1947-05-30 — Page 5

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1 THE CHINA MAIL, FRIDAY, MAY 30, 1947.

COLONY'S TRAMS TO STAY

(Continued from page 2) sightedness of our directors in $3,250,000 expressed in terms of having steured the services of sterling in only $203,126.

"After difference between the auch an unquestioned authority

Mr. S.R. Genry from the actual value of fixed agdots How London Passenger Transport shown in the balance sheet and

You Can Write To

1

Board to advise the company in figures hitherto appearing in the Japan Again

It is officially notified by the

the matters that have been re-books in the sum of $0,507,801, extent ported. The substance of his re- which represents the Fort not unly determines issues your investment is in excess of of policy but Independently the lasued capital of the coin- Postmaster-General that foclif- It la now proposed toties will now be made avaliable Certifies, in unmistakable terms, pany.

for the carriage by sea of let- tera and postcards only to civilian addresses in Japan, In addition to the existing services for mail addremned to personnel of the Occupational Forces.

restoring

Judge Compliments

Complainant

Chan Klu, a woman, who was

on the

LI

together with If charged

Kwong and Kok Man was second and third counts, found not guilty and discharged. On the charge of armed Kok robbery, Li Kwong and.

to the truly, excellent record of adjust this by relating the

Ma Wang, the complainant in Mr. Bellamy'a control of our capital of the company more

caso ngainat Li Kwong and undertaking for so many years; accurately to the value of the

Kok Man, who were yesterday found guilty by a jury on three and to the very great rehabilita- undertaking.

counts, namely, armed robbery, tlon accomplishment that has.

New Shares

demanding money with mentes been curried through under the

*This meeting has been con-

These letters and postcards and conspiring to obtain money combined efforts of all of those vened in order to obtain

will be limited to unregistered unlawfully, was commended by whose work has succorded inproval of the resolutions which

matter relating to personal or Mr. Justice B.II. Williams the company to its are before you and which have domestic affairs, or to inforina- (Pulsne Judge), for hin publie prevent antinfactory status. been published in the Press. tional non-transactional busi-spirited action which resulted in have no hesitation in claiming The proposal is that the figure ness communications. They the tracking down and arrest of that the rupidity with which the of $6,600,000 shall be capitalised may be written in English, the accused. Tramway services were, revived

by the Issue of 1,300,000 new French, Russian, Spanish, Chin- and have been sustained in ne-

shares of the company of the ese, Korean or Japanose. tion has proved a boon to the nominal value of $6 each, cre- the address is shown in Rua- entire community.

dited as fully paid in the pro- sian, Chinese, Korean or Jap- Wise Step

portion of two new shares for anese, an Interlinear transla- "None of us. I fool certain, every one share now held by tion must be written in English. entertain any doubt whatever as

members on the register at the of the names of post town, Is- to wisdom of the step that has

Share-land and country of destina- Man were date of tha meeting, Leen taken, in the present ac-holders will realise, of course, tion. count, of placing the company's that this is not in any way a

The postage ratca will be: capital assets upon a more cor-

For letters, 30 eta the Brat cash transaction that it arises rect basis of valuation; and,

punco and 15 cts each addition- we are very pleased also to learn entirely from an adjustment in

al ounce. the value of assets and in no from the chairman's speech of the Improved conditions of Way affects the earning capacity In future, the of the company. workers service in the

allyidend distribution must be pany's employment.

"I am very glad indeed to pread over the larger number, support the proposal of a mes-of shares that will comprise the suge of appreciation to be sent after this meeting to Mr. Bels lamy, our late general manager. and I also have much pleasure in geconding the resolution for adoption of the report and e- counts as proposed by the Chairman."

com-

The inction was then put to

the vote mud earried unanimous

ly,

Then followed the re-election

of the retiring Directors, Mr. D. F. Landate and Mr. M. R. Le and the confirmation of Messrs. N. 0. C. Marsh and H. D. Benhain's appointment un the board in place of Messrs. H. V. Wilkinson and A. II. Compton, resigned. This was proposed

Issued capital.

eumpany

to

men-

each sentenced to seven years' imprisonment with hard labour; on the charge of! demanding money with neex, four years' imprisonment with hard labour, the sentences to run consecutively. On the charge of censpiring to obtain money unlawfully, they were

to two years' Dates and times of the clos- sentenced ing of these mails will be pub priegument with hard labour, linked in the usual daily malihe sentence to run concurrent- ly with the aentenes of four yeara.

For postcards, 15 cta each. Parcels, samples, newspapers etc. are not admitted,

noticen.

im-

Mr. A.J. Clifford,' assisted by Inspector Moore, prosecuted on behalf of the Crown.

It was the Crown's case that (to-

"Before this can be done, we must approve an increase in the authorised capital of the com$6 each, and that such 1,100,000 pany which, as I have said, is

new shores credited an fully paid how fully Issued. If it is duly be accordingly allotted to such resolved to Asue there new persons respectively in the pro-Li Kwong and Køk Man shares, the laued capital of the portion of two of such new shares gether with others not in cus-

be raised

armed with a revolver for every one of the said issued tody) $9,750,000; but your directors shares then held by such persons consider it expedient to Increase respectively, and that the shares our authorised capital to Я

so allotted shall be treated for figure greater than this in order all purposes as an increase of the to provide for any possible nominal amount of the capital of the company held by each such shareholder and not as Income and further that such new shares shall from January, 1st, 1947, rank for dividend and in all other respecta pari pašau with the

future expanalon of the com- pany. There is, however, no intention at present of lasting any further shares beyond those referred to in the present resolu- Don. It is proposed that the

and three choppers, robbed Mo Wong of one watch on Apr. 4. It was further contended that all three accused, together with others not in custody, between Apr. 14 and Apr. 19, demanded the sum of $1,200 with menaces from Ma Wong or, alternative- ly, that between those dates they conspired to obtain money unlawfully from Ma. Wong.

