1917-09-01 — Page 6

SIR JOHN JELLICOE ON PIRATES WAR. BRITISH GRIT WILL WIN

ENEMY'S DESPAIR? TACTICS.

naine,

THE HONGKONG DAILY PRESS, SATURDAY, SEPTEMBER -100-817.

tribute to the work of those for whom and closor connection will arise

for whose dependents the co-ordinated funds will suck to work.

Admiralty.

ILE the

1

ENEMY'S DESPERATE PLUNGE. Admiral Sir John Jellicos, who was enthusiastically received, moved

and the reason is not far to see. You cannot give inforamtion about the affairs which go on at sea without a some time running very considerable risk of giving information which our enemies across the water would be paly to glad to have But, believe me, behind the record which you occasionally see in the Gazett or the Press, of the award of some decor tion or honour-behind the short notice in which there is not expressed the reason for the award or honour, there lies a tale of boroism which, when the war is over will arouse the country to its depth (Cheers.)

GETTING BACK ON THE ENEMY.

The sailor never.

It was

the evolution of this war, it is the way ents in the future? It is an elementary in which the mercantile marine, in all obligation, put upon every one of us, and its branches, has been drawn closer and if you were to look at it in the most closer to the Royal Navy. I believe that selfist fight you would ask yourselves, this closeness is bound to grow. I be What should I have in my pocket or my Tieve that the proper evolution will be possession to-day if it were not for the eventually that, more or less, it shall be Navy and the mercantile marine?" There was inaugurated at the Mansion all one service. If we had not had the Hear, hoar.) With all my heart I com-

mercantile marine to fall back upon in mond this new fund. (Cheers,) House recently a fund which is to co

The motion was seconded by Sir ordinals marine benevolent institutions, this war, I really do not know where the It boars, by his command, the King's country would be at the present moment George Reid, -

King George's Fund for For my own part, whomever the time Sailors, its Grat president is Prince comes when the question is ripo, when Albert, and the Duke of Connaught its even the mercantile marine (by which I The First mean not only the owners of merchant Arst Chairman of Council.

That this Diveting cordially "approves Lord of the Admiralty, Sir Edward ships and captains, but the men in the Carson, and the First Sea Lord, Sir John merchant service) see fit to come into the objects for which King George'a Jellica, noved the two principal resolu. i closer connection with the Navy, I do Fund for Sailors has been establishod, can spank more freely. I would com-attacked, in this instanco by two sub opinion that in Holland an exaggerated tions at the sngeting, and paid stirring not think the difficulty of making that and pledges itself to use every effort to mence by reminding you of the great and in the case of the Gowaniea, a drifter, of these measures

angment the income of the fund in the interest of sailors, their widows, orphans, CHAPTERS OF REROISY.

and dependienta."' I spend a good deal of my time at tha The Lord Mayor presided. He stated

He said:-Apart from the magnificent that Prince Albert had sent a choque for Admiralty reading from day to day the £1, and had written. in arcepting the sacrifices of our naval auxiliaries and our achievements of our glorious Army, the oflies of president. at it suffuzed him mercantile muring. When the proper time interest of everybody in the Empire is, much satisfaction to know that the welcomes for it to be published, you will have I think, centred upon our sallora sailors face of our seamen was to be further pr. chapter after chapter of heroic deeds, of of the Navy and sailors of the mercantile Why is it Because on the moted by this establishment of the fusi, bien of all ranks and all classes, in all marine. with which he most willingly associated branches of the Navy, the Navy auxiliary, sailors of those two Forces depends the and the mercantile marine Take the provision of all the necessaries which himself from the outset, (Cheers.),

Captain A. W. Clarke announted dran ninesweepers Night and day they are support the country and which enable Lions amounting to £50,000, and including, orrying their lives in their hands to keep the country to carry on the war to a twenty subscriptions of £1,000 each from clear the pathways of the sea for the uccessful conclusion

ships of commerce and the ships of war, look to merchant ships, manned by shipowners and shipping &rius,

