1931-11-03 — Page 11

THE CHINA AGRICULTURAL DEVELOP MENT COMPANY, LIMITED. PROSPECTUS.

The subscription list will be opened on the 2nd day, of November, 1931, and close on or before the 23rd day. November, 1931

THE CHINA AGRICULTURAL DEVELOP- MENT COMPANY, LIMITED.

Incorporated under the Companies Ordinance 1911 CAPITAL $200,000 HONG KONG CURRENCY DIVIDED INTO 20.000 SHARES "OF $10 MACH.

The shares will be fully paid

The shares will be i

paid for

$5 per share on application on or before the 23rd day of November, 1931

85 per share on allotment on or before the 19th day of December, 1931.".

The Directors will be as follows:—

LAWRENCH PETER DOWDALL of No. 8 Des Vaux Road Central, Hong Kong.. CYRIL CHAMPKIN of No. 10 Ice House Street, Hong Kong,

WALLACE JOHN HANSES of John Manners & Co, Ltd., No. 7 Queen's Road

Central, Hong Kong

One Director to be nominated by Messrs. Ellis & Edgar of No. D'Queen's

Road Central, Hong Kong (the Underwriters)

The Bankorn will be ----

The Mercantile Bank of India, Limited:. ·

The Auditors will be:---

Messrs. Lowe, Bingham & Mathews, Chartered Accountants, No. 3 Queen's

"Road Central, Hong Kong.

The Solicitors will be start

Mears. WILKINSON & GRIST, No. 2 Queen's Road Central, Hong Kong,

Solicitors and Notarica“

The Managing Director will be

of

Lawrence Peter Dowdall of No. 8 Des Voeux Road Central, Hong Kong. The firm

the CHINA AGRICULTURAL DEVELOPMENT SYNDICATE (sometimes called the China Guans Company) was started in November, 1030, and it is this firm that the Company

is being formed to carry on with a larger capital. The business in the manufacture in Hong Kong of Fertilizers and the sale of Fertilizers in Hong Kong, China, and elsewhere and such other business se the Directors may from time to time dedica." •:

The Directors confidently hope that after the first year of business the Company's Fertilizers will be firmly established in the market and that the Company, will then make at least 20% per annum not on the paid up capital with greater profits as the business increnaca.

The business will be taken over by the Company as a going concern as of August, 1931, the date of the last stock taking and the from the 17th day the benefit of all profits realized from that dato and, as will Company will be seen from the following account, the benefit of the value of the stock which is by far the most valuable asset which the Company is taking over at a very conservative price,

The property to be transferred to the Company will comprise the follow

ing items, constituting the whole capital of the business at the abovementioned dato.

1. Goodwill, including Canton Government, permit to import

(Hashow), Established, Agencies in Canton, Swatow, Amoy.

eta and busiaste conections in Hong Kong; Advertising and propaganda work done

2. Stock of Guano Phosphate 1,650 tons as per storn Measurer'

Certificate and lovernment Analyst Certificates of analytis, @$28.11, por ton (Current wholesale value of similar gunbos and phosphates 835

$35 per toner N

3. Stock of Superphosphate and mixed fertilizers

4. Cash in Bank

6. Expenses and advertising material paid in

Tools and equipment in godown and furniture in office Sundry Debtors,

Low Sundry Creditors,

Actual purchase prica. 367,200.00

848,036,50

8632.39

$6,724.99

$435.00

$340.88

· $1,973,50

$88,005.03 $005.03 867,200.00

Agency Agreements exist and are in force with reliable people in all the centros mentioned above and in every caso where goods are supplied on oredit suitable Bank or other guarantees are held for payment when dus. An Agency for the New Territories and part of the adjoining part of Kwangtang Province has just been given to very reliable man in Taipo Market. Tho Fertilizers are well known in Hong Kong and by the leading Golf and other sporting aluba appreciable quantities are taken

The stock of Guano Phosphate is valued on the basis of the content of Phosphoric Acid (P104) supported by Certificates if Analyses by the Hong Rong Government Analyst and in comparison with recent quotations from saveral other sources of supply of phospliates of approximately the same chemical content.

As regards the working capital, it is considered that the amount to be raised out of the proceeds of the share now offered for subscription, $47,800.00 plus the amount represented by the stock, cash in Bank, etc. (168 above) will amply sufice for the Company's wante

Mesars. Lowe, Bingham & Matthews, Chartered Accountants, have recent ly made a special investigation and have given a mortificato that they are

HONG KONG DAILY PRESS. TUESDAY, NOVEMBER 3, 1931.

