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THE HONGKONG DAILY PRESS, THURSDAY, NOVEMBER 1st, 1923.

Foamite Firefoam

THE MOST. EFFECTIVE FIRE

-EXTINGUISHER,

-SOLE AGENTS FOR HONGKONG AND SOUTH CHINA:

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tal, Central 336,

3, Queen's Buildings.

BLUE BIRD

Open for Business

TO-DAY

IN NEW

CO.

PREMISES

Corner of Queen's Rd.

and Pedder St.

THE "STRAND" PHONOGRAPH.

[143%

Built by America's Foremost Mechanicians, the "TRAND" is the Latest Creation in the Phonograph Line, The following are but a few of its Outstanding Features:

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4.-It playa all kinds of Disc Records, including Pathe and Edison,

without Change of Attachment.

Call for Demonstration at the

OKEH STUDIO,

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ASAHI

BEER

SPECIALLY SBEWED FOR KIPORT

DAI NIPPON BREWERY CO.

LIMITED.

TOKYO, JAPAN,

BOLE AGEN IS.

MITSUI BUSSAN KAISHA, LTD,

HONGKONG.

COMPANY MEETINGS.

The CHAIRMAN said: Gentlemen,-As you are" no doubt aware at the meeting. THE SHANGHAI HOTELS, LTD. of The Shangani Hotels, Limited, which was held in this room a short time ago An extraordinary general meeting of this morning, certain resolutions were the Shanghai Hotels, Limited, was bald confirmed as special resolutions which at the Hongkong Hotel yesterday morn had the effect of nauthorising the amal ing, Mr. J. Scott Harston presiding gamation of The Shanghai Hotels, Limit There were also present: Mr. J. H Taged, with this Company, and which gart, Managing Director, the Hon. Mr. placed The Shanghai Hotels, Limited, in PH. Holyoak, Mr. E. M. Redmond and liquidation for the purpose of enabling the Hon. Mr. A. R. Lowe, Directors: such amalgamation to be effected. Mr YJ Hawker. Secretary, and the Cader-those-creamstances.al-this following shareholders: Messrs. T. A. Company is acquiring the undertaking, Barry, F. C. Barry, J. P. Bourne, A. W. business and assets of The Shanghai Saith, 8. C. Cook, and H. J. B. Norton, Hotels, Limited, your Board of Directors The total number of shares represented consider it advisable to change the namo. was 84,599. Mr. M. H. Turner, Solicitor of this Company from its present one of Messrs. Deacon, Harston and Shenton, to that of The Hongkong and Shanghai was in attendance.

Hotels, Limited," and they have no doubt that you will agree that such change is very desirable,

tion, namely

That the name of the Company be changed to "The Hongkong and Shanghai Hotels, Limited.

The CHAIRMAN said: Gentlemen,This meeting has been convened for the pur- pose of confirming as special resolutions I therefore beg to propose the follow- the four resolutions which were passed asing resolution as an extraordinary resolu- extraordinary resolutions at the extra ordinary several meeting of this Com pany which was held where on October 15th. You will remember that at that meeting I dealt at some length with the subject matter of the resolutions in ques- tion, and I do not think it necessary to Ideal further therewith at this meeting, except to remark that the confrmation of those resolutions pa special resolutions is necessary in order to comply with the provisions of the Hongkong Companies Ordinance.

and I shall be glad if some shareholder will kindly second that.

Mr. R. Banern seconded and the motion was carried.

This concluded the business before the monting..

THE PRESTIGE OF STERLING..

I accordingly beg to propose the con- firmation as a special resolution of the first of the said extraordinary resolutions, A PRENCH VIEW OF THE CAUSES namely:-

OF OUR UNEMPLOYMENT.

In an article headed Rainous Amour Propre." Senator Henri de Jouvenel writes in the fatin

(1) That it is expedient to effect an amalgamation of this Company with The Hongkong Hotel Company, Limited, whose registered office is situate at Victoria in the Colors

Great Britain, since the peace, has of Hongkong and with a "view: thereto that this Company beacrificed her prosperity to her monetary wound up voluntarily and that Prestige. It was by disturbing the solid. Walter John Hawker of Victoria inarityf the exchange mates in the month the Colony of Hongkong be and he of March, 1919, that Great Britain rained is hereby appointed liquidator for her trade and industry and created that the purpose of such winding up unemployment of which she to-day bears with full power to delegate all or the marks. She has sacrificed her production any of his duties as he in his ab- for the honour of the pound sterling so solute discretion may think fit for that it might recover it parity with the the purpose of appointing a person dollar. British statemen have sacrificed or corporation is Shanghai in the the economic interests of their country Republic of China to net in con to their monetary pride. It was in order junction with him and under his to maintain the prestige of the pound sterling that the British Government con- cluded with the United States a separate agreement regarding her debt, and this agreement makes the solution of the problem of reparations and inter-allied debts more difficult.

control and as his agent for the purpose of carrying out such liquidation."

and I shall be much obliged if some shareholder will kindly second that.

