THE CHINA AGRICULTURAL DEVELOP- MENT COMPANY, LIMITED.
PROSPECTUS.
The subscription list will be opened on the and day of November, 1951, and close on or before the 23rd day
November, 1931.
THE CHINA AGRICULTURAL DEVELOP- MENT COMPANY, LIMITED:
Incorporated under the Companies. Ordinance 1911.
of
CAPITAL $200,000 HONG KONG CURRENCY DIVIDED INTO 20,000 SHARES OF 810 EACH.
The shares will be fully paid
The shares will be paid for
$5 per share on application on or before the 23rd day November, 1931
$5 per share on allotment on or before the 19th day of December, 1931.
The Dirbotors will be as follows
13
LAWRENCE FETER DOWDALL of No. 8 Des Voux Road Central, Hong Kong. Cran CHAMPKIN of No. 10 Ice House Street, Hong Kong.
WALLACE JOHN HANSEN of John Manners & Co., Ltd., No. 7 Queen's Rond
Central Hong Kong,
One Director to be nominated by Messrs. Ellis & Edgar of No. 5 Queen's
Road Cautral, Hong Kong (the Underwriters)
The Bankers will bo
The Marcantile Bank of India, Limited.
The Auditora will
be
HONG KONG DAILY PRESS, THURSDAY, NOVEMBER 5, 1931.
PUBLIC AUCTION,
PARTICULARS & CONDITIONS
of the Sale by Pubile. Anotion to be held on "MONDAT, the PTH DAY of NOVEMBER, 1931, at 8 M st the Offers of the Public Works
Department, by Order of Hin ExELLENOT THE GOVERNOR, of One
Lot of OROWN LAND near Slaley,
the Colony of Hong Kong. for a term of 75 years with the option of renewal at a Crown Bent to be fixed by the Surveyor of Bis Masksty znx Kine, for one further berm
of 75 year
PARTICULARS OF THE LOT
Bural Building
Lot No. 333
|| No. of Bala. |
Near Rural Building
Lot No. 249, Stanley.
Registry No.
Locality.
G
Boundary
Momeuro-
mants.
As por
mals plan
Contents in
Square feet.
Annual
Beatal.
w Upact Price.
About
008′213
0001...
[1405
54,500
PUBLIC AUCTION.
ARTICULARS & CONDITIONS
Poshe Bale by Public Auction to
be held on MONDAY, the TE DAY of
Moser Lowe, Bingham & Mathews, Chartered Accountants, Nora Queen's NOVEMBER. 1931, at 3 P.X., at the
Road Central, Hong Kong.
The Solicitors will be
1
Offiour of the Public Works Departműnt,
TO-DAY
FROM 3 TO 10
"CHINA" EXHIBITION
IN THE
CITY HALL
ADMISSION
GRAND DISPLAY
FIREWORKS
ON THE
ROYAL HONG KONG YACHT CLUB.
ANNUAL GENERAL MEET- FNG YESTERDAY.
MR. E. W. CARPENTER RE ELECTED COMMODORE.
Sen Rowing. The 10,0/31 season proved œ dẫn. tinet; success and, the considerable increase in the number of rowing membera augura well for the Club's M. prospects at futuro rigation.
The Club made two trips to Crus ton as visitors of the Canton Row- ing Club On Sunday November the 10th five members joined the
C.R.C. in a very enjoyable pions row up to Shek Moon, and on December 13, the Inter Club regatta
The Annual General Meeting of the Royal Hong Kong Yacht Club was held yesterday afternoon at the Club House under the Chair OF manship of Mr. E. W Carpenter, was contented over the Cauto
O.B.E., the Commodore, when a Course. successful year was foviewed and The Club is extranely indebted officers for, the ensuing elected,
sung year word for two how Challenge Cups p The minutes of the last meeting sented during the past season. having been read by the Hon. C. Hall has given a Secretary, Mr. R. J. Vernail, tho
MURRAY PARADE GROUND
AT 7 P.M.
THE BAND OF THE 18T BATTALION,
SOUTH WALES BONDERES
(By kind permission of the Officers) WILL PLAY FROM 8,30 PM. ADMISSION
50 Cente.
HOOVER DEBT PLAN
LAVAL CONFERS WITH
GERMAN MINISTER;
[THROUGH REUTER'S AGENCE.]