Bir Edward CarSort moved: "That I asked one man who had been torpedoed sailors of the mercantile marine, to these shores your food and the loyal and bumble duty of this meeting three times what he felt, what he did the, bring to

I came nabore," was his other necessaries, and you look to the be conveyed to his Majesty the King, third time. with their grateful appreciation of his reply, and asked for another ship." ships of the Navy, manned by suitors of command that the fund I called King (Cheers.) That is the grit that is going the Royal Navy, to guard those ships, George's Fund for Sailors." He said to see us through this war. (Cheers,) I Both tasks are difficult, because the enemy that the King used to be called "Our want to bring it home to the public that has seen fit to adopt methods contrary so far as I know, no man at the Ad- to law and humanity in carrying out his Sailor Prince, as he truly was, and now ho was Our Sailor King" In com-miralty grudges, in the slightest degree, desperate enterprise. His present method manding that this fund be called by his not only the highest meed of honour of naval warfare is one of despair, and name, His Majesty sent one more message which these men deserve. All desire that, it is just as well that we recognise that of his interest in his sailor population, in every way, the lot of the minesweeper (Cheers.) He has made a desperate and his earnest prayer and desire that and his dependents should be made equnt plunge, but he will not succeed, because the nation may berally and splendidly to, nay, even better than, that of those he is up against a pretty strong thing, respond to the appeal which was being who have made war the chief profession and that is the grit of the British sailor, of their lives. Where can you get a (Cheers.) As to the duty of the Navy in I am particularly glad -continued Sir charity, I do not call it a charity, a duty combating this peril, you will forgive Edward that this fun is to co-ordinate (cheers)-which will come more readily me if I do not say much about the Navy fands for all branches of a service; home to your hearts then the duty of beyond stating the fact that the Navy that it not for tha Vary alone. providing for sailore and their depends is doing its very best to safeguard our bnt for the Naval Reserve, the Navy ente? Where can you got any necupation routes and to ensure the Army on the so necessary to the unintenance of the seas. In that task the British Navy is Volunteer Reserve, trawlers, mine sweep- ers, auxiliaries of mary kind, and the country and its people, se productive of assisted by the Navies of our Allics

wealth to the country, which so closely (cheers) and the most recent assistance morcantile marine proper. It is some times said that the Admiralty do not show binds together all the different units that has come from the Navy of the great sufficient consideration for the mercantile make up the British Empire Make no country opposite to us and inhabited by mistake about it, but for the Navy and

our anusins the rourine, that we are a somewhat too

America (cheers)-and right well they autocratic people, who think a great deal the merchant service you could have no of ourselves, and very little of others British Empire such as it exists to-day. are helping us. Even the Admiralty in engaged on the son. Any such conception Are we asking much that those who live doing its best, assisted by a good deal of the Admiralty is absolutely false. For through their efforts (and this inclades of criticism, (Laughter.) The nation my own park, there is one thing more every inan, woman, and child in the does not hear very much about the deeds than another which I am pleased at, in kingdom) should give unsparingly in of those fighting under the White Ensign,

a slight percentage of the tales which NORTH SEA DANGER ZONE come into the Admiralty from day to

DUTCH GOVERNMENT'S VIEW. day.

After mentioning the stories of attacks on ships, which have already been made An official statement issued recently at public, he said that of the Latin Branch, The Hague says:- was a good tale to the credit of her

On representations by the Dutch Minis

with the crew. She was attacked, while unarmed, tor in London to connection by gunfire from a submarine on November extension of the British danger zone in 21st, and hit in several places. Two to North Set, the British Secretary of members of the crew were injured, and State on July 6th replied emphatically a young apprentice, though wounded, that the measure in question was in Do remained at the wheel throughout the way intentionally directed against Hol attack, and declined to leave his post Inod, but was exclusively prompted by until the vessel was brought in safely military considerations, which aimed at British waters (Cheers.) On May 4th, 1917, having been blocking the entrance to

