1921-11-15 — Page 2

Page

THE HONGKONG DAILY PRESE TUESDAY, NOVEMBER

WORLD THEATRE

PHONE

PHONE: 1337

Hongkong's Most Modern Ploture Palace. Entirely Under British Management.

TO-DAY

5.15

TO-DAY

& 9.15 p.m. LLIAM FOZ

presenta

MIRIAM COOPER

(Famous for her excellent acting in "Woman & The Law ")"

in

"BETRAYED"

"PICTURE" of HUMOR, REALISM. ROMANCE & "DASH;

Pathe's News and Comedies. Booking at Messrs. MENTA

NOTICE.

+

Co (Tel 851)

(1168

THE OCEAN ACCIDENT & GUARANTEE CORPORATION, LTD THE

af London, England, beg to announce that they have appointed Mosa, DODWELL & COMPANY, LIMITED, 3, Queen's Buildings, as Principal Agents to the Corporation in

Hongkong.

The OCEAN Corporation is prepared to entertain preposal for MOTOR CAR (Private & Commercial), MOTOR CYCLE PERSONAL ACCIDENT & SICKNESS, FIDELITY GUARANTEES, EMPLOYEES BENEFIT, BURGLARY, LIFT, GENERAL THIRD

PARTY, FLIGHT RISK, etc.

The OCEAN ASSETS extend

CLAIMS PAID exceed"

Eastern Head Office-CHARTEREN BANK CHAMMERA, SINGAPORE

Manager ---ALBERT" (. HALIL

UP-TO-DATE

CAMERAS

Just unpacked a large (conriguanmit of

KODAKS and CAMERAS

to be sold at a very lowest prices,

A. TACK & CO.

96, Des Vaux ROAD,

Contral

THERE'S A LONG, LONG TRAIL

of

Bugs, Fleas, Flies, Beetles, Mosquitoes,

eff all killed by

KEATING'S

BRETISH

MADE

GRIMAULT'S

SYRUP

OF

#TPOPHOSPHITE OF LIME

FOR

STUBBORN COUGHS

BRONCHITIS WEAKLUNGS

CATARRH

CONSUMPTION

£7,400,000

ég5,000,000

(1748

Sciatica

-ouch! a touch of pain.

There's not need. Half a tea spoonfulofKruschen Salts in hot water every morning, then good-bye Sciatica. Enough for two months in a bottle

Kruschen Salts

ASW & Co., LTD. Sola Káveta for Hasa Long and Southern China.

He's Happy!

A5 your baby grows happily" "from"

month to month he needs a changing food to keep him strong and contented. THE ALLENBURYS' FOODS contain desduated" propor tion of the elements essential to your baby's brain and body development.

Allenburys

Foods

Prom Meth to 3 'sicalhe MILE FOOD KAY, WILK PUD IP64, montat

ALLEN & HANBURYS Ltd, London

COMPANY MEETINGS.

THE HONGKONG HOTEL CO., LTD. ACQUISITION OF THE STEAM LAUNDRY.

An extraordinary general meeting of the Hongkong Hotel Company Ltd. was. held yesterday morning at the Registered Office of the Company. There were pre- sent:-Messra, J. Scott Harston (Chair. man), C. Montague Ede, E. A. M. Willinus (Directors), J. H. Taggart (Managing Director); H. N. Beaurepaire (Secretary), the Rev. Father Robert, Fung Tat Hang, A. D. Geo, E. M. Raymond.

E. W. Alderson, E.. A. Ram, (sharo

15TH,

STEAM LAUNDRY COMPANY. AMALGAMATION WITH HONGKONG

HOTEL COMPANY

BRITISH CHAMBERS OF COMMERCE.

BANQUET AT SHANGHAI CLUB. The banquet at the Shanghai Club, ad very numerously attended, every avail- which Mr. E. F. Mackay presided, was

The toast of The King" having been

Forces," paying a tribute to the Service honoured, the CHAIRMAN gave The Naval for its great work in the war, and preasing the thanks of British merchants. for the vigilance with which British trade had been watched during the recent cus

He went on to speak in high appreciation turbances on the Upper Yangtze River. Buring his of Rear-Admiral Borrott, command, Admiral Borrett had always been of great assistance to British tando ing the difficult and dangerous times

Rear-Admiral MACLACHEÄR and Rear-

THE MUI TSAI QUESTION. A "CHURCH TIMES" COMMENT.

