1934-09-21 — Page 11

This Prospectus has been filed with the Registrar of Companies, pursuant to Section 36 of the Companies Ordinance 1932.

The subscription list will be opened at 10 a.m. on Fridav, the 21st day of September, 1934 and will be closed at or before 3 p.m, on the same day.

The Hongkong Land Investment and Agency Company, Limited.

Incorporated on the 2nd day of March, 1889 under the Companies Ordinances of Hongkong.

Authorised Capital $10,000,000.00 divided into 400.000 shares of $25,00 each. Issued and fully paid-up Capital $7,500,000.00.

pue of $2,000,000.00 4

per

cent.

Debentures at Par.

THE

HE present Issue of $2,000,000.00 worth of Debentures now offered for subscription at par forms part of a series of $5,000,000.00 worth of Debentures created by a Resolution of the Board of Directors passed in accordance with the provisions of the Memorandum and Articles of the Company. The present issue of $2,000,000.00 now. offered for subscription and any further issue of the balance of the series or any relssue will all rank pari passu as a first charge on "the undertaking, property and assets of the Company both present and future without any preference or priority, one over another and such charge is to be a floating security,

The Debentures now offered will be issued in denominations of $5.000.00. $1,000.00 and $500.00 each. respectively.

Repayment.

HONG KONG DAILY PRESS FRIDAY, SEPTEMBER 21, 1934.

NEWS FROM CHINA

LEAGUE COUNCIL SEAT

FOR CHINA?

Non-Election May Lead To Parting Of The Ways

(From Our Own Correspondent)

Shanghai Sept. 14. In the last few days the Chinese. Press have been solidly advocat in the claims of this country to retain her non-permanent seat in the Council, contending that from every point of view China's case is so overwhelmingly superior to Turkey's as to permit of no indeci- sion in the League, unless the League has made up ita mind to turn its back on China...

Y

and attained a stability unques- tioned. Rapid Improvements in internal, administration have been effected, and the recent internal

and external troubles are only evi- dence of a last desperate struggle by. reactionaries and snemies, in the one case to save themselves from extinction, and th the other to oppress this country before she has sumciently recovered to be able to reset aggression, Japan Recalling China's consistent sup has studiously been opposed to all port of the League and her un- attempts of this country at recon- swerving loyalty to its principles struction, and her April 17 state- throughout the past years of crisis, ment is nothing less than a veto the influential "Chen Pao." con against the League,'s technical tends that the exclusion of this cooperation. China is only in- country from the Council will only terested in demanding her legiti result in the same degenerating mate place under the sun, and Into a purely European alliance, since the continuance of her mem- and inevitably cause China's com- bership in the Council is indispens- The first payment of interest will be made on the 31st day of March, 1935, calculated from the date of allotment and thencetor- plete disillusionment in the sin-able if the closest contact with ward half-yearly on the 31st day of March and the 30th day of Sep-cerity of that body towards her as the League is to be maintained and the co-operation programme tember, in each year

not suffer, she claims this as her due under the Covenant.

All the. Debentures now offered will be repaid not later than 30th September 1954, at par but may at the option of the Company te redeemed at par elther on the 30th September 1944, or on any date thereafter Aked for payment of interest by giving six calendar months' previous notice.

Interest.

Debentures will be transferable by duly registered transfers in the form prescribed. The Register of Debenture Holders will be kept at the Company's Registered Office, Hong Kong.

PROSPECTUS:

The Hongkong Land Investment and Agency Company, Limited. is well-known throughout the Far East and is a British limited Company Incorporated on the 2nd day of March. 1889, under the Companies Ordinances (Hong Kong) for the purposes set forth in its

Memorandum of Association.

The proceeds of this issue (together with the proceeds of any further issue or re-issue of this series) will be employed generally in 'carrying out the plans of development already in progress on the Company's properties and for further working capital as may become necessary in connection with the business of the Company. In par- ticular such proceeds will be employed in buliding a block of modern flats in Bowen Road and in rebuilding Queen's Road premises of the Company.

#

There are no outstanding mortgages or charges against the Com- pany's assets.

The accounts of the Comparty have been audited by Messrs. Percy Smith, Seth & Fleming" of Bank of Canton Building. Hong Kong, and by Messrs. Linstead & Davis of Gloucester Building, Hong Xong, joint Auditors of the Company whose Report for each of the three completed financial years immediately preceding the issue of this Prospectus as regards pronts made by the Company and divi- dends pald is as follows:-

AUDITORS' REPORT.

The Chairman and Directors,

가

24

The Hongkong Land Investment & Agency Co., Ltd...

' Hong Kong

11

Gentlemen.

