CO129-475 - Governor Sir Stubbs & Acting Governor Claud Severn - 1922 [5-7] — Page 204

September 3rd, 1921.]

COMPANY MEETING.

HONGKONG HOTEL CO., LTD.

The third extraordinary general meet- ing in connection with the increase of capital of the Hongkong Hotel Company was held at the Hotel, on August 31st. Mr. Scott Harston (Chairman) presided and there were also present Sir Paul Chater, C.M.G., Sir Ellis Kadoorie, Mr. C. Montague Ede, and Mr. E. A. M. Williams (directors), Mr. J. H. Taggart (manager and secretary), _Rev. Fr. Robert, the Hon. Mr. Ho Fook, Messrs. E. M. Raymond, Fung Tat Hang, W. E. Van Eps, Ho Kom Tong, and E. A. Ram (shareholders).

The CHAIRMAN said:-As indicated in that part of the notice which has just been read by the Company's Manager, this meeting has been convened for the purpose of receiving a report of the pro- ceedings at the second extraordinary general meeting of this Company, held on the 13th instant, in so far as regards the resolutions Nos. 3, 4 and 5 set out in the notice convening such second extraordin- ary general meeting, which were passed as extraordinary resolutions at that meet- ing, and of confirming, if thought fit, such resolutions as special resolutions. Those resolutions, as you will remember. concerned :-

(1.) The division of each of the exist ing 20,000 fully paid up shares of $50 each constituting the Company's pre- sent capital of $1,000,000 into five fully paid up shares of $10 each so as to make such capital $1,000,000 consisting of 100,000 fully paid up shares of $10 each. (2.) The subsequent increase of the Company's capital from $1,000,000 con- sisting as aforesaid to $2.500,000 divid- ed into 250.000 shares of $10 each by the creation of 150,000 new shares of $10 each to be issued as indicated in the resolution No. 4 set out in the said notice.

(3.)—The capitalisation of the sum of $1,000,000 being part of the undivided profits of the Company standing to the credit of its general

such capitalisation to be effected upon the lines indicated in the resolution No. 5 set out in the said notice.

reserve,

Your will recollect that, at the second extraordinary general meeting, I dealt at some length with the reasons which actuated your Directors in bringing for- ward the three resolutions in question, and I do not consider it necessary to deal further therewith now, except to remark that at the second extraordinary general meeting in question the three resolutions above referred to were unanimously pass- ed as extraordinary resolutions, and that in order to comply with the provisions of the Hongkong Companies Ordinance, it is necessary that such resolutions shall be confirmed as special resolutions, and I accordingly beg to propose the confirma- tion as a special resolution of the first of the said three resolutions, namely:-

(3.) That each of the existing 20,000 fully paid up shares of $50 each con- stituting the Company's present capital of $1,000,000 be divided into 5 fully paid up shares of $10 each so as to make such capital $1,000,000 consisting of 100.000 fully paid up shares of $10 each. The Rev. Father ROBERT seconded the resolution, which was carried unani- mously.

The CHAIRMAN: I now beg to propose the confirmation as a special resolution of the second of the said three resolutions, namely:

(4.) That after the division afore- said, the capital of the Company be increased from $1.000.000 consisting as aforesaid to $2,500.000 divided into 250,000 shares of $10 each by the crea- tion of 150,000 new shares of $10 each- such new shares (subject as hereinafter mentioned) to be issued at such time

CHINA OVERLAND TRADE REPORT

or times and on such terms and condi- tions in every respect as the Company's Board of Directors may think fit. The Hon. Mr. Ho Fook seconded the resolution, which was carried.