The following is from the Church Times An extraordinary, general meeting of of September 20th: Commander HaselL·- the Steam Laundry Company, Ltd. was wood, who, from his intimate knowledge held yesterday at noon at the Registered of life in Hongkong, has, with Mreable place being taken,

fices of the Company Alexandra Build. Haselwood, been foremost in exposing the ings. Mr. E. J. Chapman (Chairman), evils consequent upon the mus trai custom Presided and there were present: Messrs. by which girls and children are bought W. S. Brown, (Director), A. D. Gee, and sold in Hongkong, has now compiled (Manager), C. B. Brown, (Secretary), J. and reprinted a number of articles and Scott Harston, J. A. Taggart and M. S. letters from the Hongkong Daily Press Northcote, (shareholders), and Me, W. L. All who are interested in the question Shonton (Solicitor to the Company) will do well to study the evidence there The CHAIRMAN Bid: Gentlemen, presented. We wish he had found roout holders). M. Manuk. (representing the When addressing you at the last annual for some of the reports of police court British merchants, particularly dur Dairy Farm and Cold Storage Co., Ltd.), cral meeting of this Company held on proceedings which we have alluded to in through which they had recently passed. Admiral Borrelt, They welcomed Rear- that the sales are openly negotiated, since W. E. L. Shenton (Solicitor to the Com-July 19th, 1991, I intimated that your the past, as they afford abundant proof They were sorry to say good bye to pang) and E..J. Chapman (Managing Bourd had been approached by the Hong the litigation is generally over money due Admiral Maclachlan with every confidence kong Hotel Co. with a scheme for the in consideration of gins handed over. in continuance of the cordial relations. absorption of this Company by the Hotal Among the extracts is a report of a speech which bad existed with his predecessor.

at a mass meeting of the Chinese com- Company. I outlined the basis of the munity convened to discuss the pros and Admiral Barrett briefly replied to the offer made by the Hotel Company, and as cons of the question on July 30th last.toast, the latter especially commending The most important speaker was the Hon. the Captains of the up-river gun-boats. In proposing the toast of the delegates. the formal notice convening this meeting Afr. Lau Chu-pak, an unofficial member

H. H. GIRARDET said they especially sets forth comprehensively the nature of of the Legislative Council, and the obfef Mr.

He spoke being the first occasion on which the relating to Chineso affairs. the scheme in question, it would appear advisor of the Governor in all matters welcomed the delegates from Japan, this superduous for me to reiterate the terms apparently at great length, and succeeded British Association of Japan had been under which the absorption is proposed to in getting a number of whitewashing re-presented. They regretted that through be effected. I may may, however, that solutions carried. Unfortunately for his sickness and pressure of business. Hang kong had been unable to send a repre- when he argued that since buying for

that another port should be asked to hold tion submitted by the Hotel Company, prostitution is forbidden by law it the next conference, as the Chairman bud fore does not happen with regard to As you are aware, we are at present your Board were convinced that the nan trai, but only in the case of children said, Shanghai was quite prepared to undertake the arduous duties of getting operating two Hotels and are about to ture of the offer was such as to warrant who are bought for adoption in the conference together and drawing up clean against the reiterated denial in the the agenda, but they would gladly wel embark upon the erection of a third and their entering into a provisional agres-

House of Commons that there is any con-

adopted

come suggestions from other Chambers as children farger establishment at Kowloos, in which ment with the Hotel Company, such agree action between the

to a change of venue.

Mr. C. R. MORLING (Tientain) replied connection I may add that it is the in- ment being subject to the ratification of in Hongkong and the purchase for in- moral purposes. We gladly recognize the tention of your Board to spare no effort shareholders of both Companies. There desire of the Colonial Office to reform the to the toast, which was cordially received, to render such a degree of service as our fore, this extraordinary general meeting admittedly bad conditions: We recognize and said he thought it would be a mistake tive system of supervision in such a rabbit Shanghai was the senior port in China, clientele may fairly expect. With a view has been called for the purpose of sub- also the difficulty of instituting an affecto remove the conference from Shanghai. to giving effect to the schemes we havemitting to you certain special resolutions, warren as Hongkong. None the leas the and the senior men were here, so that in contemplation, your Board consider the passing of which by the general body matter is too grave to permit of its being they had all facilities for assuring the

church, Oxon. that inasmuch as upon the completion of of shareholders will be necessary in order dropped. Commander Haalewood may be best results from the conference. the Peninsula Hotel," at Kowloon, we to give set to the proposed amalgama addasid nt Wisteria Costage. Whit

Director of the Steam Laundry Co.)

