1921-12-10 — Page 2

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THE HONRUNG DAILY PRESS,

A copy of this Prospectus in English and Chinem has been filed walth the Registrar of Comgames

The Subscription list will open on 15th- and will close on or before 15th day

Sof November 1921 December, 1921.

THE HONGKONG HIDE AND LEATHER

COMPANY, LIMITED.

(INCORFURATED UNDER THE tow NIES ORDINANCE—1911-1911)

SHARE CAPITAL $1,000,000.00

Divided into 100,000 ordinary · shares of $10 each.

Of the sbore shares 18,710 are to be issued and credited as paid up, and, sa hereina offered for public subscription, payable as follows:--

• mentioned, 54,290 of the remaining shares are now

$5 per Share on Application. $5 per Share on Allotment

It is not proposed to see the balance of $5,000 share until it shall appear necessary or advisable to do so (in the interests of the Company)". anil for the purpose of the further development of the Company's undertaking.

DIRECTORS.

Hon. Mr. LAU CHU PAK, Gentleman, Caine Road, Hongkong

W. A. DOWLEY, Exchange and Fullion Broker. Room 6, Post Office Buildings, Hongkong.

M. CHAN HARR. Managing Director, Sincere Company, Limited, Hongkong.

HO JACK LUM, Partner, Kwong Sang Lee, Hongkong

W. M. HUMPHREYS, Partner, W. G. Humphreys & Co., §, Daudell Street, Hongkong..

BANKERS.

Hongkong & Shanghai Banking Corporation, Chartered Bank of India, Australia and China. Bank of Ching?

SOLICITORS.-Wilkinson and Grist, SECRETARY-Bydney Humphreys..

11

AUDITORS-Percy Smith, Seth and Fleming. "REGISTERED OFFICE.-5, Daddell Street

ABRIDGED PROSPECTUS,

Object-This Company has been formed to purchase as a going concern the business known as the Humphreys Hide and Leather Works carried on by the firm of W. G. Humphreys and Company of No. 5, Daddell Street, Hongkong.

་

Business-The business comprises the manufacture of all kinds of Leather and the dealing in of hice and aking, and of all descriptions of goods and merchandise incidental to the business of such nature, and it carried on upon axtensive, well-built, commodicus, and modern premises situated as Ma, Tan Kok, Kowloon, an Kowloon Inland Lots Nos. 1967 and $40, which contain su area of 110,942 square feet, beld inder a Crown Lease for 75 years with an option of a further 75 years from the 18th day of December, 1911, subject to a Crown rent of £506.00 per annum. These premios are within the Offensive Trado Aros se defined by: the Sanitary Authority and a licence has been granted by the Government to carry on the business of a Tannery in all respects thereon.

Premises at "Ma.Tau Kok

Sito. The Site is ideal for the purposes of the business, its area is ample for say future extensions that may be necessary, it is situstad on the main read between Hok Un and Kowlcon City, and is in close proximity to the ass front.

Bulidings. The extensive buildings erected on the Property are constructed of the best solid brick and concrete with tiled roofs, and concreta pits add floor. This type of construction ensures a low rate of Insurance against Fire,

Machinery and motive power-The Taxey is equipped with the most up-to-date Hide and Leather working machinery. The motive power is supplied by a 100 B. H. P. Crude Oil Bolinder Engine with Generator direct connected, the various processes in the Tammory being operated by separate Electric drives from individual Motors.

"

+

Water supply. There is an independent supply of water from a specially constracted Well on the premises which is ample and suitable for the business.

Labour. A plentiful and healthy supply of cheap scanty labour both male and female is always qbtainable. The arranzion of the business will therefore provide employment to a large number of Chineze labourers whose increased efficiency and deaelopment is in itself and

From the foregoing facts it is cient to commend this undertaking to all those who have the interests of Chinere ind British trade at heart. asserted that from, its equipment and position the Tannery has few equals

Purposes of Formation.-The Reasons of the Venders in turning the business into a limited liability Company, are --(a) To procurs the necessary additional Capital required, in order to meet the increasing demand for their Leather; (b) To further develop the Eusiness along Bound progressive lines.

TERMS OF PURCHASE.