PARIS, NOV 3 Ere the plaudits of the Fress and. the public, an his return from America had died down; M Laval this afternoon had a two-hours! conversation with the German: Am. bassador, when he outlined the French attitude in light of his regent Washington talks
M. Flanding the French Finan
M.
ror
cind Minister was present, at, the conversations, in the course of which M. Laval informed the Am
with
the Club he would like to con replicas for each biennial race Chairman aid that on behalf of for Novice Tours together gratulate the winners of the Shang the first win was registered by the hai Interport Rdoc (Applause.) Canton Rowing Club at the Open Thanks were also due to Captain | Krogh Moe for submitting designsing Cruise and we trust that the for new boats.. A new class was plathora latent talent, at present uertainly required to replace the existing in the Club, will be spurred in activity by Mr. Hall's Mr. Carpenter" mentioned that gonorous gift Canton and Manila had been invited | During the past, your the Ge
send representatives for the oral Committee voted sum of THEATRE ROYAL opening cruise of the year, but they 81,000 to in set aside for the pur were unable to do so, although if chase of new boats and cara A was hoped that representatives of four-dar. in now under; construc these clubs would be prosent for tion at A King's yard and the the closing cruise of the season. building of a pair-our will short-
HONGKONG AMATEUR
DRAMATIC CLUB
by Order of His EXCELLENT TI DOVED DEAR
Messrs. WILKINSON & Quist, No. 2 Queen's Road Central, Hong Kong, Nos, of One Lot of CROWN LAND
Solicitors and Notaries.
The Managing Director will be:---
Lawrence Poter Dowdall of No. 8 Des Vinux Road Contra), Hong Kong. The firm of the CHINA AGRICULTURAL DEVELOPMENT SYNDICATE (sometimes called the China Guano Company) was started in November, 1930, and it is this Brm that the Company is being formed to carry on with a larger capital.
The business is the manufacture in Hong Kong of Fertilizers and the sale
of Fertilizers in Hong Kong, China, and elsewhere and such other business as the Directors may from time to time decide.
The Directors confidently hope that after the first year of business the Company's Fertilizers will be firmly establishori in the market and that the Company will then make at least 20% per annum net on the paid up capital. with greater profits as the business increases,
The business will be taken over by the Company as a going concern as from the 17th day of August, 1931, the date of the Inst stock taking and the Company will have the benefit of all profite realized from that date and, as 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 date.
1. Goodwill, including Canton Government permit to import (Huchow), Established Agencies in Canton, Swatow, Amoy, otc, and business conections in Hong Kong; Advertising and propaganda work done
་་
Stock of Guano Phosphate 1,650 tons as per sworn Measurer's" Certificate and Government Analyst's Cortificates of analysis, 820.11 per ton (Current wholesale value of similar guanos and phosphates 835 per ton
3.
Stock of Superphosphate and mixed fertilizers
4.
Cash in Bank,
149
5. Expenses and advertising material paid in advance,
0. Tools and equipment in godown and furniture in office
7. Sundry Debtors,
Less Sundry Creditors,
Actual purchase prica 807,200.00
$10,000.00
$48,030.50
2533.22 20:724.00
$435.00
8340.82
$1,933.50
$58,005.03
$67,200,00
Cheung Sha Wan, in the Colony of Hong Kong, for a term of 75 years, commending from 1st July, 1898 with the option of renewal at a Crown, Rout to be fixed by the Surveyor of His MAJESTY THE King, for ons fürther term of 24 yeare less the last throa daya thereof."
PARTICULARS OF THE LOT.
No. of Sale
Kowloon Inland
Castle Peak Road.
Begistry No
Locality.
Boundary
Measure
monta.
Ift ft. ft (ft)
As per
salo plan.
Square feet
Annual.
Rent
Į. Contenta în
Upset Price |
About
· E.
11,980
| 10
161
[1400
23,760.
