolver Range on Wednesday.

III.-

March 27 at 17.30 hours to fire the Part III. Revolver Course under Sub

Inspector Ritchie.

talled will attend.

Only those de

Flying Squad

Instructional Patrol. The in-

stractional patrol for members of

49 Ewo Hill Street, 3rd. A.

Causeway Bay. Pipita Ribeiro

205A, Fa Yuen Street, Kowloon

Mrs. L. S. Chon

27 Connaught Rd. top . W. K. Cheung

c/o Thos. Cook & Son Ltd. K. Y. Leung

27 Wong Nei Chung Rd, Y. Maycock

6 Army Ordnance Qrs."

Kennedy Rd.

L. D. Purves

c/o D. A. Purves & Co. Prince's Building

Miss R. Gil!

c/o Chase Bank

Joan Leppard

7 Duddell. St.

the Flying Squad will take place on 'BRITISH AGENT CODE

Friday, March 29,

All members

will fall in at Central Police Sta-

tion at 17.15 houra Dress-Blue

CONTEST

Uniform, and Cap with White List Of Prizewinners

Cover.

Emergency Unit Reserve

.H

The winners in the "British Defendu Défendu Instructions Agent", code competition were as will take place at the basement of follows:-Miss Betty Woo, 8, Bow- the Sallors Home and Seamen's In-lin, St., Kowloon; Ma Nal-kwong, stitute on Friday, March 29 at 17.20 9. China Athletic Association; hours. All members are requested China: Building; Fong Chun-ping, to be presont 318 Canton Rd. Kowloon; Andy M

D. L. KING, Ackbar, 355 Hennessy Rd

D.S.P. (R.) Wal-yin, c/o Sanitary Department, Hong Kong, K. K. Cheung,d/o

Hong Kong, March 26; 1985.

Kwok

(b)

old shares of $10 each, making

Capital.

Other Similar Instances a

re-

in all 661,860 unissued old "Various factors have contri (e) 135,280 of the said 661,800 is hardly necessary for me to re-

shares of $10 each.

buted to this state of affairs. It unissued old shares of $10 each mind you that during the past few in the capital of the Company years many Companies similar to be offered in the first instane our own have had to close up al- (In the proportion of two un together; others--I need not par issued old shares for every one ticularise-have had to write down issued share held by them re-their-Capital

spectively) to the members of "Some of our assets which were the Company who, on a date to at one time of considerable value, be decided upon hereafter by have for various reasons, become the Directors (such date to be so little value to the business a day as soon as possible, after that it is useless to continue writ the date when the said reduc- tion becomes effective), are re- It is surely preferable to write ing so much off them each year. gistered in the Company's Share them off altogether so that in fu- Register as the holders reture a large proportion of our spectively of the said 67.640 earnings may be available for di issued shares of $10 each at vidends instead of being required par and so that on acceptance each year for the writing down of of the offer the amount of $10 due in respect of each of, such

worthless assets. shares offered shall be payable

Dry Dock Expenditure "I do not intend to deal with on acceptance and that such these items separately, but I feel new shares shail vis-a-vis the that I must mention one very large fasued shares only rank for dividend as from the respective ture incurred in connection with item, namely, the initial expend!-

Cook and Sonu

the proposed large new dry dock, which scheme, owing to the trend

of these two complimen af events, was arrested in 1928.7.

tickets have been

scheme Involved the cut- see the thrilling him, ting, down of a hill bly.compor

the Centraled of rock and

of buildings and

rangementi

Saving of $160,000

WING ON'S

SPRING SALE

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