1940-03-04 — Page 6

PAGE 6-HONGKONG DAILY PRESS

ADVERTISEMENTS

HONG KONG & SHANGHAI BANKING CORPORATION.

The Final Dividend declared for the Year ending 31st Decem- ber, 1939, at the rate of Two Pounds Ten Shillings Sterling, at exchange 1/2.7/8 is payable on and after the 28th February, 1940, at the Offices of the Cor- poration, where shareholders are requested to apply for Warranis. •

By Order of the Board of Directors.

V. M. GRAYBURN, Chiel Manager. Hong Kong, 28th Feb. 1940.

112

CHINA LIGHT & POWER CO., LTD.

..".

NOTICE OF FINAL GALL OF $2.50 PER SHARE ON

1939-ISSUE SHARES.

|

DEATH

The Death occurred yesterday at Kowloon of Mrs. F. A. Cum- ming, widow of the late Fre- derick Alexander Cumming of Shanghal, and dearly beloved mother of Arthur and Michael Cumming of London, and of Mrs. 1. L. Berthet and Mrs. S. D. Begg, aged 62 years.

The Daily Press

WE OF

Editorial and Business Office: 15-19, Queen's Road Central, Tel, 30251.

Night Editor (Wanchal Office):

Tel 24511. London Office: 53, Fleet Street

E.C.4...

HONGKONG, MARCH 4, 1940

SELLING CHINA PIECEMEAL PRIDE OF PLACE in our

and

EDITORIAL

USUAL ACTIVITY NEW

OF CONTACT

UNITS

PARIS, Mar. 3 (Reuter)—A War communique states that there was the usual activity of contac, units. Several

of our reconnaissance planes penetrated far into Ger- many in day and night fights.

French fighter planes brought down two German reconnaissance planes in our lines on Mar. 2 and all our crews returned to their base.

The reconnaissance planes are independent of "the plane brought down the same day in our terri- zory by the British Air Force.

in practice, were used only for military flights, and which will now be taken over by the new company, amply illumin- ates the real aims of this monopoly, a monopoly, by the way, which supersedes all pre- vious rights with the specified exception of those acquired by the

airlines of Japan Proper."

DISCLOSURES

WITH NANKING PUPPETS

Continued from Page 1 Fundamental Points Con- corning the Establishment of the Central Ch na Iron M.ning Company, Ltd.

||

MONDAY, MARCH 4. 1940.

TERRIFIC MINE

OF PACT

properties and things as well as

rights and privileges necessary for

It's business operations and the laws and decrees to realise the requisition of similar enterprises. alms of this agreement and the

(c) Exemption of tax on land. fundamental points for the estab- other properties and things, as lishment of the Central China well as rights and privileges re- Railway Company attached to this garding the Company's business.

Any revision or an- (d) Installation of ART. I The aims of the Con- agreement.

exclusive pany shall be the exploitation and nulment of the aforesaid laws and telegraphic and telephone lines control of the fron mines in Cen-decrees shall first be approved by and equipment.

the Liaison Director. trai China.

(e) Permission to float deben ART. IV-WIth regard to exist-tures up to an amount equal to ART, I-The Company shall be established in accordance with the in loans and rights and privileges three times the paid-up capital of following steps: (a) Formation of on all government railways, the the Company. the Company acording to the re- Reformed Government shall not

If Guarantee for the repayment without first of principar and payment of. In- gulations formulated by its pro- take any action ma.ers; (b) Subscriptions in cash consulting the (Japanese) Liaison terest of the Company's debts. to the Company's shares shall be Director, frst invited, after which the ART. V-These Articles of Agrée. Supervision: mineral holdings of the Company ment shall become effective on the shall be promptly assessed and day of the inauguration of the SION: The following matters are treated as subscriptions in pro- Central China Railway Company, to be supervised by the govern- Ltd. These Articles of Agreement ment: (a) Important changes in Chinese shareholders shall be are done in duplicate in Chinese the Company's rudes and regula invited with a view to making the and Japanese, with the Liaison tons; (b) Flotation of debentures the government; Company. a truly Sino-Japanese and the Reformed Government guaranteed by font enterprise; (c) The authoriseach keeping a copy. In case of (c) Decision to amalgamate or ment of the Chairman and Vice-

perty.