LONDON STOCK EXCHANGE

ADVANCES IN LEADING

BRITISH FUNDS.

HIT THE WRONG PERSON MODERN JAPANESE ART

CHINESE BOUND OVER FOR ASSAULT.

When a Chinese was charged be

KOMORAS ANNUAL EXHIBITION

A glimpse, afforded yesterday ford Mr. W. Schofield yesterday before the pictures were hung, of London, October 23-The stock

with assaulting a female worker the collection of modern Japanese market showed considerable strength employed in the Chung Sen Knit water colours which will be on throughout the day, based on anti- ting: Factory, Inspector Rogers view on Wednesday and after cipations regarding the political told the Court that it was a caso Komor's, was extraordinarily in situation.MA

Leading British funds made gen-of "mistaken identity that had teresting cral advances ranging from a led to the trouble. guarter to one point, with War It appears that the compisin- spring and autumn at Komor's and These exhihitions are hold every Loan five per cent quoted fiveint was working overtime eighths higher at 100th

was very firm

on

all the factory she was accosted by the pictures are as good as ever Saturday night, and when she left are always wall attended, this year the defondent who said: You are had there are among them a few ler's dismissal," and without fur the woman responsible for my alswhich ranch a higher standard than

Home Industrial movements favoured heiders and the market In the foreign exchange section Sterling showed ronowed strength

Latest Quotations by Wire.

London Oot. Oct. 24 26

1913,

01

09.

Chinese Govt Bonds:

8% Roorga.

London

bar 1996 English ......

5%. 1993 German

40%, 1809 English

41% 1009

ther ado, he began to bont her tall usual. It is interesting to watch she fell to the ground, Her eries the development of the art of the

THE FOLKS AT HOME

ALWAYS APPRECIATE

China Tea from China

SEND THEM SOME FOR-

THIS

CHRISTMAS

PRODUCED BY

THE CHINA TEA CO.

ESTABLISHED OVER 60 YEARS,

Make your solection from the following varieties of Keomun Toa, Bankow. To and Foochow Tea oach packed. In quaintly

painted boxes.

for help attracted the attention of regular exhibitors Terabuchi, whe PRICES INCLUDE POSTAGE AND ALL CHARGES

her daughter, and the police wate sent for..

three or four years ranked as a

The defendant was very sorry beginner, now exhibits the best pbrut it, saying that he had got work. Yamamoto whose portrait hold of the wrong person but the work was remarkable for its ex- 61Magistrate intimated that he wan

9999 08

77 79

45-55 45-55

30

40

78

78

64 60

0 1919 5% 1023 Imperial Rly. 5. B.N... 8% Canton-Kowloon 5% 6-1 6-12 13-33 33-38 TienteinPukow 5%. 10-15 10-15 Tiontsin-Pukow 56

2nd 10-18 10-15

S'hai-H'chow-Ningpo.

Hukuang 6% Honan 6% Lunghat 5% Marconi 9% Vickers 8%

H. & S. Bank,... Chartered Bank Mercantile Bank .... 1.C.S.N. 6% cum Prof. I.C.S.N. def. "ord Culn Kalumpong B.A.T Co. Reg Shell T&T. Reg. P. &-O. def. Jap. 5% Loan, 1907 (Continuet on next

inclined to take a serious view of quisite draftsmanship and charar. the offence. He ordered the defen-ter, has passed on and his place is dant to pay 825 compensation to taken by a woman pupil Ryoko, the woman, failing which he would

At present her

be given a month'a hard labour who may possibly reach the level He was further ordered to proof her master," duce #100 cash security to bo of good behaviour for one year, other wise he would have to serve an ex- bra two months' hard labour.

60-70 60-70

Tap. 6% £ Loan, 1924

18:20 15-20*

8-13 8-13

Chi. Eng. & Mining... Consola

War Loan, 5%

· 196

Victory Boada, 4%

...

6-1 6-11 5-116-11 103 105

Canadian Pacific

German 7% Int. Loan

Br.

13 19

10

18

Bhai Elec, Con.

བྷ་ ་ 5

0/6 6/3 69/0 83/11

93

work, though like his, is less strong and shown a want of confidence both in drawing and colouring.

Auki has sent some charming have the ghost-like white flowers river side scenes several of which

that he paints so effectively."