The CHAIRMAN, after calling upon the Secretary to read the notice convening the meeting, asia:-Gentlemen,This general meeting has been called for the pur: pose of submitting to shareholder the extraordinary resolution set forth in the notice convening same, and to which I referred in my speech at the previous extraordinary general meeting of share

holders of this Company, held on the 13th after carefully considering the proposi-, he proved too much, as, for exampsentative. With regard to the suggestion

day of August, 1921.

shall be in a position to handle a heavy transient trade, and as it is our inten-

tion.

tion to set aside for permanent residents shares to 1 Hotel abaro; in arriving THE TRADE SLUMP IN THE having spent some 20 years either in the

STRAITS SETTLEMENTS. SUMMARY OF THE COMMISSIONERS REPORT.

Replying to the toast of "Our Guests. which Mr. G. H. STITT very genially pro SPEECH BY BIR-WM. UZUNYATE

posed, Sir WILLIAM BRUNYATE Caused much amusement by observing that after.

administration or closely connected with the administration, of another extra- territorial country, it was extremedy com- forting to come to Shanghai and find the same problems being discussed. He had

The ratio of exchange of shares has been calculated at Steam Laundry an.equitable basis in order to affect the & considerable portion of the accommoda: necessary exchange, your Directors went tion which we shall then have as our dis- carefully into the present value of your assets which all stand in the books at posal, a very necessary adjunct to our low Agures. Until this absorption was business is that of a modern laundry.mooted, our shares were below par, the With this object in view, your Board present market price of $9.20.being based The full report of the Trade Commis-listened to Mr. Fox eloquently proposing introducing great reforms, and was re- deemed it" advisable to approach the upon the ratio of exchange and the presions which recently sat in Malaya have trade marks and copyright as means of

seat price of Hongkong Hotel shares. I Steam Laundry Company with an offer of wouldylso remaid you that for seventeen ben published. A summary appearing in minded that in the late eighties or early,

the report says:—

nineties a trade mark law was devised for General trade must be left to right Egypt but it had not yet been passed absorption which will undoubtedly prove years: our average dividend -amounted to

only

per cent though last year was beneficial to the shareholders of the two an exceptional one carrying a dividend itself, a process which has already start: (laughter). A little later he heard that companies, more especially as the Hotel of 12 per cent. On the other hand, shoulded in the Straits Settlements. Govern British Trade Mark law was regarded the Hotel Corfnan maintain the divi- ment should, however, assist by economy ze unsuitable for China. It recalled the Company owns a considerable ares of land dend distributedst year, the result of in non-essential expenditure and measures circumstance of baving sat for two years immediately adjoining the Steam the absorption would give shareholders a to reduce cost of living and of produc-on a committee dealing with similar re- forma in Egypt. One of his colleagues Laundry Company's property on which steady 12 per cent. Horeover, bearing in tien.

Government requirements should, as far was an excellent French professor, one mind the assets and possibilities which

who was extremely loyal to the entente, that Company's main works are situated the Hotel Company undoubtedly has. I as possible, be supplied locally.

Complete recovery of trade, especially and one who demonstrated his loyalty by at Yaumati.

do not think any shareholder can fail to perceive the benefit that will undoubtedly in the F.M.S. will be delayed until the the academic exercise of translating Eng producing industries have been brought hish trade mark law into the French language. It couldn't be done (laughter) accrue from the absorption.

to a paying level.

Tin--Labour conditions in mining-and Sir William was now wondering leases should be relaxed, premium on whether the simplified law now being pre- rental of leases reduced, and mining rules pared by the Board of Trado could be He rather, should not be interpreted too strictly. translated into Chinese. As a last resource export duty should be doubted it. He had been much interested in the Conference discussion of the gam- reduced.

bling problem, and sympathized with the resolution which recorded that it did not quite see its way to finding means of putting gambling down. There had been periodical attacks or gambling in Egypt, duced by Government, but only provided bored. He was glad the Conference decid that the Netherlands Indies and Ceyloned not to contribute to the School of will join in the scheme.

never felt sure that economica taught in

1

71

Rubber-Some form of restriction is necessary Voluntary restriction cannot be affected in the present stage of the in- dustry.