After the jury had returned their verdict and Li Kwong and Kok Man had been sentenced, Mr. Justice Williams colicy for Ma Kwong (the complainant) and commended him for his prompt action in getting in touch with the police immediate- ward these resolutions and in ly after the Incident and sub- his speech at the carlier meet suquently keeping the police in- Ing. I am sure we are all in formed while receiving threa- agreement as to the desirability tening messages.

new Mr. Justice Williams said of issuing the proposed

the that it was to a. great extent shares in caplialisation of re-valuation reserve now appear-dua to the action of Ma Wong ing in the accounts. And also in co-operating with the police Upun the motion being that we approve the necessary that the accused were tracked

And arrested. of the which seconded by Mr. P. S. Cassidy, lúcrease

company's down

By Mr. E. Grant Smith, second- | authorised capital be Increased | already issued shares.” ed by Mr. Kong E-suen, and to $20,000,000.

The motion was seconded by carried unanimously

"In order to Implement all the Hon. Mr. T. N. Châu who Messrs. Lowe, Bingham A this it la first necessary, to ould': Matthews were re-appointed | amend the Articles of Assócia- ! "Having heard all that has auditors on the motion of Mr. Mion in the manner that is the been clearly, explained to us by J. H. R. Hance and seconded subject of the special resolution the Chairman in bringing for by Mr. Hudson Chen Wood. before you. I now, therefore, Extraordinary Meeting propose as a special resolution, Following the conclusion of the cancellation of Articles No. the annual meeting the chair-127 (a) and No, 127 (b) and man, asked the secretary to read the substitution therefor of new the notice of the extraordinary articles in accordance with the general meeting

notice read by the Secretary." umend Articles 127 (a) and (b) of the Two Resolutions Company's Articles of Assocla- tion, in explanation of the Chairman sald:-

tu

the

Discharged

ametis, in crossed to 1,200,000 the by Sip Shounen Chery, and Ling Simon

CENTRAL & ALHAMBRA

DAILY AT 200 51 7′′ &9!"* P.M. DAILY AT 240 620 7708950 PM.

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Onslow STEVENS Glenn STRANGE Jon ADAMS Ludwig STOSSEL

TO-MORROW

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Maria MONTEZ Robert PAIGE

SABU Preston FOSTER Louise ALLBRITTON

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1. EDWARD BROMBERG

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BARBARA STANWYCK are MY REPUTATION"

He CCT it was put to the meeting and authorised capital raised to the cluded by thanking Ma Worg "At the meeting just conclud passed uunanimously.

figure of $20,000,000 to allow and saying that he had render ed I have fully explained the

Mr. Landale then proceeded: for any further development of ed a service to the public. reasons for the revaluation of

"The Articles of Association the

undertaking company's the company's assets embodied having been thus amended, I should such occasion in In the accounts you have now

now propose the two following future arise," passed and adopted. These ne resolutions:-

Both meetings were presided On the application of DSI C. counts show the total of the (1) Thut the authorised over by the Hon., Mr. D. F. Pope. Wong Fat-kuen and Yuen fixed assets, excluding invest-capital of the company be in- Landale, and he was supported Kan-chuen, charged with Chau Sensational ments and alt current a sum of $9,152,600.

with being members of unlaw ful societies, were by Mr. W.. Latinier at Kow- loon yesterday.

The original charge against Chair was withdrawn and sub- stituted by one, of returning from fe banishment. Accused. was banished for life under an order dated April 18 and sent to Canton by, train; he returned:] the very next day.

such

and Mr.

discharged

creation of 3,350,000 new shares Hon, Mr. M. K. Lo, Mr. N. O. The company's authorised of the nominal value of 35 each. G. Marah and Mr. H, D. Ben- capital, which is fully issued, is (2) That it is desirable to ham (Directors), Mr. W. F. $3,250,000. It la therefore capitalise a guin of HK$6,500,000 Simmons, F.C.I.S., A.M. Iust evident that our present capital being part of the balance stand- (General Manager) equals, approximately, only one-ing at the credit of the fixed W. H. Paterson (Secretary). third of the real value of the aereta revaluation reserve of the

Shareholders present were the undertaking.

Hon. company and accordingly that M. T. N. Chu and *If further Hiustration for the such sum be and is hereby Messrs. Lo Yuk-tong, Hudson need of adjustment is necessary, capitalised, and that

Chen Wood, Leung Yal-shli, I would point out that the capital sum be applied on behalf Tan Eng-hool, Kong E-susn, C.

Defendant was "Rentenced to capital of the company from its of the persona who on May, 29th N. Kong, Ludg Ping, U Sre Inception in 1802 was £325,000. 1947, were the holdera of the wing, Wong Hing-kwong, P. S.

three months' hard labour and Cassidy, M. H. Turner, J. recommended for The tramway firat opened for 650,000 issued shares of the

re-banish- traffic in 1904 after 42 years of company in payment in full for. Hance, E. Grant Smith D. ment.

Sentence of one month's hard development and expansion the 1,300,000 new shares of the Ballantyne, D. J. Glimore, present nomina! capital

of company of the nominal value of V, Walker, P. Loureiro, H. passed on Ling Shu-bun when G. G. Wood, E. S. Abraham, labour and re-expulsion was

Owen-Hughes, G. Abbas and He admitted having been expell- Showing To-day .K. A. Magon (representing the ed: from the Colony for five

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