911 911 /9 98/9 361 57 90 300 Terabuchi has excelled himself 190 in a wonderful moon lit scene on the sea shore with fishermen pull- ing in a drag act, though it is hard to say that this picture" is botter than a moon. lit scene of h village huddled on the shores of a lake, or an exquisite picture, also revealed by the light of the moon, of cherry trees in full blossom

0487 50/30/-

Unofficial quotations; Imperial Chemical Industries, ordinary, 18 3d.

Courtaulds, ordinary, 42, 6d. 5/7 43/9 Dunlop, ordinary, 19. 27/0 27/6 Cables and Wireless, "B. £14,

78 79

168..

"A" £23, 15s., proference, Column.> £31.

An oil painting of a Hong Kong street scene by Ozaki will also attract attention.

A.0. F. C. Average of Shanghai Stocks

COMMENT ON A.0.F.C. AVERAGE.

TWENTY MEPRESINTATIVE

·STOCKS

satisfied that the retail selling price of the stock of Gunno Phosphate is in the Shanghai yaarket have co- considerably higher than the price at which the Company is buying, $20.11 (see above). Copies of this Certificate may be seen at the Offices of the Vendors, of the Auditors and of the Solicitors.

Sharp recoveries of stock prices cured in the last several days, and the A.O.F.C. Average has moved It is proposed to continue the business without break or interruption, impressively from the 25,34 a recent retaining the services of the present Managing Farmer, Mr. I. Dowdall, the low point, to 25.91. It seems that Agronomist, Mr. J. Watson, and the staff who have largely contributed to the the market is now definitely re- success, of the business,

took place between September 19 covering from the long decline that and October 23.

The Managing Partner of the firm, Mr. L. Dowdall, will act as Managing Director of the Company, it is hoped for a long period, and while so noting will retain an interest of at least 500 shares (85,000) in the capital of theị ¡Company.

act.

The other Directors will retain at least 100 shares (81,000) nach while they The

e price for the sale of the abovo, property has been fixed lay the veriors, who are the promoters of the Company; at 667,200.00, of which only 810,000.00 in for the good will. The purchase price will be paid in shares of the Company in the following proportiona:

L. P. Dowdell, Esq.

Traders had anticipated difficul- ties in carrying securities over the

in

İstici Onertal Finance Conten

October 27 Settlement Day of this | month, and there was a broad and Services Transactions of good profits, are expected in Stores movement to reduce marginal hold Realty and Land, companies in ings to a minimum. "The policies dicate, continued progress and the basis before Settlement Day Arriv. The strained commercial relations counts were reduced to a very sound and Insurance companies, became so conservative that acsame can be said of Banks, Loan

ed. As a consequences of this drastic with Japan exert an unfavourable delation, firming, tendencies de influence, but this is not expected veloped even before the time came to check further recoveries in stock to meet October contracts

prices. There is ample evidence of con conditions still rule with regard to fidence in the future for favourable AO.F.C. Average follows:

The statistical record of the

January 6 24.10 try and commerce, Activity in Recent low points October 23 25.34 many phases of Shanghai's indus-High for year. September 19 28.68 manufacturing has not abated and

October 20 28.01

The business will be taken over subject to all existing traile contracts | CREDIT FONCIER D'EXTREME. These are of the ordinary trade character.

ORIENT. MORTGAGE BANK AND ESTATE AGENTS.

1442 shares of 810 each, #14,120.00 The minimum subacciption on which the Directors may proceed to allot 8, Queen's Road Central, Hong Kong.

ment is 11,600 shares, (#116,00000) including the shares already applied for by 450

4,800.00 the Byndicate, (307,200.00 as above.)

W. J. Hansen Esq......

d. Champkin, Esq

Cia John Mannem & Co., Hong Kong

958

Hong Kong Cach Hong Kong,

J.S

Chan Ngan Ting, Eag

6, On Hing Terrace, Hong Kong.

Kong Club, Hong Kong.

Captain 8.1

Royal Army Ordinance Corps, Shang

Chau Yun Teng, Esge

Sum Pak Ming, Esq

Weir,

120

Chins Building, Hong Kong.

Dr. B.B

·∙Facy

Des Your Basil, Central, Hong Kong. Strahan,

240

1200

A Rollin, Lag

Felix M. Ellin

Bac

Eaq

8

Des

J. Watson, Esq.

8.