Ho expressed the Of the sailors of the merchant marine I provided with a gun, she was again to the enemy forces.

marines, one of which she sank, (Cheers.) ides prevailed regarding the consequences to Dutch shipping, increasing debt of gratitude you owe the way attacked in tis, Asiriatic at night. which still had other outlets than those them. Every hour that goes by and every she way three Austrian light cruisers along the hitherto safe route, morsel of food that passes the lips of the When asked to surrender the master of ulded that the laying of mines would people of this country should be a re-

The Dutch Government replied that, minder of that debt of gratituds. The the drifter, which was armed with a Gib. not be begun for a few days.

fire, proceeded to engage the cruisers owing to the unrestricted subruarine war ships of the mercantile marine as they gun, called for three cheers, and, opening

population by the Channel route was in- come near our shores are a target for Eventually he brought his vessel away in the supply of necessaries for the Dutch possible, and that the route through the the unseen enemy.. knows the moment his ship may be sunkenfety, (Cheers.)

THE UNCONQUERABLE: SPIRIT,

Dutch, German, and Danish territorial neutral He soldom sees the enemy which sinks:

This (procceded Sir John) is an indien waters was also impracticable, as him, When he is obliged to take to, the

bidden. Morcover, the route through boats, very often after a galiant fight, tion of the spirit on board the drifters, shipping along the German coast was for ho perhaps finds himself in an open boat In the case of one of the deck hands who Dutch territorial waters along the north- quente. In corto experience the fich had his leg shattered by explosion, he vrn isles would not be used, as the rinvig- quently undergocs experiences to which continued, and fought his gun throughout water at some points lay outside ter

a paradise, because the enemy the action. (Cheers.) That is the spiritite

the British minefield. The Government that shells the boats. Why? I think he does that will never allow us to be defeated, ritorial waters, and therefore came within that the British it in the attempt to upset the murale of (Cheers.) It is the spirit which will win expressed confidence

He little knows his the war, and I hope win it quickly, but Government, after having taken into ne the British sailor. mda. (Cheers.) The only effect of that while you applaud at this moment the count these facts, would reconsider the treatment on the British sailor is to make spirit of the British sailor, never forget intended measures.-Reuter him keen to get to sea again, to have the duty of gratitude which the country chance of getting back some of his own.owes him. It is a duty which can best bo

The Right. Hon. Lord Inchcape sup- (Chcers.) The British sailor is a man paid by seeing that neither be nor those who has food death often enough, too dependent on him are ever in any anxietsported the resolution. He said from his often in peacetime, to be in the least bits to their future. (Cheers.)

daily business experience he could speak with knowledge and confidence of the troubled about death in war-time. If the

pluck and courage displayed by captains, enemy thinks he can count upon shaking the nerve of the British sailor of the Navy or the mercantile marine he never made

Of the magnificent work of our sailors officers, and engineers in the merchant a greater mistake in his life. (Cheer)'

and the mercantile marine there, can service during passages through the He had been brought in danger-zone. be but one opinion. Their claim to the contact with stories of a good many sad Sailors are not affected by nerves. But we must not think, because of that, that

gratitude of the whole Empire is one disasters. In one case a vessel was on which I have often insisted, and torpedoed fifty miles off the coast of Italy, they are not in other respects the same as the rest of the community. We must

which cannot be overrated too highly. I do not doubt that the appeal will most and when the crew took to the bonts not forget the sailor is a fan who has

with a most generous response Yours they were shelled. The captain had his shoulder fractured, fifteen of the crew responsible and deep affections, and tho

very truly, A. J. Balfour..

were killed, and ten or mora injured. man who knows that, whatever may

Continuing, the speaker said it was happen to him, bis dependents will looked after is the man who can face death hoped the fund would be a monument to When the captain asked to be towed near Oh, no, I am too busy,' and the un- without any trouble, and that is one of those brave men who went from day toto land the submarine captain Paid, the objects of the fund for which I am day to carry out their work loyally on fortunate men were left to find the coast. was still in hospital, speaking. Something of the spirit whichbehalf of the community to which they

the sailors of the

mer belonged. They had a right to look for he captain, who animates cantile marine you may glean from some tangible proof of the gratitude of had telegraphed that he hoped to be hone