It is proposed also to extend the dyeing | Propose the following Spea'al Resolution: Compulsory restriction should be intro-but without success so far as he remem.

When I addressed you previously. I explained to you the ratio in regard to the exchange of shares which the Direc tors of both Companies considered equit able, and I do not propose to detain you with further details; I will therefore, now submit to the meeting the resolution which it is proposed shall be passed with a view to giving effect to your Directors recommendation.

(2)

terms.

The proceedings closed with the toast

Should the shareholders of the two companies ratify the Provisional Agree

With regard to the method of exchange ment, which has already been entered into shares, shareholders in this Company will between this Company and the Steam be allotted 2/5ths of an. Hotel share for each laundry share at present held. Any Laundry Company, it is the intention of factions will be totalled and sold by the your directors on saanming control of liquidator, and a pro rata cash return the Laundry, to gradually demolish the made to shareholders entitled to same Shares not applied for within 180 days major portion of the present works and from November 30th, 1991, will be treated reconstruct an up-to-date laundry and to in a similar manner and a cash return equip same with additional machinery. made by the liquidator. I now beg to and dry cleaning department and instal | (1)—“That it is expedient to effect an amalgamation of this Company with refrigerator accommodation capable of

the Hongkong Hotel Company, Ltd. storing furs, clothes and carpets, etc.;

and with a view thereto this Com further, a motor transportation service will be inaugurated with a view to ex-

pany be would up voluntarily and if such co-operation is obtained Gov. Economics at Peking, partly because he that Charles Bernard Brown of erument should borrow in London and school were sound, and partly because he. pediting the collection and delivery of

Messrs. Linstead and Davis be and should assist estates, but on stringent was not at all sure that the students were Inundry material.

he is hereby appointed Liquidator! The Secretary of State should again be ready for the strong meat fed to them. for the purpose of such winding up. That the conditional Agreement sub- asked to reconsider his decision against the Chairman, Mr. H. H. Fox paying mitted to the meeting for the amal-compulsory restriction of production, tribute to Mr. Mackay's work in connec gamation of this Company with the but, failing his consett thereto, restriction with the Conference, and describing him as typical of the British merchant Hongkong Hotel Company, limited tion of export should be advocated.

General Land Bank should be form who, whilst attending to the large inter upon the terms (inter alia) of the acquisition by the Hongkong Hotel ed to advance against crops and to operats of his own firm, was willing and Company. Limited of the complete rate on the lines of the Netherlands anxious to help the general interests of

British trade in China.. undertaking, business, goodwill and Indian Banks.

Mr. MACKAY briefly acknowledged the property of this Company in return for an issue to this Company of

toast.-Y... Daily News. 8.000 (eight thousand) shares of the Hongkong Hotel Company, Limited of the nominal value of $10 each cerdited as fully paid up, and the payment of $10,000 by the Hongkong Hotel Company, Limited to Messra Linstead and Davis, the General Managers of this Company by way. of bonus and compensation for loss of office as General Managers of this Company by reason of the transfer. of the business, property and under- taking of this Company to the Hong- tion, has declared a dividend for the half year ended June 30th last at 24 per cent, kong, Hotel Company, Limited and in consideration of the payment to per annum, payable September 30th, posed in this connection in Japan. The while U.S. 218,807.37 has been added to six great cities of Japan-Tokyo, Osaka, Edward John Chapman, the Man the amount of undivided profits, which Yokohama, Nagoya, Kyoto, and Kobe

upon town planning of aging Director of this Company.

will then stand at $1,229,012.08. For the have embarked $1,000, to William Samuel Brown, a Director of this Company of $1,000 corresponding period last year a dividend schemes which will almost modernise the u and to Charles Bernard Brown, the of 8 per cent. for the half-year, with un-out of all recognition. The total expendi Secretary of this Company of $1,000 divided profits amounting to $6,266,240 by way of honus and compensation Further exparsion in the profits of the at between 140 asd 150 million pounds, for their loss of office as Managing International Banking Corporation is and the raising of this huge sum will be Director, Director and Secretary res indicated in the half-yearly statement to spread over the next ten years, pectively by reason of the aforesaid June 30th, last. The dividend was double amalgamation be and the same is that for the previous period. Deposits hereby approved and the Liquidator continued to fall off, although at a less

