1936-11-09 — Page 5

Page

REDUCTION OF CAPITAL

Application Approved By Court

BANK TO FINANCE SINCERE'S

At the Supreme Court this morning. Mr. Justice J. J. Hay- den made an order confirming the reduction of the capital of .the Sincere Company from $12,000,000 to $10,000,000, re- marking that in his opinion it was a sound scheme.

Mr. H. G. Sheldon, K.C., in- structed by Mr. R. M. M. King of Messrs. Johnson. Stokes and Master, made the application on behalf of the Company and, in reply to His Lordship, said that there was no opposition.

In addressing the Court Mr. Sheldon said that the Company

was incorporated in 1919 with the object of carrying on business) as drapers and furnishing and general warehousemen in all its branches. and the objects set forth in the Memoranduma of As- sociation. The capital of the Company is $12,000,000 divided) into 1,000,000 ordinary shares of $10 each and 1,000,000 Preference shares of $2 each. The Company has issued 1,000,000 Ordinary Shares and 97.691 preference shares and by a resolution passed on September 7, 1936, it was resolved as follows:—

Reduction Approved

These graphic pictures, made during the recent Fascist-Red riots in London, show the London constabulary in action against the rioters. Above, they are tearing down, a barricade erected by the Reds. Below (left) one of the rioters felled by a blow with a truncheon, and (right) the cause of the fracas, Sir Onwald Mosley, the British Fascist leader, being saluted by blackshirted

SUMMARY COURT LOCAL NEWS BREVITIES

CLAIM

Mr. W. Logan Wins Action

ECONOMICS IN TAYLOR'S LONDON OLD TOM & DRY GINS

FAR EAST

German Minister's Address

DEVELOPMENT SEEN IN CHINA

“CHINA. MAIL” SPECIAL

Berlin, To-day. Before the German. World Economic Society the German Director of the Economic Commis- sion to the Far East, Minister Dr. JO. C. Elep, delivered an address on "World economic impression from the Far East"

Dr. Kiep first pointed out that the Far East bad. in recent years, greatly increased. in importance for Europe. This was partly due to the rapid development of some! national economic territories in the Far East and partly by the efforts made by the European countries to open up a new mar- ket for the sale of their products.

In particular the German export trade bad met with success in the Far East, in the application ́ of the principles of Dr. Schacht's {"New Plan”—namely, that Ger- many could only buy from foreign countries for as much as she could (pay for, and would purchase her raw materials from those coun- tries that bought industrial goods from her.

the

CHINA'S RENAISSANCE Dr. Kiep stated that above all economic development

1 In

China had been very active. pursuance of the plan of Dr. Sun Yat-sen the National Government. (in China, simultaneously with the plan of transquilisation and con- solidation of Generalissimo Chiang Kai-shek, bad taken The prize-distribution of SŁ Mr. L. D. Skinner, of the Hong economic development vigorously Mary's School will take place on [Kong Telephone Company, Limit- în hand. In consequence the pro- Thursday, November 20, at 5.30¦ed, returded to the Colony by the docing and consuming power of p.m, when H.E the Governor and s.s. Suwa Mart yesterday. » Lady Caldecott will preside and

"That the capital of the Com-? pany be reduced from $12,000,000| to $10.000.000 divided into -1,000,000 Ordinary Shares of $10 each, and that such reduction be effected by cancelling so many of the said Preference Shares 29 have not been taken or agreed to be taken, and by paying off as capital in excess of the wants of the Company the capital paid up.j and not yet repaid, on so many of the Preference Shares as

Judgment for $250, with 'costs,,- been taken. and; zubject to sanction of the Court, together was given in favour of Mr. W. Lo with interest at five per cent per an, represented by Mr. M. A. a annum from the date when the Silva, by Mr. Justice J. J. Hay-!". said Preference Shares were res-den at the Summary Court, this 14-Year-Old Son Of Mr. pectively paid for, and then con morning in a claim against C. L. firmation of the said reduction by Clarke as damages for fradulent the Court, and by confirming, and misrepresentation.

have the

DEFENDANT NOT IN COURT have kindly consented to give

jaway the prizes.

The defendant was not in Court,

the Company does hereby con- firm, the repayment of the capital and in the witness-box plaintiff on so many of the said Prefer said that in February last, defea-

OBITUARY

& Mrs. M. K. Lo

the Chinese nation had already noticeably risen, and if continued. The as. Tjisaroea sails

** for would be increasingly im Amoy, Dairen and Shanghai this portant factor in world economic afternoon.

lafairs.