We have examined the audited accounts of your Company for the three years ended 31st December, 1933, and certify that the profits for that period, computed on the basts hereinafter mentioned, were as follows:~~~~

Year ended 31st December, 1931 Your ended 31st December, 1932 -Year ended 31st December, 1933

$1,173,975.29

$1,212,812.46

$1.131,407.12

THE TURKISH CLAIM Quoting the words of M. Benes regarding the critical Far Eastern situation in his inaugural address at the Assembly's first session, the long-established conservative news- paper,

H.B: BEER

H.B BEER Keeps you up in any

weather.

CHARGE OF LIBELLING THE POLICE

(Contrased from Page 11

a Member, and her retirement therefrom. The Shanghat journal declares that an election defeat can only be construed as meaning that the League is no longer in- terested in the Far Eastern situa- tion. In that event, there is no alternative course for this country but to resign from membership,

"Shun Pao," states thas The invasion of Manchuria and the attack on Shanghai have cost China has pursued a policy of China four of her richest pro- non-resistance against Japanese vinces as well as incalculable loss, aggression, which entailed the without the League lifting a fing-heaviest sacrifices, in order to

Mr. D'Almada; Would you agree that the letteers were typed on er to render China any material keep faith with the League, elec. assistance in accordance with tion of China will be a severe this machine only. Mr. Murphy with me as an educated man that their convenanted obligations blow to League prestige in that it concluded by saying that the Im- as far as this letter is concerned, Hence China's retirement may will signify the latter's 'submission" portance he placed on it was the the complaints contained in thai save her from farther similar to the Japanese veto of technical finding of the carbons in defend-letter are restricted to his own na- sacrifices. The League attitude co-operation. In conclusion the ant's possession, and if he was tionala if he were a Japanese? towards the question of re-elec-

"Shun Pao," declares that the able to trace that defendant had Yes. That certainly applies, tion will be a deciding factor Turkish claim is in every respect used the machine, he thought I And put it to you also an edit whether or not China and the relatively weaker, and moreover would be very helpful. It was a cated man that from the tone of

the letter he intended to do some He received the second letter on League have come to-the-parting the coming admission of the portable Underwood machine and

similar manner. of the ways.

Boviet Union as a permanent with the exception of the char-goad to the community at large. August 27 in a member, "coinciding with the ex- acter "D" it was in good order. especially British sailors and sold- and this he also passed on to Ber- clusion of China, will not only

lers as he mentioned?-Possibly. His Worship then tested the

geant Baker. Both letters In its editorial the "China amount to a grave slight upon machine, after which Mr. R. D. In reply to Mr. Murphy, Mr. Todd } addressed to the Chie! Inspector Times" emphasised that the Na- this country, but also betray de- Todd. chief assistant at the Se- said that during his experience he but on the letter head of the sec- tional Government has successful-plorable unthoroughness in thecretariat for Chinese Affaits, gave had

received any letters ond it was written "Inspector of ly emerged from every trial during League's methods of stabilising

against the Japanese community. Police" Instead of "Chief Inspec-

tor" as on the first. A PERSONAL GRUDGE he seven years of her existence, conditions in the Orient.

Mr. Murphy: Do you consider that the letter might be satisfying a personal grudge or a personal gain?

LEGISTIMATE DEMAND

AVIATION DAY

Celebrations In Canton

These profits are arrived at after charging all expenses of ad- ministration, maintenance, and depreciation, and after making such adjustments as in our opinion are appropriate, but before making any provision for bonus to staff, or appropriations to free or specift reserves or dividend. The charge for depreciation only occurs in the accounts for the year 1933 in respect of Gloucester Building. The profit on sale of properties in 1932 amounting to $322,526.57, together (From Our Special Correspondent) with certain small extraneous profits, have not been taken credit for in arriving at the Company's profits as above.

The issued and paid-up capital of the Company during the above period was as follows:

As at 31st December, 1931

As at 31st December, 1832

$7,486,075

$7,500,000 $7,500,000-

As at 31st December, 1333 comprising fully paid ordinary shares of the nominal value of $25 each. In respect of each of the financial years ended 31st December. 1931, 1932 and 1933, a dividend thereon was paid at the rate of 16% or $4 per share.

No audited accounts have been published since those relating to the year ended 31st December, 1933.

Auditor

(84.) Percy Smith, Seth & Fleming } duditor-.

Linstead & Davis

Hong Kong, 28th August, 1934.

The accounts of the Company in respect of the half-year from 1st January, 1934, to 30th June, 1934, have not been audited by the Company's Auditors but have been made up by the Company for the purpose of paying an interim dividend and such accounts shew that the profits for such half-year amounted to $322,509.53 of which armount the sum of $118,240.85 consists of profits on land sales.