·

VIII GOVERNMENT SUPERVI-

ed capital of the Company shall any dispute. the Japanese version dissolve; (d) Election and retire be fixed at $10,000,000, of which shall be deemed correct. one fourth shall be paid first. of Executed on the Thirtieth of Chairmax. this one fourth. It is hoped the April of the Fourteenth Year of IX. TREATMENT OF LOANS: THREE OTHER COM-

Chinese party will, bear $255,000 Showa, that is, the Thirtieth of In anticipation of the conclusion PANIES are to be established

of which the Japanese party win April of the Twenty-eighth Year of an agreement for the reorgani- to control communications by temporarily advance $61,250); (a) of the Republic of China by and sation of raway loans between telegraph and telephone, The Company will be formally between (Signed) Tsuda, Director the government and the creditors. China's water supply and her es ablished on April 8.

of the Central China Laison De- the Company shall take the neces- ART. III—As a first step. the partment of the Asia Development sary steps to pay to the govern- hydraulic and electric power,

or sums elsewhere and harbour works and real following mines shall be reverted Board of the Empire of Japan ment, a sum estate development in the city to the control and exploitation of Liang Hung-chih President of the provided. of Shanghai. All these plans the Company: (a) Fu Li Min Co. Executive Yuan of the Reformed Notes: represent, of course, the most-Nan Shan, Sino Ku Shan, and Government of the Republle-of

other mines; (b) Pao Haing Co. Ta Ao Shan and other milnes; (c)

Yi Hua Co-Huang Mel Shan, Lo

Po Shan and other mines; (d)

areas,

China.

Railway System:

Fundamental Polnis Cón- cerning the Establishment of the Central China Railway Company, Ltd.

1. The motor, transport enter-

Ltd.

Issue today is given to. several new additions to the mounting documentary record of Wang Ching-wel's sell-out of his country and his people. NOTICE is hereby given that Readers should study them the Directors have made a final carefully. They are valuable not so much as further evi-

prises undertaken by the Company call of $2.50 per share upon all dence of Wang's perfidy, a

direct possible attack on the members holding shares of thing already known

shall not include the operation of bus services in cities (bus services the 1939 Issue allotted on 2nd measured, but because they Third Power interests. The equipment of Communica-

in their surrounding districts. be- February, 2nd March and 30th demonstrate convincingly and

ing included in principle) but this September, 1939, respectively, in detail the mechanics of tions and utilities projects is Chen Yeh Co-Chung Shan and Ye) Iron Mines at

shall not apply to the Company's (1) Chang Cheng Co- war-swollen heavy industries. Kaotzu:

I. POLICY:-In order to facili- local communications and the en- upon which only $2.50 per share Japan's avowed attempt to to create a market for Japan's other mines; has been paid, and that the make the war sustain itself,”

The agreement on Shanghai Ching Niu Shan and other mines: tate economic rehabilitation, en- try into cities of the Company's the that is, to draw from the oc- will accelerate the plans of

(g) Mo Ling Co.--Feng Huang sure public safey, and effect a inter-city motor vehicles. same will be payable to

Shan and other mines: (h) Iron rational operation of the railway 2. Communication faculties for Bankers of the Company, the cupied territories the where the Japanese to build a new

mines at Sanshanchen and other system in Central China, a Central the exclusive use of the Company port away from the Inter- Hong Kong and Shanghai Bank. Withal for the complete sub-

Company, Ltd. shall be established in close colls- jugation of the rest of China, national Settlement, neutral-rom nes in Japanese occupied China Railway ing Corporation, Hong Kong, on

the elimination of Third

shall be promptly formed under aboration with the Central China. ising it commercially. In- the 30th day of September, 1940. Power interests, and ultimate-

ART. IV-It is planned that in special charter of the Reformed Tele-Communications Corporation. cidentally, this instrument the first year of its operations the Government. ly the progress of the imperial By Order of the Board of

IL General Principles: (a) 3. To expedite its inauguration juggernaut to other sections gives the "Shanghai Per- Company's total output shall be Directors,