Also in Siam under a new 213- According to schedule the sa- tional leadership the economic |Tjinegara will leave for Amoy and development was beginning to Shanghai next Thursday morning fellow quite different lines and to

at 10 o'clock.

experience a stimulation on a similar basis to that in China: The R.M.S. Empress of Asia' left In the remaining Far Eastern ONLY BRIEF ILLNESS

Yokohama for Vancouver last territories the increase of pro- Saturday, and is scheduled to ar-duction and consumption was due Master Lo Tak Kuen, age 14. (rive in the Colony on Wednesday partly to operations of the econo- ence Shares as have already been dant interested him in the ques eldest son of the Hon. Mr. and morning. December 16.

mic forces interested in the na paid off, and that the Preference tion of the supply of Indien Mrs. M. K. Lo, passed away

tions themselves, partly to the Shares upon which the capital

watchmen for ships arriving in this morning at his father's The concert given by the band general recovery from the econo the harbour. Plaintiff was paid up has been, or shall be, re-

sub residence, "Woodgreen." No. of the 2nd Battalion, The East mic crisis also observable in other paid as aforesaid be cancelled.sequently introduced to a Molam- 62, Conduit Road..

Lancashire Regiment, at the parts of the world-Trans-Ocean Master Lo, who graduated from Peninsula Hotel last night was a Service The paid up share capital after the defendant told him that Lingnam School only this Summer the series to be held each Sunday time the Hong Kong Branch of the great success. It was the first of

Two ReasonS

ed Khan with whom he entered into a contract. and some

posed to be repaid and which has he (defendant) had already ap- and then entered King's College throughout the winter season, and CAPTAINS CUP ATI

already been repaid is in excess

of the want of the Company for Proached four shipping compan-at the beginning of the present the management of the Peninsula les who were ready to give him term, became ill a few days ago Hotel is to be congratulated on

the following reasons:-

(a) The Company was urgently

the business.

FANLING

Defendant added and passed away suddenly at its foresight in bringing this Chambers And Gilmore in need of cash for its business that the contracts were transfer dawn to-day.

type of entertainment once again and it was decided to endeavour service plaintiff paid defendant as follows:-The deceased pos-

able to the plaintiff and for this An appreciation by a friend is to music-lovers.

Qualify to raise the same by an issue of the sum of $250.

Preference Shares with very at-

sessed a characteristically lovable A fire broke out at 9:30 last G. S. Chambers, with a card" of tractive terms. It was hoped to when he eventually asked the de-per, and a most considerate re-plating shop at

Continuing, witness said that disposition, a sweetly gentle tea-night at the Hip Yat Loong electro-91-2467, qualified for the Cap- raise a sum of $2,000,000 by this fendant to transfer the contracts gard for everyone. All those who Street. The cause of the fire isfying round held over the Old 96 Kee Lung tain's Cup in the November quali- means and accordingly an extra-he was put off and finally the de- came in contact with him, whe-believed to have been a ordinary general meeting of the fendant offered to return the sum ther in the family or school, can cigarette's setting fire to a basket while other scores were T. J. lighted Course at Fanling yesterday, Company was held on May 8, 1936. of $250 to him, in monthly instal-testify to the saintliness of his of sharings. The extent of when a special resolution

the Price 85-14-71 and G. Mar- was ments of $10 each. Plaintiff con-angelic character. He had a love damage was about $3,000. Nobody seille 33-11-72. There were 35 daly `passed, increasing the eluded by saying that he would, which never hardened, capital from $10,000,000 to $12, not have given Clarke 'the $250 which never tired and a touch not insured.

a temper was injured and the building was entries. - 000,000 by the creation of 1,000, had he known that the

Over the Now Course, D. J. GIF- 000 new Preference Shares of $2

contracts which never hurt. He seemed too

more qualified with a score each. Inter alia it was resolved

good for this world, and thus in The Po Yan street-sleepers" 77-£71, while other scores that these Preference Shares

the silence of the dawn his soul Shelter and the St. Peter's Church ware A. A. Bremer 86-14-72 anë from passed away to the Great Be Shelter will both be opened en D. J. Valeritine 36—13–73. There

December 1. The building which were 17 entries.

were not transferrable.

Scheduled to have sailed should carry a cumulative prefer-Singapore last Thursday, the savond" ential dividend of 20 per cent Tilawa is due to arrive in the Co from 1936 to 1940 inclusive, one lony next Wednesday morning. of 15 per cent. from 1941 to 1945

inclusive. It was also provided to the Company not Tex that in respect of the year 1946 ceeding $5,000,000 upon the and subsequent years the said securities mentioned in the said į Preference Shares should carry ajagreement. The Bank made it a preferential dividend at the rate condition of carrying through the of 8 per cent. per annum, but such financing of the Company that the dividend was not cumulative and capital obtained by the Company should only be payable out of the from the issne of the Preference

The funeral will pass the Wing was available on the mainland last Bit Ting (Polfalnim) at 5 pm. year. has been demolished and to-day.