An interim dividend of $1.50 per share in respect of such half- *year (1st January, 1934. to 30th June, 1834) was declared in respect

of all the issued shares of the Company.

It will be seen from the above Report on profits by the Auditors of the Company that the present surplus revenue of the Company is sufficient to pay the interest on the present issue many times over.

The whole of the present issue of $2,000,000.00 has been under- written by the Hongkong and Shanghai Banking Corporation and by Messrs. Jardine, Matheson & Co., Limited, who will receive between them for their services a commission of one per cent. on the amount so underwritten.

The following Contract has been made:- Underwriting Agreement dated 4th day of September, 1934, and made between the Company of the one part and the Hongkong and Shanghal Banking Corporation and Messrs. Jardine, Matheson & Co., Limited, of the other part being the Underwriting Agreement above. mentioned.

Applications for Debentures must be accompanied by remittance in full for the amount of the Debentures applied for and sent to the Company's Bankers, the Hongkong, and Shanghai Banking Cor- poration.

Canton, Sept. 20. Aviation Day wag celebrated with due gusto to-day with the ob Ject of impressing on the publie here the necessity of adequate air defence,

PATRIOT'S DEATH ANNIVERSARY

Canton, Sept. 20. To-morrow, Sept. 21, will be the 14th anniversary of the death of Mr. Chu Chup Shun. A memorial service will be held by the South- west Executive Committee in the Chungshan Memorial Hall at nine

G'clock in the morning, and a sacrifice will be offered to the bero at his grave after the service.

evidence. Mr. Todd said that he received the first letter on August 27. It was addressed to the Pro- tector of Chinase and was marked' confidential. He opened it, and read it and forwarded it to the m. apector General of Police. It came through the post and was in Eng lish and typewritten.

stitutes

never

Marks Chief Inspector R.HE. was then called. He said he re- ceived the first letter on August 23 through the post. It was address- ed to the Chief Inspector of Po- lice, Hongkong. He opened it, read it, and then passed it on to P.S.A. 68 the officer concerned. Baker..

were

On August 29, he received the third letter. It was addressed the same is the second one. Each “öf these letters

con- Was marked Adential, He remembered th's. because the word 'was spelt wrong- iy..

ters were anonymous,

Mr. Todd: In my opinion he might have written the letter with a view of satisfying a personal On August 29, He received a

Cross-exam 'ned by Mr. d'Alma- similar letter and this he also for grudge.

da, witness sald that he passed Would you construe this letter the letters on to Sergeant Baker. warded to the police.

Cross-examined by Mr. D'Alma. as being something which would because they concerned his work. da, witness said that he had con-

be to his personal gain or advant į He did not give him any instruc- siderable experience of his office age on the face of it?-Prima facie tions whatsoever, nor did he re- but he could not say what hap-I don't think he would get aty an-

port the matter to the Inspector- No vantage. pened about ten years ago. brothels were "licensed but pro- In reply to a further question, General of Police because the let-

were registered, and" he | Mr. Todd said that there were co Mr. Chu was a man df literary ability. He pursued higher educa- could not say whether Japanese registered Japanese prostitutes in Hon at his early age in Japan. prostitutes were registered in his the Colony. Leading officials of the Canton There he entered the Tung Mens office or not. He believed there alr force proceeded to the cemet-

were many lower class Japanese; ed to of General Yeung Sen Yat Huf, a party formed by late Dr.

Sun Yat Sen and his comrades. living in Wanchal. air pioneer, and paid. respects to

Mr. D'Almada: In fact but for him on

the anniversary of his He took part in the first revola-

a few houses in Kowloon, the ma- death. Floral tributes were also tionary movement in Canton and lald at the cemetery of the Air he was wounded in "the furious jority of them reside there?

Coming to the first letter, did Force in honour of those who died battle in which he was engaged you personally receive it? Yes. It

The recovery of Canton Was was marked confidential. ascribed to his valour.

ery

while on service,

th

Was the other letter also mark- After the 2nd year of the estab-ed confidential?-1 cannot remem lishment of the Republic, he ber,

favoured Dr. Sun's Chinese Re-

Promptly at noon, the new white Cloud Aerodrome was declared opened in a fitting ceremony: pre- sided over by Lieut-General Huang, volutionary Party. In the move after reading the letter? I wrote What did you do immediately Kwang Yul, Commandant of the Canton Air Force. A big crows ment for the overthrow of Yuan a short minule to the LG.P. was present at the ceremony, and Shih Kai he did arduous work. In many came from a long way to 1920, acting under Dr. Sun's in- see the aerial exhibition. The structions be entered Kwangtung to reunite the Cantonese generals.

Aviation School is located near the

est out in Canton

I take it you made no enquiries yourself or your department? None whatever.