The premises are sold to the Company subject to a charge to the Mortgagess to secure $100,000 at an interent of $7 per cent per annu The Mortgagees stipulate that $160.000 shall be repaid by the Company at an early date and consent to the balance remaining on loan. If, i

off the whole debt forthwith in anticipated, the shares now offered to the public are fully subscribed it is proposed to psy

Valuation of Property-Hereunder are set forth at conservative figures the value of the property purchased by the Company and upon which the Vendors have based the purchase price le gaitz unt

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Land (K. L. L. 1967 and 640-110942 Sq. feet) and Buildings thereon as valued by J. Cher Clark, Architect and Surveyor... Machinery and Flant as valued by Robt. Hunter, of Macdonald & Co. Engineers... Stock of Hides, Leather, Chemicals and Materials etc, as per valuatica by S. Humphreys and certised by Edmund McGrath,

Tanner, less amounts due as shown by the books..

ه شد خود اده

URDAY, DECEMBER 10гm, 1971,

ASHINGTON CONFERENCE.

BRITISH MISSION.

The Foreign Office issued the following list of the British Empire Delegation to the Washington 'Conference :'-m

$ 300,605.00 110,779.11

65 201

487,105.18

DELEGATES.

Great Britain.The Prime Minister (as soon as circumstances permit), Mr. Balfour, Lord Lee of Fareham, Sir Auck land Geddes (in the absence of the Prime Minister or of any other delegata).

Canada-Sir Robors Borden. Australia-Senator G. F. Pearce. New Zealand. Sir John Salmond. IndiaMr. Srinarasa Saatri.

* SECTIONS.

Foreign Office Section-AL. B. A. Sperling, Sir John Jordan, Mr. M. W. Lampson, Mr. H. W. Malkin, Mr. F. Ashton Gwatkin, Mr. H. H. Quarmby, And Sir Willert (Pablisity Officer to the Delegation). «

THE LISBON MURDERS. STORY OF THE REVOLUTION. PRESIDENT YIELDS TO FORCE, (YROM THE TIMES" CORRESPONDENT.]

IMPERIAL WIRELESS.

REPIX TO CRITICISM

Mr. F. J. Brown, C.B.E., chairman of the Post Office Telephone and Telegraph. Society of London, lectured before the society on October 17th at the Institution af Electriot Engineers. He said that the cabla system of the Empire naturally divided itself into two main groups: (1) The trans-Atlantic system to Canada Newfoundland," and the West Indies. linking up by means of a land ling.aoposa Canada with the Pacific cable to Aus tralasia; and (2) the system of the Eastern and Associated Telegraph Com... panies, serving the rest of the Empire and also providing two further routes to Australasia

Ag

13

The institution of the Imperial cabl

romance of the war.

Despite perils from submarines and raiders, one from Emden to New York is the "Azores of the former German cables running was diverted at the European and Penzance and at the western end to Halifax (Nova Scotia), and was nor warked direct between London and Hall- fax. mainly carrying traffic to and from Canada, Australasia, and the British West Indies. Its land averged from Lient Commanders 20,000 to 240,000 words a week and the

LISBON, October 20th. Brilliant shine, open shops and trametrs running make it seem impos. sible that Lisbon was the scene yesterday of a successful revolutionary movement, which was, unhappily... marked in its later stages by a series of assassinations | The revolution began at 7 o'clock in the morning precisely, when a shot was fred as a signal by a sampany of the Republican Guard, and was answered from the harbour by the warships Sao Gabriel and Fasco da Gama.

A revolutionary junta, composed of Colonel Manuel Maria Coelho, Major Cortez dos Santos, Captain Rosa Alateurs, Lieutenant-Commanders Procopio de Admiralty Section-Lord Beatty (First Seu Lord), Paymaster Captain. FT. Freitas and Serrao Machado, had direct. Spickernel (Secretary to Lord Beatty, ed the occupation of strategical position Rear Admiral Sir A. 3. M. Chatfield in the city and suburbs. Colonel Coelho (Assistant Chief of Naval Staff), Captain concentrated a force of some 8,000 cavalry B. E. Donville (Director of Plans Divi- and infantry with machine gups in the sion), Captain F. C. Dreyer (Director Edward VII. Park. of Gunnery Division), Captain J. C. Serrno Machado and Procopio de Freitas cables of the American Atlantic com- Little (Director of Trade Divisions), took command of marines in the arsenal. panies wero correspondingly relieved, to. Commander J G. Bower (Assistant At half-past 9 a deputacion, consisting the benefit of the service between Europe Director of Plans Division), Instructor of Colonel Nobre da Veiga, Lieutenant- and the United States. Commander G. V. Rayment (Naval In-Commander Serrao Machado, Dr. Jacinto

A regards the wireless communications telligence Division), Mr. A. Flint (Prin- Simces, and Senbor Affonso de Macedo, of the Empire, the Post Ofico station at cipal Staff Assistant Secretary), and Mr waited upon the President of the Republic Leafield, near Oxford, had just been cam- A. W. Street (Private Secretary to First in the name of the Revolutionary Completed, and the corresponding station mittee, requesting the dismissal of the neur Cairo would be finished about the Lord).