The resolution is as follows

"That the conditions! Agreement submitted to the meeting for the amal- gamation with this Company of the Steam Laundry Company. Limited, upon the terms (inter alia) of the acquisition by this Company of the complete undertaking, business, good- will and property of the Steam Laundry Company Limited in return for the ise to that Company of 8,000 (eight thousandy shares of this Company of. the nominal value of 910 each credited as fully paid up and the payment of $10,000 by this Company to Messrs. Linstead and Davis, the General Man- agers of the Steam Laundry Company, Limited by way of bonus and compensa- tion for loss of office as General Man agers of the Steam Laundry Company," Limited by reason of the transfer of the business, property and undertaking of the Steam Laundry Company, Limited to this Company and in consideration of the payment to Edward John Chap man the Managing Director of the Steam Laundry Company, Limited of $1,000 to William Samuel Brown, a Director of the Steam Laundry Com paty, Limited of 21,000 and Charles Darnard Brown, the Secretary of the Steam Laundry Company. Limited of $1.000/by.way of bonus, and compensa tion for their loss of office as Managing Director, Director and Secretary res pectively by reason of the aforesaid amalgamation, bo and the gaze a hereby approved and that, the Directors (2) be and they are hereby authorised to carry the mid Agreement into effect with such (if any) mod Eentions ofther before or after the execution thereof on they may think fit."

I shall be glad it somebody will second

the resolution....

The Rev. FATHER ROBEEr seconded, and the resolution was carried without discus

FION.

This concluded the business.

Every effort should be made by Govern- ment to retain labour in the country

Every possible encouragement and as- sistance should be given by Government to the development of new industries agricultural and otherwise.

INTERNATIONAL BANKING

MODERNISATION OF JAPANESE CITIES.

4 London contemporary learns that several Japanese gentlemen, including Mr. Sasaki, Vice-Governor and Director of Home Affairs of the Kanagawa (Yoko- hama) Prefecture, have come to England to study town planning developments in The International Banking Corporaorder to incorporate them in one of the most ambitious undertakings ever pro-

CORPORATION.

ture upon this undertaking is estimated

IF YOU WEAR TORICS.

you in

be and he is hereby authorised pur rapid rate, the total of £14,367,400 con- you know you have done the best. If suant to Section 185 of the Companies trasting with £24,848,800 at December 31st not, you have not yet done the best you can to Ordinance 1911 to adopt the said and £16,107,600 at June 30th last year, give your eyes comfort. It is possible to correct Agreement and carry the name into but the note circulation in China and the visions of eyes that wood glasses without effect with such (if any) modifica to £756,200. The volume of securities

tious either before or after the execu-investmento was smaller by £91,400 ating Toric lenses. It would also be possible- tion thereof as the said Liquidator £837,500, while loans and discounts con- to use a motor car without pneumatio tyres, may think expedient.

tracted, this being particularly marked but it would not be as comfortable; If you The aforesaid 6,000 shares of the in the case of time loans and discounts, have failed to find real nye comfort, try & pair Hongkong Hotel Company Limited which, after a drop from £3,008,600 st shall in pursuance of clause 7 of the June 30th, 1920, to £2,887,900 at December of Toxics, thes, deep inner curre confonas to aforesaid Agreement be allotted to gist, amounted at June 30th last to only the natural motions of your 670,- Torić ahareholders on the register of share21,637,900 Bills and remittances at

holders of the Steam Laundry Com Es,980,900 exhibiteed an advance of of any prescriptions are manufactured pany Limited on the 30th day of 15,500 bist Cash was £3,295,700, Hongkong Optical Co., Bancass to November-1921.'--------

Mr. NORTHCOTE seconded the resolution, Bgmist 24,644,200 The total value of the Os Manufacturing Bein which was carried unanimously

This concluded the business before the meeting!

assets, £24,843,600 contrasted with

£20,285,500 at the end of 1990 and located in 63, Queen's Road, Cents £31,039,500 at the middle of that year