PUBLIC AUCTION, 8005.03 PARTICULARS & CONDITIONS the Sale by Public Anotion to be held on MONDAY, the 9TH. DAT of NOVEMBER, 1931, at 8 PM, st the Offices of the Public Works Depart. ment, by Order of His ExCILLIOT THE GOVERNOR, of One Lot of OROWN LAND at Choung Sha Wan, in the yours, commencing from 1st July, 1808, with the option of renewal at a Crown Rent to be fixed by the Burveyor of Ha HAY THI KINO, for one farther term of 24 year less the last three days
Agency Agreements exist and are in force with reliable people in all the contros mentioned above and in every case whore goods are supplied on credit
uitable Bank or other guarantees are held for payment whon duc Colony of Hong Kong, for a term of 78 Agency for the New Territories and part of the adjoining part of Kwangtung Province has just been given to a very reliable man in Taipo Market. The Fertilizers are well known in Hong Kong and appreciable quantities are taken by the leading Gulf and other sporting claim.
The stock of Guano Phosphate is valued on the basis of the content of Phosphoric Acid (P0's) supported by Cartificates of Analyses by the Hong Long Government Analyst and in comparison with recent quotations from thereof. several other sources of supply of phosphates of approximately the salke chemical content.
As regards the working capital, it is considered that the amount to be aised out of the proceeds of tho share now offered for subscription, $17,500.00. plus the amount represented by the stock, cash in Bank, etc. (see above) will amply suffice for the Company's wants.
Mesara. Lowe, Binglum & Matthews, Chartered Accountants, have recent
No. of Sale.
PARTICULARS OF THE LOT.
Registry No
Locality.
ly made a special investigation and have given a certificate that they are satisfied that the retail selling price of the stock of Guano Phosphate is considerably higher than the price at which the Company is buying, 329.11T (wee above). Copies of this Certificate may be soen at the Offices of the Vendora,
of the Auditors and of the Solicitors.
16 Is proposed to continue the busiucas without break or interruption, the services of the present Managing Partner, Mr. L. Dowdall, the retaining the Agronomist, Mr. J. Watson; and the staff who have largely contributed to the
success of the buriness.
4
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 acting will retain an interest of at least 600 shares (26,000) in the capital of the Company
act.
The other Directors will rotain at least 100 shares ($1,000) cach while they
The purchase price for the sale of the above property has been fixed by the verdors, who are the promoters of the Company, at $87,200.00, of which only $10,000.00 is for the good will. The purchase price will be paid in shares of the Company in the following proportions:
L. F. Dowdell, Esq
4,800.00
1,200.00
New Kowloon Inland
Lot No. 1852.
Castle Peak Road,
Tho
8, Queen's
W.
J. Hansen. Head Central, Hong Kong,
144 shares of 810 oach, $14,420.00
460
C/o John Manners & Co., Hong Kong.
C. Champkin, Esq.,
048
Hong Kong Club, Hong Kong
Chan Ngan Esq.......
190
Terrace, Hong Kong."
H. S. Hills
120,
Hong
Club, llong Kong.
Captain
GO
Royal Army Ordinance Corps, Shanghai
Chau Tang Esq...
China Building, Hong Kong.
Sum Pak Ming, Esq.
940
240.
280 Dos Voeux Road, Central, Hong Kong.
Dr. S. 8. 8tralian, Esq.
10, 1200
Folii Taq
A. Kollin, Esq.e
Alexandra Building, Hong Kong.
120
Road, Hong Kong.
600
9, Queen's Road Central, Hong Kong.
00
3,600.00
A
foot
H. L. Dennys, Esq
B, Des Voeux Road, Central, Hong
J. Watson,
LITHO
B
TE
Road, Bong Kongs
Esq.
Road, Hong
Esq.
Queen's Building, Hong Kong,
King's Hong Kong
Major H. B. L. Dowbiggin, 0..E..
• Hong Koxy Club, Hong Kong.
Boundary. Mozgure.
ments.
As per
salo plan
WE MUZITO
Square feet.
038*11
23 760
Annual
Ront
Upset Price.
164
L1407.
BRUTUS
SIR JAMES BARRIE
Booking at Anderson's
:21
present one.
to
Tho bowl season had been satisfy be put in hand. fying, and all who participated in the games had had a most enjoy able time.