War Office Section-Lieutenant-Gen Granjo Government, the dissolution of sad of the year. These would form the cral Lord Cavan, Lieutenant E. H. Gago the recently-elected Parliament indicated first link of the chain to East and South Africa. Two further stations' wore to be (A.D.C. to Lord Cavan), Colonel W. H. by the Committee. The President did not Bartholomew (Deputy Director of Mili-immediately comply. He is reported to orected in England and Egypt, and tary intellegence), Colonel C. A Ker, have said: "This is my last day of would form the first link of a chain to God grant that I may India, Singapore, and Hongkong; and Lieutenant-Colonel D. Forster, Lisu political life.. tenant-Colonel F. S. G. Piggott, and avoid bloodshed, and that the Republic communication would also be establisted

with Australasia. There was also to be- Lieutenant-Colonel M. F. Day..

may be saved."

a further station in England for com- This conference having been unsuccess munication with Canada, Air Ministry Section-Air Vice-Mar- shal J. F. A. Higgins, Group Captain ful, second deputation, consisting of J. A Chamier, Flight Lieutenant A. R. Senhor Affonso de Macedo, Lieutenant- Arnold, Flight Lieutenant R. Gambier Commander Procopie de Freitas, Captain Parry, and Mr. W. E. Taylor.

Menter, Colonel Bego Chaves, and Lieu Board of Trade Section. Sir H. tenant-Commander Sertão Machado met the President at half-past, 12, when the Llewellyn Smith and Mr. W. Carter.

new Government proposed by the Bave Australian Section. Mr. Piesse, Exlutionaries was accepted. pert on Pacific Questions, and Mr. D. Senator Reid, Private Secretary to Pearce

....

"Indian Section-Colonel K. Wigram and Mr. G. L. Corbett, L.C.S.

SECRETARIAT.

Sir M. P. A. Hankey (Secretary to British Empire Delegation), Mr. L 0. Christie (Secretary for Canada), Mr. G.

The Imperial scheme adopted by the Government had been criticised on two.. grounds. First, it was contended that direct communication should have been established with India; and that con munication with Australia should have been either direct or through a single intermediate station only: In the judg- In the meantime Senhor Granjo, the ment of the best experts, however, the Primo Minister, had forwarded to the shorter stages were preferable on all President from the headquarters of the grounds, and especially on those of re- Republican Guard at Carmo, whither be liability and cheapness although the had gone on the outbreak of the trouble, stations contemplated will be able to.

communicate direct between England and a letter, timed 10 o'clock, saying:

Australia for an average of two hours. Of all the Republican Guard, only daily, and between England and India two or three companies of infantry, with for a longer period. The second point

criticism was that the stations, would. 8. Koowles (Secretary for "Australia), one machine-gun section, can be consider-

These b State-owned. It was urged that the Mr. E. O. Mousley (Becretary for Newed faithful to the Government. Zealand), and Mr. G. S. Bajpai (Secre-forces are absolutely insufficient to offer scheme should have been left to private resistance to the revolutionary troops. enterprise, which was so successful in tary for India).

Cabinet Secretariat.-Mr. C. Long. In these conditions the Government is establishing cable communication. hurst, Captain L. F. Burgis, and Com-without means of resistance and defence there was a very important point of Owing to the comparatively mander H. R. Moore, D.S.O., Assistant in Lisbon." After leaving the decision difference. Secretaries Lieutenant FW. Hawlins with regard to the Government to the few wave-lengths available for long-dis- Chief ClockALERPresident, Senhor Granjo concluded tance wireless communication, and the E remain in the Carmo Barracks and mutual interference between stations, the retain a copy of this letter for the in Imperial scheme, whoaver owned it, had formation of the national

to be a practical monopaly; and it was. clearly preferable that a monopoly should The President replied I consider hs in the hands of the State. This did that you acted nobly in writing the letter not apply to cables, which did not inter you have just sent to me from Carmstore physically with one another.

A TEXTILE FAILURE, MILLIONAIRE'S.DEED OF ASSIGNMENT.

I believe I comply honourably with my duty as a Portuguese and a Republican

iging.

