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"DECOLITE".
THE HONGKONG DAILY PRESS, SATURDAY, OCTOBER 4TH, 1924
FIRE-RESISTING FLOORING
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JOINTLESS. HYGIENIC & NON-SLIPPING
Laid by Our Own Workmen on
STEEL. WOOD OR CONCRETE,
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel. Central 236.
Queen's Bulldings.
QUEEN'S THEATRE
TO-DAY, at 230, 5.15, 7.15 & 9.15 p.m.
LAST PERFORMANCES SUNDAY, at 6, 7.15 & 9.15 p.m.
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THE HONGKONG SMALL INVESTORS' SHARE & REAL ESTATE CO. TEL. C. 4830,"
WE BUY
Tops or
Beamboats 150/500 Lane Crawfords Union Inspes, 6/20
WE SELL ICTS OF
LOTS OF
LETS OF China Lights 50/500 Powello, 100/200 100/1,000 8'pors.Trams 100/1,000 Territorials 100/500 an cong. Dark 110 Acorn Teen 100LDG Diagia.
25 Underwriters 100/3,000 200 Docks
9/12 Providents old 100/500 100 Hotels, ald 40/100 Humphreys" 100/600) 100/5001 Hotels, new 32/140
Peak Trams 100/500 Lands
Hotels old (Dea) 500 Wharros
Dairy Farma 50/1,000 Electrics
Pad 2 WINE AND VARIOUS OTHER LOTS.
WANTED-Erases for Bent, Hongkong and Kowloon. Prospective tenants will pay up to
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3900 monthly.
COMPANY MEETING.
THE CHINA SUGAR REFINING COMPANY," LTD.
An extraordinary general meeting of the China Sugar Refining Company, Limited, was held gesterday, Mr. B. D. F. Beith presiding. There were also present: Mr. C. Gordon Mackie (Members of the Consulting Cummit. tee). Mr. E. 'B. C. Hornell (Secretary to the Company, Mr. W, E, L. Shenton (Solicitor to the Company), Mr. G. M. Shaw (Manager), and the following: shareholders: Mestars, F. F. Aucott, Ho Leung, H. E. Hollands, H. Birkett, Chon Po Sein, Chon Po Mia, F. M. P. de Grnen, Lo Man Hin, R. E. Macdougall and C.. Savard-Roniedios,
i
The CHÁRMAN said: Gentlemen. The initial object for which this meeting hás | been called is, as indiented in the notice, which the Secretary has just read, for the purpose of receiving a report of the proceedings, at the first extraordinary general meeting held on the 16th ultima and of confirming, if thought is as special resolutions the two résolutions. which were passed as extraordinary 'ze wolutions at unch first meeting These resolutious, as you will remember, con- cerned the approval of "the draft new Articles of Association of the Company and change in the Company's name. You will also remember that at the above mentioned first meeting I shurtly explain ed to you why your Directors thought it essential to alter the Articles" of Asso ciation and Company's name, and I do not consider it necessary to deal further therewith, except to add that at the meet ing in question the draft new Articles of Association and change of name were maimously approved, and that resolu tions recording such approval were un- animously passed us extraordinary resolu tions.
Obtainable at LANE CRAWFORD.LTD Tabaqueriz Filipina, Graco Egyptian Tobacco Store, and all high-class Tebuzzantits,
At 95 cents per tin of 30
HONGKONG SHARE MARKET.
fesors. Benjamin and Potts, in their weekly share report, dated Friday, Octo- ber 3rd, say-
The market during the week continued steady, and a fair volume of business has been transacted. In several stocks, fur- there advances have occurred. There and attention has been turned towards has been more business with' Shanghai,
cotton shares.
Banks-flougkong and Shanghai Bauks are slightly easier, with sales made at $1,195. The price in London has im- proved to 132.10 (middle).
Shipping.-Hongkong, Canton"& Macao
Marine and Fire Insurances. Sales of Lalogs hays been reported at 3240 and more are to he had at this figure. There Under the Hongkong Companies Ordiare buyers of Cantons at $7.90, Under- nance, however, it is necessary that the writers at 811, China Fires at $180 and approval of the new Articles of Associa Hongkong Fires at $600. tion and change of name shall be signi- fed by special resolutions, and conseSteamboats have weakened and are on quently this meeting has been convened, offer at $10. Tug and Lighters have for the purpose (inter aliu) of enabling changed hands at 2). Star Ferries shew the extraordinary resolutions above "afer- a strong tendency and are wanted at the red to to be confirmed as special resolu, improved price of $10 Waterboats, are tions. And I acordingly heg to propose enquired for at $16. Deferred Indos at the confirmation as a special resolution 8119 are unchanged. Douglas Steamships of the first of the said extraordinary at 862 continue neglected. resolutions namely:
(1) That the new Articles already approved by this Meeting and for the purpose of identification subscribed by the Chairman thereof be and the same are hereby adopted as the Articles of the Company to the exclusion of and in substitution for all the existing Artirics thereof.“
and I shall be glad it some shareholder will kindly second that.