The CHAIRMAN: I now beg to propose the confirmation as a special resolution of the third of the said three resolutions. namely:-

(5.) That it is desirable to capitalise the sum of $1,000,000 being part of the undivided profits of the Company stand- ing to the credit of the general reserve, and accordingly that for the purpose of effecting such capitalisation such sum of $1,000,000 be distributed as bonus among the shareholders of the Company in pro- portion to the shares in the Company's present capital of $1,000,000 held by them respectively on the date herein after referred to, and that a bonus be declared accordingly. And further that the Company's Board of Directors be and they are hereby authorised to satisfy such bonus as far as possible by the distribution in manner aforesaid of 100,000 shares of $10 each credited as fully paid up among the persons who are registered as the holders of the shares constituting the Company's pre- sent capital of $1,000,000 on such date as the Company's Board of Directors shall decide-such last mentioned shares to rank pari passu with the shares con- stituting the Company's present capital of $1,000,000 in respect of all profits of the Company earned since the 31st December, 1920, and such distribution to be in satisfaction of the aforemention- ed bonus.

Mr. Ho KOM TONG seconded the resolu- tion, which was carried unanimously.

The CHAIRMAN: Gentlemen, that con- cludes the business for which this meeting attendance. was convened, and I thank you for your steps to be taken by your Board of There are certain further Directors in connection with the various matters mentioned in the said notice and which have been the subject of the three extraordinary general meetings, and these will be attended to in due course.

SHIPPING.

PASSENGER LISTS.

ARRIVALS.

Per s.s. Manela, on August 28th:-Mr. H. Ochi, Mr. and Mrs. Malevigne, Mr. Ipatieff, Mr, D. P. Daryanani, Mr. D. S. and Mrs. Gollandsky. Mr. and Mrs. Evans, Mr. A. W. Gully. Mr. W. Watson, Mr. and Mrs. Gibson, Mr., Mrs, and Miss Dalgleish, Miss Gec. Ballantyne, Mr. and

Mr. Gant, Mr. Master Waterson, Mr. H. Peplow, Mr. L. Mrs. Waterson, Peck, Mr. W. H. Pearce, Mr. and Mrs. Bordes, Lieut. J. M. Heath, Mr. J. Rhodes, Dr. H. P. Martell, Mr. T. W. Shearstone, Mr. H. W. Kees, Mr. P. M. Anderson and Mr. N. W. Mallory.

Mr. and Mrs. J. H. Anderiessen, Mr. J. Per s.s. Tenyo Maru, on August 31st: W. Banbury, Miss E. Banbury, Miss M. Banbury, Mr. A. Casanoun, Miss F. A. de Cruz, Mr. T. Y. Deane, Mr. R. Hager, Mr. C. Handle, Mr. and Mrs. A. S. Hitchcock, Mr. J. A. Jameson, Mrs. R. Loggey, Mr. and Mrs. J. N. Luzac, Mr. S. J. Minty, Mr. J. Paton, Miss M. M. Miss G. Rozario, Mr. J. N. da Silva, dos Remedios, Miss A. M. dos Remedios, Mrs. C. G. van der Feen, Mrs. E. S. Waller and Mr. H. Westin.

Per s.s. Siberia Maru, on August 27th: Mr. F. W. Clifton, Mr. Lieut. F. P. Chedas, Mr. J. E. Coving

J. O. Cobb,

ton, Mr. T. Celestin, M". J. E. Hanique, Mrs. H. H. Hallain, Mrs. S. Hallam. Miss A. Logan, Mr. G. A. Leonard, Miss M. D. Leonard, Mr. J. D. F. Mulder, Mr. J. H. Moore. Mr. and Mrs. E. F. Magee, Mr. L. D. Martyn. Mr. W. Morris, Mr. A. Newcomb. Mr. and Mrs E. Nielsen Miss R. Rogalsky, Mr. D. Stewart.

|

239

Per s.s. Empire State, on August 29th: Mr. F. W. Ashurst, Miss C. Bernal, Mr. and Mrs. J. W. Berwick, Mrs. M. R. Botelho, Mr. A. Botelho, Miss M. Botelho, Miss E. Botelho, Miss I. Botelho, Mr. A. S. Campbell, Mrs. V. Conde, Mr. S. K. Cohen, Miss A. C. Cutter, Miss