The Lady Fencers. The fencing, said the Chairman, was going strong, and it was nice to see all the young ladies coming to the Club week after week.
Two new sots of oars and swiyei outriggers have been ordered from England The suggestion of ston dardizing boate was forwarded to the Victoria Recreation Club and the Canton Rowing Club, to which the former have agreed.
As will be seen the boats at pre-
ing the normal Young Plan regime. bassador of the French viewpoint regarding the question of substitut for the existing Hoover debt holi
day
now communicate the substance of The German Ambassador vill the converantions to Wilhelm strasse, and it is expected in duo course that he will inform of Laval
of the German Government's reply.
SOUTH AFRICA RUGBY TEAM
"RECEIVED BY HA: THE KING
(BRITISH WIRELES). SERVIOR}
RUGBY, Now, The South African Rugby foot ball team at present touring Britain were received by H.M. the King at
Thanks of the members were dia sent in use havo. passeil their. Best Buckingham Palace-to-day,
years and the Rowing Committee. to the men who had presented books Tool that at some favourably p to the Club.
portunity an appeal might be laun The annual report was as folched with the cbject of replacing, lows:
them,
Lawn Bowls,
Mr. Bentey's Comments,
Mr. J. Bentley said:At the out set I remind you that I am addivas- The condition of the Bowling ing you as an ordinary member of Green particularly at the cow the Club and not as one of the mencement of the season was far Honorary Auditors which I hap- from satisfactory, and in order pened to be this your, I think the that we should have a supply of position of the Club as disclosed by good turf at hand for re-turfing as required, the banks on two sides of the Green were re-laid with new turf during the Summer months. It is hoped in this way to obtain
November 14, 17, 19, 20 & 21 The number of Bow members
at 9.15 p.m.
elected during the year was 44 and 41 subscribers. During the year His Honour Sir Joseph Kemp, Matinee on November 18 C.B.E., was invited to become an Honorary Member of the Club,an at 5.15 p.m.
invitation which was accepted.
The Committee take this opportu nity to again stress the need for more yacht owners to take out Admiralty warrants to Ay the Blue Ensign of the Club. The warrant is at present held by eight inema supply of good turf for the bad bers only. As stated in last year's patches on the greon. report the yachts of Club members will be incasured and registered by the Authorities at one half the re gular fees whilst forms of applica tion for the warrants can be obtain ed from the Hon. Secretary and the Hon, Sailing: Secretary.
[1293
CREDIT FONCIER D'EXTREME ORIENT. MORTGAGE BANK, AND ESTATE
APREZE
PEAK MANSIONE? Six-roomed & Fire-roomed Apartments
PRINCE EDWARD ROAD. KOWLOON,
Detached and Semi-detached Villas Modern Construction with Garage,
M
" CAMBAY BUILDINGS Tinte will Modern Conveniencas.
中
Speakers,
Singers,
Athletes
TRY
VALDA
PASTILLES
239 POLKIT Will' Mintipk) yom
On Sale, st, all. Chomista..
& Druggin
INS187 on the boresbearing. the name VALDA.
the annual accounts may be con sidorod as satisfactory although, possibly, some members would have liked to have seen that balance of 348.02 of the Income and Expendi ture necount as a credit balance on the other side of the shoot. Against this une must not lose sight of the fact that the entrance fees, which amounted to 81,100, are not placed in the revenue account at all but are transferred to the Reserve. Account in the balance sheet.
The actual cash position shows a reduction of approximately 89,000 as compared with the previous year, but during the year under review 81:700 was spent on the new boat
Monsoon" and debentures ware.