But-

The Imperial stations were now being

The peril which menaces the heavy wool-

were expecting to complete their work Jen industry of Yorkshire is strikingly in declaring that from this moment I planned by a commission of experts, who demonstrated by the affairs of the Fentan consider the mission of your Government next month. The work of construction. No charge for Goodwill, etc.-In as much as the undertaking is a comparatively new one, the Vendors present to the Company the So many misfortunes have

befallen this country, which, if possible master-General with all possible speed, goodwill of the burfaces and the trade marks and chops relating to their goods which are already well known and growing int popularity rapally, and Morley. The part played by MR. I love ever more deeply; may there not with the object of providing the Empire

as soon as may be a system Tho Vendors also claim no recompense for approximately years of careful experimental work as a result of which climatic and other diffi alies have been overcome, the types of Leather most suited to the Chinese market ganged, and exactmanufacturing cost ascertained.

system, would be the best in the world. Applications will be received by:-Hongkong, & Shanghai Banking Corporation; Chartered Bank of India, Australia and China

less communication which, like its cable

Bank of China.

And Prospectus and forms of application can be obtained at the above Banks, or from:-Members of the Hongkong Stock Exchange, Members of the Hongkong Share Brokers Association, The Registered Office of the Company, or at the offices of the Company's Solicitors, Messra Wilkinson & Grist, 9, Queen's Eoad Central, Victoria, Hongkong.

OBTAINABLE

FROM

LANE

CRAWFORD;

& CO.

HONGKONG":

CIGARE

STORA

PUBLIC SUBSCRIPTION LIST

CLOSES ON

THURSDAY NEXT, DECEMBER 15th 1921.

KINDLY FORWARD APPLICATIONS

NOT

LATER THAN THIS DATE.

PICCADILLY

VIRGINIA CIGARETTES

TABAQUERIA

FILIPINA.

BRITISH

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55.PICCADILLY W

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ALSO

TURFS AND

ECZEMA ON BOY'S BODY AND HEAD

In Rash. Worse At Night. Cuticura Healed.

** "Eczema started pri nay little boy's body first, and then it came ups into his head. It broke out in a fintz and I could not keep him from scratching. At night he was worse, and I had to have all his hair cut off.

'I saw Cuticura Soap and Oint ment advertised and I thought 1 would by a free sample, When I ised that I bought more and in a few weeks he was healed.", (Signed) Mira. H. Bray, 4, Bank End, Heat house, Golcar, Yorks,, Eng.

'These fragrant emollients are xli you need for all toilet purposes, Boup to cleanse, Ointment to heal. Soap Te

[“Cutlotten Soep shares withpart isagi..

OUND VOLUMES BWERKINK-PRESS,

VIRGINIA DE LUXE

1991

28-24

Harry Fenton, the chairman and prin

4 wireless message was sent by Senhor Granjo to the Minister of War" at Amadora informing him of the fall of the Government.

So far the movement had passed, in conformity with the wish expressed by its leader, Colonel Coelho, without armed conflict or bloodshed.

GERMAN REPARATIONS.

Mr. Hilton Young (Financial Secre- tary to the Treasury), in a written reply to Major Barnes, on October 25th, zaid: The total amount to be credited to Ger- many by the Reparations Commissions, including cash payments, deliveries in kind, cessions of State property, etc., up. to September 30th, may be approximately. estimated at £400,000,000. The amount advanced to Germany for the provision. of food, etc., under the Spa Coal De-" liveries Agreement, is about £26,000,000,.

cipal shareholder, with 1,010,000 £1 shares be added the imminent misfortune of

children forms one of these dramatic episodes bloodshed in a fratricidal struggle of its which commerce occasionally prvides.

On August 27th last the shareholders were circularised to the effect that an order had been obtained for the appoint ment of a receiver and manager of the business in order to safeguard the assets pending a scheme of reconstruction. The sequel is that Mr. Fenton has now made a deed of sasignment the whole of his

Two hours later Senhor Granjo left real and personal estate, to be placed, it is understood, at the disposal of the Fen- Carme in a motor-car. First he went ton Textile Association, Ltd. Mr. Fen. home, and later proceeded to the house ton's addresses are given as Fieldhead, of Senhor Cunha Leal, the Finance Childewell, Dewsbury, and Danollis, Scar Minister of his fallen Government. There borough. Londesborough Lodge, and an he was arrested and brought in a lorry extensive area of land on the South Cliff, with other prisoners to the naval arsenal, Scarbrough, are, it is understood, includ: On their arrival there were hostile de ed in Mr. Fenton's assets...