R. Dancel, Mr. L. D. Daswani. Mrs. J. D. de Porcuna, Mr. A. de Ridder, Mrs. G. H. de Pon, Miss M. de Pon, Miss P. de Pon Master W. de Pon, Mr. John Dias, Miss F. Dun- woody, Mrs. V. Eastland, Master F. Chuen, Mr. F. L. Fern, Father J. Fer- Espirito, Miss R. Espirito, Mr. Fat nandez, Dr. and Mrs. A. A. Fulton, Miss Grace Fulton, Mr. F. Gibbens, Mr. L. G. Graham, Mr. H. O. Hereford, Mrs. S. Hipolito, Mr. and Mrs. H. F. Hofer, Mr. M. Kahn. Father T. Labrador, Mr. G. Litton, Mr. and Mrs. B. Luraschi, Mr. J. F. Mason, Mr. and Mrs. H. H. McNeal, Miss H. McNeal, Mr. and Mrs. M. Meunier, Mr. C. J. Muller, Miss D. Nicholson, Mr. J. H. Pardee, Mr. and Mrs. E. A. Potter, Lieut. B. S. Riley, Mrs. Geo. Russell, Mr. L. L. Smith, Mr. and Mrs. G. N. Spiva, Mr. L. Teyssan- dier, Mr. F. Urreaga, Mr. C. N. Van Deventer, Mr. B. Velasco, Mr. G. J. Watummull, Mr. J. M. Grief, Miss A. Rosello, and Mrs. Finette Bower.

DEPARTURES.

and Mrs. Gorandsky, Mr. D. S. Evans, Per s.s. Manela, on August 29th:-Mr.

Waldron, Mr. A. W. Gully, Mr. W. Wat- Mr. L. Peek, Mr. Blamdon, Mr. J.

son, Mr. J. G. Gibbons, Mr. G. K. Hall Brutton, Mr. and Mrs. Malevigne, Mr. and Mrs. Spatieff, Mr. Hoegger, Mr. P. A. Traber, Mr. and Mrs. Bordes, Miss Gee, Mrs. J. Burdett, Miss A. and Miss Burdett, Mrs. and Miss Dalgleish, Master Burdett, Dr. and Mrs. Gilson, Jackson, Mr. Milne, Mr. W. A. May, Mr. Bugg, Mr. F. Young, Inspector Mr. J. Dalgleish, Mr.

G. Gant, Mr. Mr. and Mrs. L. A. Langley, Mr. H. Mr. Ballantine, Mr. and Mrs. Waterston, Peplow and Mr. W. H. Pearce.

THE UPPER YANGTZE TRADE.

THREE NEW BOATS FOR ICHANG- CHUNGKING RUN.

The Tenge Navigation Co.. whose local agents are the Kaiyosha Company, has completed plans for the inauguration of Chungking to take effect from March, regular sailings between Ichang and 1922. construction and will be placed on this Three vessels are in the course of

route. Two of these are being construct- by the Mitsubishi Dock. ed at the Kiangnan Dock and the other

The cost of each of these steamers is Tls. 400,000, and they will be constructed to steam 15 knots. The hull measure- ments are:-Length 205 ft., breadth, 31 ft., and depth 17 ft.

The Pacific North-west Commission, which made the trip from Commercial Seattle to China, Japan and the Philip- pines on the maiden trip of the Wenat- chee, has made public in Seattle specific observations. The report urges that an essential supplement to the maintenance of a commercial base at Manila is the Shanghai, which affords the key of the establishment of American business at Pacific North-west to North China and upper Asia.

The report says:

The commercial agencies of other countries where they have heavy investments and are strongly intrenched at Shanghai

facilities. In addition to the study of Shanghai as a great base for American business operations in North China and Northern Asia, American firms contem- plating business in South China should make a close study of Canton and give thorough consideration to the advantages offered by establishing there."