Property Corpora- fixed at 1,000,000 tons. The output Name: The Company shal; "be the Company shall be formed in of the Pacific area.

tion" the right to expropriate is to increase by 1,000,000 tons known as the Central China Rall accordance with the regulations NOEL BRÁGA,

THE LATEST DOCUMENTS all land which is deemed each succeeding year until in the way Company, Ltd: (b) Aims: 1. laid down by the promoters, but of time ordinary Secretary. comprise six "agreements," essential for such construc-arth year of operations the total undertaking of railway enterprises; in due course

signed by Liang Hung-chih, tion. Hong Kong, 1st March, 1940.

head of the "Reformed Gov-

THE SEVENTH, and final, ernment of the Republic of

agreement" provides for the China" at Nanking and ap-creation of a directing or proved by Wang Ching-wel holding concern to control as part of the "accomplished the activities of all others. situation"

in the Yangtze This agreement is signed, Valley which he bound him- significantly by the heads of self to recognize in the treaty the Japanese Army and Navy previously made public. AC- tually, as will be shown,, the scope of these Articles of Rob- IN THE GOODS of Herbery extends far beyond the bert Hatch late of 12 Ken nedy Terrace, Top Floor, Victoria in the Colony of Hong Kong, Retired Electric Engineer, deceased. "

116

IN THE SUPREME COURT OF HONG KONG

PROBATE JURISDICTION

NOTICE is hereby given that

the Court has by virtue of the provisions of Section 58 of Or dinance No. 2 of 1897 made an order limiting the "time for credi tors and others to send in their claims against the above estate

*

manent

special service. It makes it plain that all the acts of any company are subject to the prior approval of the Japan Yangtze region, and their ese authorities, and permits careful codification at this the latter to issue orders to holding company directly, time is a crude effort to lay

"legal" basis for the reten-ignoring the "Reformed Gov- tion of the fruits of Japanese ernment" altogether, in case conquest throughout the

of necessity. country. Wang's ready rati-

OBVIOUSLY REMEMBER-

the

cation of "the capitulations ING the tremendous expan- of

Nanking puppets,

sion of Chinese industries which, incidentally, casts a glaring light on his frantic and raw material production professions of determination during the last war, when she to preserve Chinese rights, is, tried to pre-empt its fruits from the point of view of his through the Twenty-One De-

output will reach 5.000.000 tons. Note:

The Chairman and Vice-Chair- man" of the Board of Directors shall not be elected for the time The Executive Director

being.

shall direct the affairs of the Company. Technical Directors shall be added as time goes on. Yuan Nal-kwan, Director of Sing Japanese

Industries. will be

named by the Chinese party as

will be named superviser. The Chinese party may recommend a Vice-Chairman of the Board of

director, while another person

2. undertaking of motor transpor-citizens may also be shareholders. tation enterprises; 3. undertaking Unified Operation:

"

of auxiliary enterprises of the Fundamental Points for the above.

Establishment of the Central China Aviation Corporation, Ltd.

The Company may invest in, or with the approval of the Government, undertake the above auxiliary enterprises. In accordance with the above stipulation, the Company shali undertake the operation of all Government railways. lnclud- ing the Kiangnan Rallway) and their auxillary enter- prises,

EXPLOSION

Continued From Pure 1

RESIDENTS ALARMED Residents of Cheung Chau Island are becoming a great deal alarm- · ed over these explosions of mines, a Hongkong Daily Press reporter learned yesterday.

Although, to date, comparatively alight damage to property has been done, deep concern is felt over the possibility of a mine drifting into the anchorage of Cheung Chau Island, where even more people live on junks and smaller boats. than there are residents on shore.

Should a mine explode near the Chinese village, great havoc and a large toll of killed and injured could result, re- sidents believe.. With the crowded conditions and the present structure of the build-* ings in the village, much dam-. age could be wrought by an explosion of the force of the first one of the three yesterday morning.

Cheung Chau, noted for its quiet- dess, has grown in popularity of late with people" on holiday, and these people have frequented the Island in increasing numbers dur- ing the last few years.

The Island has become the home also of many old China residents, who have built their homes on Cheung Chau and retired there.