monstrations. Senhor Granjo entered the The assignment showe the groes, amount room of the arsenal officers, and there he of property as £9.183,691, which. Tess was subsequently shot, as was also Com- and the cost or the Armies of Occupa 2917,210 shown as value of securities mander Carlos da Maia. Senhor Cunha tion, excluling about £67,000,000 for the jeaves Det value of property of Leal was wounded in the throat by a American "Army of Occupation, is about. £1,288,472, Gross liabilities are shown bullet. Commander Carlos Freitas da £144,000,000. (For convenience fifteen as £1,123,400, but are covered by securi Silva and Admiral Machado Santos were gold marks are taken as equal to one tea to the amount of £738,923, leaving net also shot while, it is said, they were pound.)" The amount credited to Gor liabilities 2599-470 Feates takes an under arrest,

many consists partly of the value of nou! optimistic view of the firm's future. His

The revolutionary jante has issued liquid assets State property in Danzig, holding of 1010.000. E1 shares is practic a proclamation protesting vehemently and Poland for which no payment has yet ally, the whole of the issued capital against these, assassinations, which they been received. In so far as the balance Peter Thomas and Clark, Bash Lane, Lon-attribute to enemies of a great and of the amount credited is available for dou. EC in announcing the appoint generous national movement effected distribution it will be allocated between. ment of a receiver and manager last without bloodshed. They promise to the Allied Governments entitled to ro month, gave a reassuring statement as to take every precaution to prepent further the state of affairs.

attempte against persons or property.

The solicitors of the company, Mesare

"We are instructed to add, they stated, "that the assets of the company as shown in the balance-shest of March, 1021 show a substantial surplus for Ordinary shareholders after providing for the amount of noto issues and the ordin ary creditors, and with goodwill and co- operation the creditors, both secured and unsecured, cannot, in the opinion of the directors, sustain any loss.

On the same occason Mr. Fenton stated,

paration in the percentages agreed upon. in the Spa Agreement, subject to the pro visions of that agreement and of the Schedule of Payments, including those dealing with the Belgian Priority and the HALF THE NATION STATE-AIDED. Balgian Wur Debt The arrangements

In 1919 28,000,000 persons in a popularequired to give effect to this allocation were discussed by the Allied Finance tion of about 48,000,000 received public | Ministers in raris in August last, büt assistance.

as the French Government has not yet. The cost of assisting this 58 per cent ratified the agreement then sigued, I am of the population was £6 17s. id. per not in a position to make any further

statement on the subject.. head of the population.

Mr. Hilton Young, in reply to a further

"I have an enormous surplus. MyThise staggering facts were put before) March figures show surplus of over the North-East Const Institution of Equestion by Major Barnes, writes that £1,000,000 worth of stock. If we paid by gineers and Shipbuilders by Sir William the receipts under the German Repara stock we are worth a million.

Noble in his presidential address.

tion (Recovery) Act, 1921, up to and The chief cause of it all is the epor- Even if free education were exclud. including the and inst., amount to mous stock we have and the slump in ed" declared Sir William Noble, the £1,330,377. foreign trade. Personally. I have no cont per head of the population" for ins doubt as to the future. I made great pro sisting 5 pen ecute of the population was parations the same as everybody who held 24, 11d. - Tað tdták can drawn from woollen or cotton material, but the trade has

You can't sell goods. gone

of I have never scrapped any my stock. If I had wanted to scrap, stock, we could have gone through without au effort; but I didn't, consider it wise, I wanted to conserve not only the resources of the company, but my own personal re- Bources. This action has been taken on the advice experts.The only

HONGKONG Lot everybody to do is to get, io sporic

Lex, Price 17:50--

On sale në tha Hongkong Dolls Prime Office

The sequel of the deed of assignment is in keeping with this couragous view, while the recent affairs of his company show that trade stagnation is imperilling lovep the biggest concerns:

taxes and rates for public assistance has grown by leaps and bounds until hus reached a staggering figure. I give you tour, gured to indicate this growth:-

1891

£25,000,000 1911 444 69,000,000 1919 AMALANIB.172,000,000 24C1920

London news dated November 8th stated that winter had arrived with sur prising saddenncas, following the heat wave in October. Bevere frost and heavy-· snowfalls were experienced throughout the United Kingdom, including the Isle of Wight, where the snow was the heaviest for years Farm work was 818- panded in flou persatu-ploughs, had now provided unters wo work more and been used to clear the streets into num- produce more. Our commerce must ex-ber of Welsh Border towns and flocks of pand or we shall be able to bear the sheep bad been buried in the mountaine

in North Wales. load of taxation laid upon industry."

332,000,000

We cannot go on at this rate, le

snow