During the year the interest of Members bas been well maintained and, as an increasing number are taking up the game, it augurs well for the future. The practico games on Tuesdays and Thursdays have been wall supported mid enjoyid During the year the conditions by the participants. The Club and regulations of those races were tered a team in the second die reviewed and amended and the son of the Bowls League as in thanks of members are especially the past and the members much an due to Captains Darison, Skinner preciated the games provided. The and Johnatone for their co-operation Club finished. 5th on the list, redeemed to the extent of 8400, The and valuable suggestions in this. The "Shicide" Hong Cup. Com-Monsoon expenditure ja expect-" wark:
petition provided some good games,ed to repay itself in course of time The Feusing "Club continues to the winners being Messrs. A. and show a profit..... flourish and the Committee on be Elevenson and A Macfarlane and The assets are down by about 8400. half of the Club with them con- the runners-up Hon Mr. HT but the amount written off for de- tinued success. The Fencing Club Creasy and Mr. E. W. Carpenter.preciation in all is about 81,700, so is of special interest to members in After the "Annual Bowling Dinner that drop need not cause any worry, that they hold their meetings in in October, 1030. in lieu of the I do feel, however, that there is the Gymnasium on two nights customary concert, Bowls were aut no reason why the balance of the week under permission from the cessfully played under food light annual revenue account should not General Committee.
it is hoped to repeat the expert be a small credit instead of a debit Following the sale of Typhoonment again this year..
as has been tho ense for the past two years, and I respectfully suggest to the incoming committee that they give this matter their consideration,
In the report reference is, of n
as announced in last year's report. The Committen have to record and as the continuation of the with deen regret the death of Mr Club's policy, a new boat of George R. Edwards: his sterling similar class has been launched werk as Convener and Secretars under the name "Monsoon.' In of the Bowls Sub-Committee forsity, made to the new charge item connection with this, the Club's some six years will long be remenof 9000 paid to our treasurera for thanks are due to our Bear-Com-bered and his cheery presence at their valued services As you are modore Mr. B. S. Rouse and Mr. our games is sadly missed. aware, this yearly fee, which is a V. Goulborn for their untiring efforts in the design and during the building of the boat.
Dr. Minett Presents Cup. Dr. E. P. Minett who took great interest in the Club's activities has
During the year the Club House recurring one, was sanctioned by lng been maintained structurally in you at the last annual meeting, and a good state of repair and, with the having seen the accounts I can may exception of the seawall, we were thas Mr. Leckie and myself consider fortunate in escaping any material they are not overpaid for their damage during the two Typhoon services.
blows. Following, the dishand- |- now left the Colony and the Gening of the Ex-Active Service Men's Mr. Carpenter: Again Commodore,, eral Committee wish to place.. on record their keen appreciation of Association Club there arose an
opportunity for the Club to acquire, all he has done and also to record their tables and chairs, This was the Club's thanks for the handsome done, and a considerable saving in Challenge Cup for sculling and the costs of the various Club functions rowing machino presented by him made possible.
before he left.
connte laving been adopted unani w/ The report and statement of ne mously, the following officers for the ensuing year ware elected..
Hi Commodore Mr. EW Car
ponter was, re-elected by a very popular vote. He briefly, thanke "the "mceling for the honour they had bestowed upon him for yet an other year.
Vice Commodore-Mr.HS Rousey
The Club's thanks are due to The donors of various fittings, Capt. Krogh-Mor for his assistanco etc. in the Club House have been in the matter of the proposed new permanently commemorated by the The business will be taken over subject to all existing trio contracts. eines of rating yacht and in retain, fixing of silver and brass plates Those are of the ordinary trade character.
ing Mr. Anker's services in their recording their names and the date of the presentation in close pro The minimum subscription on which the Directors may proceed to alle design. ment is 11,500 shares, ($115,000.00) including the shares already applied for by
The thanks of the Club are also ximity to their gifts,
The library this your contains 85. due to Mr. R. J. Vernall, the 9,580.00 the Syndicate, (807,200,00 as above.)
Rear Commodore:-MYT. ER. shares now offered for subscription have been underwritten by Hon. Secretary, and Mr. M. I. De books dealing with yachting and in Shaw. Measre. Ellis & Edgar of & Queen's Road Central, Hong Kong, for a commis Ville, the Assistant Hon. Secretary, Rees has vory kindly given forly Asst, Hon Bee-Mr. M. I. De
sea and 180 novela Mr. Parker Hon. Boo-Mr RJ, Vernali. at the rate of 5% on the amount thereof and such cocommission. In payable by and to Mrs. Rouse, the Hon. books and Mr. Grist twenty-five. Ville 200.00 the Company.