(Cheers.) few of the many, many incidents of the people for whom they worked no faith. Leon, and perfectly fit again for duty. heroise and gallant conduct which I willfully and well, now give you, and which represent only i (Continued at foot of next column.)

made

THE

A

United States of

Captain Sir H. Acton Blako seconded the proposal. He said he had received a letter from Mr. Balfour, who wrote:-

PATRIOTIC CALL.

The resolution was carried.

HONGKONG STEEL FOUNDRY COMPANY, LIMITED.

PROSPECTUS

i....

Inviting public subscription for 85,000 shares at par ($10 each), upon an increase of the Capital of the Company.

T is desired, and a resolution for that purpose has been psssex, to increase the Capital of the Company to $1,000,000 by the issus of new shares, for the purpose of extending the business which is firmly believed will, if so extended, not only prove exceedingly profitable to all interested in the Company, but will also supply a want to locni concurus.

The Capital of the Company is now $1,000,01 €, of which only $76,080 has been paid up, and on this the Company last year made a not profit of 819,817 and prid a dividend of 10 per cent, at the end of the present financial year. It is anticipateal thut doubling the Capital will at least treble the profit; and, should this anticipation be realized, the Company could pay at least a steady Twenty per cent.

Steel Castings are needed for numerous purpuɛes by all Railway Contractors, Engineering and Dock Companies every. where in China, and by many small manufacturers. At present a large portion of the Steel products which this Company is able to manufacture is obtained from abroad-at probably a great expense--in consequence of the very limited capacity of this With an increased Company to carry out orders received. Capital, enabling more furnaces to be erected, and more labour employed, this Company would then be in a position to supply most of, if not all, the needs for steel castings in this part of the world; for, with the experience now acquired by the General Managers, and by their present had workmen, there should be no difficulty whatsoever in most satisfactorily falling such requirements.

It is much desired that sufficient additional capital be subscribed, beyond that which is required for the further development of the Steel Casting department, in order to enable a plant to be obtained, and set up, for the purpose of roling Steat Ingots into material for Engineering, Dock, and Building requirements; for which material there is now a great demand,

It is therefore trusted that many persons in the Colony will be found ready to subscribe towards the increased capital desired, both for their own benefit, and for that of the community generally.

The General Managers are ready and willing to enter inte any reasonable agreement desired by the Company to continue their services for a lengthy period. Also, if desired by the Company, they are fully prepared to transfer the control to a Board of Directors, comprised of such persons who are in a position to introduce business, as the Company thinks advisable.

The minimum subscription for the new shares now offered

to the public, upon which the Goueral Managers may proceed to allotment, is $200,000.

Mr. C. BERNARD BROWN, of the firm of Messrs. LINSTEAD

& Daya, Hongkong, is the Auditor of the Company.

A copy of this prospectus has been duly filed for registra

on with the Registrar of the Companies.

Application for Shares should be made to the Company's Bankers, or the office of the General Managers, where forms will bo'supplied.

GORDON & CO

General Managers.

Dated this 22nd day of August, 1917,

REPORT AND STATEMENT OF ACCOUNTS FOR 1916-17..

Report presented to the Shareholders at the Seventh Ordinary General Meeting held at the Office of the General Managers, on Wednesday, 15th August, 1917, at 11.30 o'clock M.

The General Managers have now the pleasure to submit their annual report and statement of the Company's accounts made up to 31st May, 1917.

The net profit for the year ended 31st May, 1917, after allowing for interest. Auditor's Fees and writing of depreciation on Company's Plant, Machinery, Launches and Stock, is 80,817.93. This ununt together with the sum of $19,548,03 undistributed profit brought forward from last year makes an available balance of $39,388.55, which it is resolved to appropriate as follows:-To place to Reserve Fund $10,000.00. To pay a dividend of $1.00 per share $7,808,00. To carry forward to credit of next year's nocount $21,558,55. Dr.