Mr. S. C. Coox seconded and the resolution was carried unanimously,

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

HEW YORK'S RENT PROBLEM.

"In following this high-minded policy Great Brian is within her rights. All that we wet she does not attribute to un the consequences of an action that (2) That the conditional agreement we had nothing to do with. Even if we leave submitted to the meeting for the the Ruhr, eves if we pay Great Britain's amalgamation of this Company with debt to America, unemployment will still The Hongkong, Hotel Company, Limited, upon the terms (inter alia) continue across the Channel. It will only of the acquisition by The Hongkong cease when the solidarity of the exchange Hotel Company, Limited, of the rates has been established and in proportion complete undertaking, business, that solidarity spreads throughout goodwill and property of this Com Europe.". pany in return for the issue f members of this Company (other than The Hongkong Hotel Com- pany, Limited) of two shares of. The Hongkong Hotel Company, Inquiry shows that ander present cir Limited, of the nominal value of cumstances the majority of New Yorkers ten dollars (810.00) each credited must pay one-fourth of their income for as fully paid up in respect of each the rent of apartments. There is no lack and every complete share held by of accommodation for a endall family at such members of this Company re about £20 per month with a year's lease, spectively, he and the same is but most people are unable to pay so hereby approved and that the much. To help the working, classes the liquidator he and he is hereby authorities contemplate a plan by which nuthorised pursuant to Section 185 all two-house dwellings costing less than of the Companies Ordinance 1911, £2,000 to construct will be relieved of to adopt the said agreement and taxation for ten years. In the meantime, carry the same into effect with such building land in most American suburbs (if any) modifications either before is booming, the cost of building material or alter the execution thereof as the and labour is exceedingly high, and the said liquidator may think expedi-way is paved probably for a real-estate slump as soon as the boom; collapses. — and I shall be glad if solne shareholder Daily Telegraph. will kindly second that.

ent.

Mr. J. P. BOURNE Reconded and the resolution was carried unanimously.

The CHAIRMAN: I nuw beg to propage the confirmation as a special resolution of the third of the said extraordinary resolutions, namely

(3) That the aforesaid shares of The Hongkong Hotel Company, Limit- ed, shall he allotted to such afore- aaid members who are on the regio ter of shareholders of this Company

on the date of the confirmation by:

When in doubt shout your Vas

no vaŋr glass

Sonzult

CHINESE OPTICAL CO

Eye-sight pecialists.

this Company of the special resola 67, QUEEN'S ROAD CENTRAL

tion confirming the said conditional agreement.

and I shall be glad if some shareholder will kindly second that.

Mr. T. A. BARRY seconded and the resolution was carried,

The CHAIRMAN: I now beg to propose for confirmation as a special resolution of the fourth of the said extraordinary resolutions, namely

(4) That the Liquidator be. and he is hereby authorised to give such con- sent as may be necessary to the name of The Hongkong Hotel Com- pany, Limited, being changed to

The Hongkoog Hotels, Limited and Shanghai

and I shall be glad if some shareholder

will kindly second that.

Mr. A W SMITH seconded and the motion was carried.

This was all the business before the meeting.

"

THE HONGKONG HOTEL CO.,

KÜSITED,

At the conclusion of the above meeting an extraordinary general meeting of the Hongkong Hotel Company, Limited, was held, Mr. J. Scott Hurston presiding.. There were also present. Mr. J.-H. Tag gart, Managing Director: the Hon. Mr. P. Holyoak Mr. E. M. Baymond and the Hon. Mr. A. R. Lowe, Directors; Mr. W. J. Hawken Sceretary, and the follow- ing shareholders: Messra, A. W. Smith H. J. B. Norton, UM. Omar. H. J. White, TB. Parsons, B. E. Maughan, R.. I. Bridger, N. Y, A. Croucher and Mr. F. H. Fontycross, representing Mr. V. M. Grayburn. The total number of shares represented at the meeting was 101,110 Mr. M. H. Turner, of Messrs Deacon, Harston and Shenton, was in attendance.

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