The
is to Company
the preliminary expenses of and incident to the Librarian, for their hard work in
"The Field," "The Sphere," and Librarian-Mrs. I. 9. Rouse 000.00 formation and floating of the Company including the underwriting commission the interests of the Club and its one nove are passed on to the 18h Sailing Committers-Commodore
mentioned above. The estimated amount of the preliminary expenses is members
Although the nocounts show a Heavy Battery, Lyemun, every A. H. Walker, O.B.E., R.N., Lt. 84,000,00 2,400.00 84,000 contret for the sale of the business is dated the 21st day of Septom debit balance of 365.68 on the year's Thank you very much, indeed for Mr. F. D. Tracy Mr V. Goulbern, week. The 0.0. in his letter says ColWN.. Stokes. 0.B.ED.SC., Development Syndicate working, it should be borne in mind 2,400.00 Dor, 1931, and made: between the China Agriculture The contract includes that the item of $600 for Treasurer arranging to set aside the books and † Mr. B. Naess: Mr. C. E. L. Grist.
of the one part and the
Company of the other pa
magazines for our Battery Reading.
Rowing Committes:-Mr. H, W. appears for the first time in the Room. The kindness of the Yacht Dulley, Mr. R. Schmidt, Mr. K. S 12,000.00 the items stated above
Articles of Association provide that the qualification of a Director is balance sheet, also the drop in ex Club in giving them to us is very Robertson, Mr. G. T. Padgett, Mr. The
of 100 ordinary shares in the Company, (81,000.00) The change has resulted in the cost of much appreciated by all ranks. D: F. May, Mr. G. 0. S. Thomson. 1,200.00 to be the holding of
remuneration of the Directors and of the Managing Director is to be fixed by the provision of teas at the open need hardly tell you what differ General Committes-Commodora 4,000.00 the Company in General Meeting.
Copísa
of the Memorandum and Articles of Association of the Companying and closing cruises and various
something to occupy their em Col. W. N. Stokes, O.B.E., D.8.0. 600.00 can be inspected at the office of the Solicitors of the Company or at the offices non-local requirements going up in ence it makes to the den having A. H. Walker, O.B.E.3 RN, L6
costum of the underwriters at any Memorandum of Association is printed at the that the subscriptions show an in. If members could and would bring born, Mr. G. G. 8. Thomson; Mr.
during business hours.
A satisfactory feature is the facting M, O.E. L. Grill, Mr. V. Goul. Company's Prospectus and forms a part o or top
olit
with to the Club House, the libran Application for shares should be made upon the form accompanying the crense of 432 (exclusive of life their own periodicals when finished Prospectus and sent to the Company's Bankers, The Mercantile Bank of India, members) over 1931 and it is there: an will see that the papers are in
fora anticipated that with oooo Limited, together with a remittance of the amount of the deposit
Where no Allotment is made the deposit will be returned in full and where mies the Club will show a credit cluded with the soldiers' weekly
packet, 3,000.00 the number of shares allotted is less than the member applied for the balance Bilance for 1033; a money lying in The Annual Report and State
of the deposit will be applied towards the remaining payments,
As the Club had 1,200.00 Failure to pay future instalments on shares allotted when due will render the Bank at a low rate of interest ment of Accounts having been read,
provious payments liable to forfeltar p
Four Committee bought two Hong the haircut and belted ones Prospectus and forms of application can be obtained at the offices of the Kong and Shanghai hank shares as uflon the accounts, and invited gues Company, of the Company's Solicitors or of the Underwriters.
shown in the balance sheet upon tions from members upon any point This prospectus luss-boen: duly filed with the Registrar of Joint Stockach one interim dividend has been they wished to have leared up... Companies
(Continued on next folums) Dated this 2nd November, 1931.
[1401
1,200.00
1,200.00
0790 shares of $10 each,.
07,200,00
of the
received.
Mr. H, W. Dulley, A GT. May. Mr. G. T. Padgett and vote of thanks to the out-going. clamation, as was proposal that. committee was carried with o L Shields Dafabed as pleasant journey, home on, leave and a speedy return
Al
A hearty vote of thanks having been accorded the Chairman, the business of the meeting ended, and that gathering dispersed,-
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