BALANCE SHEET AT 31ST MAY, 1917.

LIABILITIES.

Jets

..1, AM)!

78,080 | 00, 5,00000

20:765

72

SHARE CAPITAL.

Authorised 100,000 shares at

$19 each Issaed 7,808shareantS10mch MORTGAGE ACCOUNT SUNDRY CREDITORS including General Managers PROFIT AND LOSS ACCOUNT.

Balance as per lab account. $19,548.62 Profit for the year........... 19,817.93

To Interest Account.....

++

Auditor's Fee.

39,366 55

143.202. 27

ASSETS. Machinery, Melting Furunces,

Foundry Plant and Tool including Annealing and Preheating Chambers and

also all rights to secret pro-

reses as per last obcount... 863,038.12 Les sold, fo

Less Depreciation

311.25

$83,640.87

6,227.72

$77,419.15

Additions during the year... 4,836.86!

Value of 2 Launches us per

last account

Lasa Depreciation

Office Furniture and Fixtures including valuable draw- ings as per last account...

Less Dopreciation

Stock in trade..

Less Depreciation

Work in Progres........

Accounts Receivable

Cash at Bank and in hand

(Bank 7,271.541

[P/Cash 187.56)

PROFIT AND LOSS ACCOUNT.

For the year ending 31st May, 2017.

Depreciation on Machy. Plant, Stock,

te...........

"To Writing offold Machinery...

Profit on the your...

향 cts.

8 4,500,00j

:

X

Ür.

FELH

82,356 01

450.00

10.00 8100

1,050 1.00

729 00.

..827,049.70

795.80

26,853 81

6,002 00

15,874 35

7,439 10

143,202 27

$

45000 By Balance Working Account

cts. 2811779

900 00

7,054 61

90 2.

19,817 93

* 29,117 79

98,117170

GORDON & Co.,

General Managers.

I report that I hays audited the abwe Balance Sheet with the books and vouchers of the Company and have found it to be in accordance therewith.

I have received all the inforuration and explanations I have required. No depreciation has been written off Steel Process Patent Rights which appear in the books at their original cost, namely, $31,308.56. Subject to the foregoing observation, in my opinion such thulance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of my information ugl the explanations given me and as shown by the books of the Company.

C. BERNARD BROWN, A.CA.

Hongkong, 6th Augast, 1917.

Auditor."

The Register for application of Shares will be closed on Thursday, 1st November, 191

To be returned to the applicant.

To be retained by the Bankers.

This form should be sent entire, with a cheque for the deposit of $10 va each share to the bunkern

of the Company, namely, the

CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

at 3 o'clock.

HONGKONG STEEL FOUNDRY

CO., LTD.

Form of application for Shares.

To the General Managers of

HONGKONG STEEL FOUNDRY COMPANY, LIMITED.

Gentleman,

Having paid tothe Company's bankers the sum of $......... being a deposit of $10 per share for...chares of $10 uch of the above-named Company I (or we) request you to

.....shares on the terms of the allot to me (or új

Company's Memorandum and Articles of Association and I (or we) agree to accept the same or any less number that may allot to me (or us) and I (or we) authorise you to register me (or us) as the holder (s) of the said shares.

Namo in full...........

Address...

Description

Date.........

Signature

you

Receipt for Application Money.

Received this..... day of

..... ori account

of the Hongkong Steel Foundry Co., Ltd, from..

............ the sum of 8..............being a deposit of ..shares of #10 each of the $10 per share upon...

above-named Company,

For the

Chartered Bank of India, Australia and China.

Cashier.

N.B. This receipt when returned to the applicant must be preserved, and if socompanied by receipt for the amount due on allotment, will be exchanged in due course for a certificate.

Should the amount of $200,000 not be subscribed to enable the General Managers to proceed with the allotment,

the amount subscribed by ouch subscriber will be returned without interest.