Mr. E. F. Accort seconded and the proj posal was carried.
The CHAIRMAN. I now beg to propose the confirmation as a special resolution
Refineries-China Sugars have bad another spurt and were negotiated up to 15, but close cusier with buyers at $495. Muinbons are to be had at 4
Oils and Mining.-A fair demand has set in for Tin shares, and it expected to see higher rates in the Autumn Pur chases of the following have been Ände during the week: Siamese Tins nt 71 and tenongs at 31/3; Treonhs have) advanced to 4974
Electric Compa-nies.-Hongkong Trams have been in good demand and were dealt in up to 247, but the market has since receded to 10. China Lights have like,
of the seconded of the said extraordinary | wise developed a firmer tendency andË resolutions, namely:-
were put through at 3 for the com declined to 840),
(E) That the name of the Company bined shares. Hongkong Electrics bave be changed to "China Sugar Refining Company, Limited."
and shall be much obliged if some shareholder will kindly second that.
Mr. Ho Leva seconded and the resolu- tion was carried.
}
Docks, Wharves and Godowns-Hong- kong and Whampoa Docks have been ruling weak, and have changed hands down to $174. The market is stronger at the close with buyers at 8175. Hong. The CHARMAN: This meeting will now kong and Kowloon Wharves were dealt be continued for the purpose of dealing in at 1219, and have since weakened to with the further business which, accord-2005). Shanghai Docks continue in de ing to the notice, is to be brought before and and have been booked at Tis. D. it, namely, the consideration, and, if New Engineerings are askell for at Tls. thought it, the passing as an extraordi- 6.60 and Hongkew Wharves at Tis. 1921. nary resolution of the third of the resolu-" tions set out in the notice and already read to you by the Secretary..
Londs, Hotéis and Buildings--Hong- kong Lands have been in good demand and they have been placed to a fair ex teat up to 120 Thore are buyers of Hongkong Hotels (old) at 823. Realtys at 82.15 and Princes Buildings at 8150. Humphreys Estates have en taken of the market at 8991.
Cotton Mills.-Ewos have been done at Tls. 103 and continue in request. Orient- als are firmer and enquired for at Tls. 31. Shanghai Cottons are wanted at Th.
12.
The said third resolution concerns the proposal to divide each of the existing 20,000 fully paid up shares of $100 each constituting the Company's present capi tal of $9,000,000, into four fully paid up shares of $25 each so as to make such capital $2,000,000 consisting of 80,000 fully paid up shares of nominal value $25 each. As I explained at the first extraordi aary general meeting a substantial body of shareholders asked that the shares be
Miscellaneova-China Providents have so subivided and your approval to the proposal is now sought. I do not think ruled firm and have been bought up to it is accesanry for me to add anything (combined), 819 old and 25) for the further but if any shareholder would Dew. Green Island Cements have also like to ask any questions or seek any strengthened and were dealt in up to explanation in regard to resolution No. 323 (combined), but closo easier with I shall be pleased to endeavour to answer sellers at 83 Dairy Farms alter having such questions and give auch explans-declined to recovered to a buying tion to the best of my ability. If no rate of $271 with sales reported at 8271 questions are asked, or explanation Constructions have advanced to 854. Bought, I shall assume that you approve There are buyers of Watsons at $3 after of resolution No. 3, and will thereupon transactions at this rate. Lane, Craw- fords at $184, Peak Trams, at 21), Sin- The.. CHAIEMAN: There being no queaceres at. 818) are wanted at quotations. tions or desire for explanation, I now Hongkong Ropes (combined) have not propose the following resolution as extraordinary resolution, namely:
propose saNC.
(3) That each of the existing 20,000 fully paid up shares of $100 each con- stituting the Company's present capital ofgu,b00,000, be divided into four fully paid up shares of $25 each so as to make such capital - $2,000,000 consist- ing of 80,000 fully paid up shares of $25 each.
and I shall be glad if some shareholder will kindly second that.
Mr. Cuo Po Ser seconded and the resolution' was carried.
The CHAIRMAN: Gentlemen, That con- cludes the business for which this meet ing was convened and I thank you for your attendance. As you are aware the notice.convening this meeting also con veness third extraordinary general meet- ing for the purpose of receiving a report of the proceedings at this meeting, and of confirming, if thought it, resolution No. 3 which has just been passed as an extraordinary resolution. The third meat- ing will be held here on Monday, the 20th instant, si noon, and I shall be glad if you will kindly attend same.
moved.
Forward Settlement Days.-25th Octo- ber (Tuesday); 26th November (Tuesday) and 23rd December (Tuesday).
Exchange-The T.T. selling rate on London to-day is 2/4 and on Shangbai
70.
OLD' HAMBURG EXPORT AND IMPORT HOUSE.
ESTABLU 1864.
Wants Correspondent in Hongkong for Export of German Goods and Import of Chinese Produce. Apply to-LAEL LICHTENHÉIN, HAMBURG, FERDINANDSTR. 20.
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