Li Teo

The shares now offered for subscription have been underwritten by 9,880.00 Messra, Ellis & Edgar of a Quson's Road Central, Hong Kong, for a commission

at the

rate of 5% on the amount thereof and such. commission is payable by 1,200.00 the Company at ang bu

The Company is to pay the preliminary

of and incident to the above 10 este company thing the underwriting commission estlasted amount of the preliminary expenses: is

the 21st day of Soptom

∙1,300.00 4ANS

600.00 $4,000,00

expenses

The content for the sale of the basins is dated the 21st day of

bor, 1931, and made between the China Agricultural Development Syndicate

9,400.00 or 1031,"

of the one part and the Company of the other part. The contract includes 2,400.00 [the items stated above, NE

provide that the qualifloation of a Director is The Articles of Association provide 19,000.00 t be the holding of 100 ordinary shares in the Company, ($1,000.00). The

remuneration of the Directors and of the N

Managing Director is to be fixed by 1,200.00 the Company in General Meeting.

Copies of the lemos af the Solicitors of the Company or at the offices Memorandum and Artiles of Association of

of the Company

·000

4,000.00ean

be

600.00

380

Building, Hong Kong.

7 Peak Hond; Hong Kong-

Queen's Road Central, Hong Kong.

H. L. Dean, Road, Contral, Hong Kong.

Queen's Road, Hong Kong.

9, Seymou

Road, Hong Kong.

L. S. Greenhill, Esq

Queen's Building Hong Kong.

T. E. Poarce, Esq.

121

King's Building, Hong Kong. Hong Kong Cialt, Hong Kong

Major HBL Dowbiggin, o,

of them at any time during business hours'

A copy of the Company's Memorandum of Association is pa foot of the Prospectus and forms a part of it

printed

"at the

3,800,00 Application for shares should be made upon the form accompanying the Prospectus and sent to the Company's Bankers, The Marcantile Bank of India, 1,200.00 Limited, together with a remittance of the amount of the deposita

Where no allotment is made the deposit will be returned in full and where 1,200.00 the number of aliares allottol is less than the number applied for tie balance

of the deposit will bo applied towards the remaining paymontaj

Failure to pay fature instalments on aliares allotted when due will render provious paymente liable to forfeiture, je d

Prospectus and forms of application can be obtained at th Company, of La Company's Bolicitors or of the Underwriters pesain

een duly filed with the Registrar of Jmni Stack. Companies, iza

Dated this and November 1931,

3,000,00

1,200.00

the offow

Mogadi kimurariosportna? has been

0790 shares of $10 each.

200.00

#PEAK MANSIONS" air-roomed & Five-roomed Apartments

PRINCE EDWARD BOAD,

KOWLOON,

Detached and Semi-detached Villas Modern Construction with Garage,

*CAMBAY BUILDINGS" Vists with Modern Cowenieners,

Coming to the King's

DADDY LONG LEGS

JANET GAYNOR WARNIR BAXTER

(To United Kingdom)

7-lbs. Painted Wooden Box

5 lbs. Painted Wooden Box

3-188 Painted Wooden

Bot

(1) Keemun Black (1) Keomun ek (28) Kecmun Black,

¿ Tea 120.00leider Tca 314,70 -14,00 16:50] (2)

10,40 (3) 14.40 (8)

Tea $10,00 28.50 7,60

(1) Hankow Black || (1) Hankow Black" | (1) Hankow Black

Tea $16.30 A Tea $12.00

Ten 48.40 14.60 (2) ་་་་

10.40

7.60 (1) Foochow Black (1) Foochow Black (1) Foochow Blac

Tea $15,60

18.70 (2)

13.00) (3)

Ten $11.40

10,00 9.40

Tea

$77.00

The number given abore represent the various qualities. Send the Tea, and your friends will receive your

Christmas

ALL CHARGES PAID

7.80 2400

THE CHINA TEA CO.

DAVID HOUSE, I, POTTINGER ST., HONG KONG. TEL. 24697.

KOMOR & KOMOR

AUTUMN EXHIBITION

of

WATER COLOURS and OIL PAINTINGS

PICTURES

BY THE FOREMOST ARTISTS OF JAPAN

10 DAYS ONLY

Prices ranging from three dollars upwards. Most suitable for Wedding or Christmas Presents

KOMOR & KOMOR

ART AND CURIO EXPERTS YORK BUILDING-

CHATER ROAD (Next door to Kelly & Walsh)

MONEY RAISING SALE

Everything at cost and below cost.

The B-B-C-Company

Hurry

13, Ice House Street.

your share of the bargains.

LATEST GRAMOPHONE

RECORDS

are obtainable at

THE WING ON CO., LTD.

(Music Department).