So that with the exception of new flying, field, which is the large participated in the movement the fact that you transmitted the against Mok Wing Shin, head of letters with the minute to the Under the command of Lient the Kwansi traitors. After the LaP, you did nothing further in Colonel Chiang Chi Yen, thirty taking of Bocca Tigris, Mr. Chut this matter? Absolutely nothing

Nor did you or the BCA direct planes consisting of bombers, purmet his death, He was 36 when

that this prosecution should be sit planes, fighters, and sconta

commenced? No. took on from the new aerodrome Central Press, and flew in formation. Then, the machines divided, us and staged

hë died.--

IN CANTON

different solo fights to the amese- EXHIBITIONS TO BE HELD sidered it a matter for the police ment of the thousands of specta- tors below. The planes new over various parts of the city, and many, saw the flying exhibition from the streets of roof topa,

Because the letter did not affect your department at all?- con-

I did not affect my department.

“AS AN EDUCATED MAN” ·· In view of the allegations in the letter, registration was thin existents, you would have taken action In this matter?--I don't think Japanese prostitutes were registered

Mr. D'Almada: I think you have been in the Farce long enough to

NO ORDERS

Mr. F. D. Angus, a clerk attach-know that the police sometimes

act on anonymous letters receiv the Colonial's "Secretary's

ed. Office told the Court that he re-

Mr. Marks: I do not think I ceived the first letter on August

am Justined in discussing the 27. It came through the post, and work of the Police. he opened it and read it, after which he put it into the appro priste C80. le. This letter was

Apart from the Police, can you despatched to the Police depart-1 tell me what was the conclusion ment through the usual channel, you drew from the first letter He received the second letter on when you first read it?-My per- August 29 and this was treated in the same way as the first letter.

In reply to his Worship, Mr. Angus said that the envelopes had been destroyed.

His Worship: Are you empow ered to open letters marked con- fidentia??

Mr. Angus: Yen:

His Worship: Are You? That was

ters

sonal view was that I thought somebody was raising the question of prostitution

Against the Japanese principal- ly?--It mentions Japanese.

And it mentions also that Bri- tish sailors and soldiers are the victims?Correct.

From the tong, or that

letter,

not so in my time. Are these let-assuming that it was written by a Japanese, it would be written in marked confidential?--I

a sense against his own nationala? don't remember.

-Yes. I think to, p

As long as a letter is addressed to the Colonial Secretary and not to Sir Thomas Southern person ally and marked confidential, you now. I was acting at that time can open it? Yes. But I don't

as clerk in charge of confidential registry.

And that from the tone of the letter, it was intended to allevate some grievance which the writer

without the knowledge of the Fa- of where brothels were running ad? I thought it was a question

lice.

And I think you will agree with ANONYMONS REPORTS Canton Sept. 20.

me, It refers to the danger of the in order to arouse people's in-

Cross-examined by Mr. d'Al-British sailors and soldiers?—Yes.

Did you receive any instruct on terest in improving qualities of

mada witress said that after he agricultural products, the Munit-

had read the letter, he passed or orders from the 1.G.P. in regird on to the chief clerk That was to this prosecution?-Nore what- cipal Government has decided to

Mr. Murphy (interposing): All the routine in every kind of let ever. hold an agricultural products ex-

In reply to Mr. Murphy, Chief hibition on the Double-Ten an- of them were registered by the ber, except personal ones. After niversary, October 10. Plans for Police,

he had passed the letters on to Inspector Marka said that he did holding the exhibition were dis- Mr. Todd added that assuming the chief clerk, his responsibility not know the persons mentioned play to bow what would have cussed by the Bureau of Social it was Chinese be would take sot ceased. He ould not say whether in the body of the letter. happened to Canton after & vint | Affairs yesterday.

bu. Nowadays only the Police Bir Thomas Baithania: had: men|The case was then by enemy bombers,

looked after sly brothem.

the letters or not.

until next Wednesday Central Presi

Where no allotment is made the amount paid on application will be returned in full and in case a less number of Debentures is allotted than is applled for the excess of such amount will be re-

The Ten-Men League, an official" funded.

Prospectuses and Forms of Application can be obtained at the organ formed to raise money for Registered Once of the Company. Queen's Building, Hong Kong, and air defence, held a masquerade from the Bankers of the Company, the Hongkong and Shanghal procession at noon, starting from Banking Corporation. No. 1, Queen's Road Central, Hong Kong the East Parade Ground and went Coples of the Underwriting Agreement and the Debentures above through the various parts of the mentioned and also the Memorandum and Articles of Association of city queer objects were on did the Company can be seen at the Offices of the Company or as the Omices of its Bankers.: Hong Kong, 17th day of September, 1934.

£2844