VOLUNTEERS YEAR BOOK Journal As Bright As Ever

therefore Kowloon's homeless will have to pass the winter nighta |along the side-gaths unless a vacant building can be provided for them.

It is understood that MesszE. Alfred Holt and Company are

KOWLOON GOLF CLUB

Starting Times For Junior Title

The following are the starting Junior Championship, to be held on Sunday, November, 15.

building 10 new 10,000 ton vessels for the Far East Trade Messrs times for the Kowloon Golf Club's" Alfred Holt and Co operate the famous Blue Fannel liners "in":"all" part of the world.

9.00 am EE Hanlon (and. · J.}

Gellatly 9.04.

WA. Bland and EF. Westlake S

E

SUPERLATH

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TAYLOR'S

COLD TOM

GIN

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Sole Agents:

GANDE, PRICE & CO., LTD.

St. George's Building, Ice House Street. Tel. No. 20135.

50 CENTS

FOR 10

"NACET

REOD TRADE MARK A

SAFETY RAZOR BLADE

Hong Kong.

Nacel blades have an as- tablished reputation for fine quality at an amazingly low prica. Their absolre reliabil- ily has won for them great popularity — every blade gives many quick, clean and smooth shaves. Nacet | blades £ three-pag razors. MADE IN ENGLAND

FOR 3 PEG RAZORS

Bring Your

HAPPY HOURS Home with You!

Pictures will preserve the best moments of your happy hours. Whether you use snapshots or movies you'll find everything you need at the MAYEN COMPANY. A selection of cameras and. complete stock of necessary supplies at easonable prices.

Spec

DEVELOPING and PRINTING

STUDIO PORTRAITS

Appointments

216

S. E. Terry and F. A. Hil W. C. Simpson and La Sack. *7. E. Leitch and Wm. Orr.

·EHL-Watts and TWA

Kershaw.

MAYEN

37 Queen's Road,?

profits of that fear... Shares should be repaid to the These Preference Shares were holders of such shares with in- offered to the persons who at the terest at the rate of five per cent. The Year Book of the Hong date of the passing of the special per annum from the respective Kong Volunteer Defence Corps, resolution were the holders of dates upon which such capital, 1936, has just been issued for the So Kwan-hing a five year old Ordinary Shares. The issue, was paid until the date of the third successive year, and all con- girl, was knocked down by bus No. however,' was not a success as confirmation of the reduction by cerned are to be congratulated on 606 in Queen's Road West yester 9.08. only 97,691 shares were subscrib-the Court. The Bank are not a really excellent number, full of day. She was attended by Dr. E. 9.12 ed, representing a sum of $195, prepared to advance the said good things and playful quip and Souza, who was a passenger on 382 which was quite insancient monies with a view to placing the quirk affecting a number of men the bus and sent to the Govern for the Company's needs

Company on a sound financial bers of the forces whose foibles ment Civil Hospital. Agreement With Bank basis unless the said Preferencs lend themselves to such treatmental (2) The Company then ap Shares are cancelled, as such The book is most profusely illus Kwok wing-hun, aged six, died proached the Hong Kong and financing of the Company would trated with photographs and draw in the Kowloon Hospital yesterday 9:28 Shanghai Banking Corporation only be for the benefit of a small 15 and most of the advertisers Liter she had been admitted suf- and the Bank agreed to finansomber of shareholders at the to be in keeping with the othered hemberfell from the fork have adapted their advertisements fering from head injuries recets- the Company upon certain terms expense of the general body of scetches in the bode The actual floor of No. 155 Tung Chof Street and conditions which were accept shareholders. ed by the Company, On July

reading, contents include records,

The Company has obtained the articles, light verse, parodies 10, 1936, the Company entered consent of 80 per cent of the reproduction in facsimile of Hie into an agreement with the Bank holders of the-Preference Shares Excelency the Governor's meeras whereby the Bank agreed, subject to the return of their capital on of goodwill

to their absolute discretion as to the terms mentioned above.

the

The book,

(amount of that should be Wheorder was accordingly produced and

advanced, to advance ... monies made.

shed for the HK Volunteer

9.24

G. Anderson and V. Labrum.

@B.: Castro-Basto and”

Humble." ERAW. Lovelena 2 Henderson.

749erall fire, brokeƐoriz

before the Mer

el through a licisted oil mon

WEATHER REPORT

i-cjelons: probably (move cestwards, but uncertain, owing to lack

winda;ūmo

COMPANY

Td 27891

TYPHOOLS REPORTED