Yesterday morning's explosions.. It is hoped on the Island, will be the last ones. The pupulace has suffered already in one way, this being in the present rough sea passage of the Cheung Chau ferry along its new route. This has esused, it is noticeable, an appre-

Clable decline in the number of visitors to the Island.

Japanese Exempt From Monopoly:

(I) Monopoly of China's avia- tion enterprises (alrplane manu- racture included). But special provisions shall be made regarding the air services operated in China by the Japan Aviation Corporation and the Manchuria Aviation Cor- poration.

(2) Monopoly of the use of state aerodromes..

(3) Exemption of Customs du- ties and other taxes and levies on articles necessary for aviation en- terprises.

(4) Special privileges in land acquisition and other privileges as to similar enter- are common

(5) Exclusive right, in the use of communication signals and broad- "necessary for casting facilities aviation enterprises.

(8) Subsidies from the three and other sources Governments necessary for, the operation of the Corporation, the amount of which shall be determined with reference to the customs duties and other taxes and levies exempted.

-ART. I-POLICY: To effect a unified operation of China's avia tion enterprises, to meet the poll-prises. tical, economic and national de- fence demands and to realise the avistion policy in East Asia "the establishment of a regular avia tlon corporation jointly operated by China and Japan shall be the III Capital The authorised ultimate goal: To meet the urgent Directors and other officers as

China Aviation soon

As the Company's" mineral capital of the Company is fixed need a Central holdings are assessed and treated at $50,000,000 of which $10,000,000 Corporation Ltd. shall be estab. as property subscriptions,

shall be subscribed by the Re-shed temporarily. Executed

of formed Government, $25,000,000 by Art II-General August of the Thirteenth Year of the Central China Development Principles: Showa, that is, the Twenty- Company, Ltd., (including $7.640,- seventh Year of the Republic of 000 property subscription), and China by and between (Signed) $15,000,000 by other parties, Chter of the Special Service Sec- Note: tion; Chief of the Reconstruction Section; Minister of Industries: Vice-Minister of Industries.

UIL

the

Ninth

to the 22nd day of March, 1940. masters, a necessary, step in mands and the notorious Ni-Public Utility:

NOTICE TO SHIPPERS.

16

1,

(A) Name: Central China Avia- tion Corporation, Ltd.

(B) Aims: (1) Passenger, mail and freight air services; (2) Renting of airplanes: (3) Other enterprises pertaining to the use

1. For property subscriptions a part of the properties and assess ments offered is to be produced of airplanes; (4) Enterprises con- first and for cash subscriptions tributory to development of avia- one fourth of the total is to beton; (5) Auxiliary enterprises of Agreement Concerning the

paid, first.

the aforesaid enterprises; and (6) Central China Railway Com

2. If the $15,000,000 share.caplt Investment in the aforesaid enter- pany, Ltd. In order to expedite the restora-al mentioned above is not fully prises.

(C) Capital: 1). Total amount tion and readjustment of com- subscribed by other parties, any

(2) Subscription: $1.-. munications enterprises and to amount short of the fixed amount $6,000,000; promote public utility in Central will be taken up by the Central 800,000 by the Provisional Govern- ment of the Republic of China: China, the sollowing articles of China Development Company.

IV: Nationality and Location of $2,000,000 by the Reformed Govern- agreement are concluded between

(7) The Corporation may in- crease its capital before the au- thorized amount is paid up. Supervision:

(G)

and

Special Supervisioni obligation: The Corporation shall accept supervision in accordance

with the Aviation Law and other laws and decrees to be promul- gated and shall observe laws and decrees promulgated by the three Governments pertaining to public welfare.

(H) The Japanese Array and Navy shall provide the Cor- poration with personnel and

the materials, lend

use of aerodromes and extend other: assistance necessary for opera- tion.

(1) After the establishment of head office.

Aviation Corporation shall

be

+

shihara Loans, Japan is now such "legalization."

determined that the prize All Creditors and others are

WHAT DID LIANG HUNG- shall not again slip out of her accordingly hereby required to CHIH sign away to the Jap-hands. She is trying to or- send their claims to the under anese. First of all, the right ganize exploitation of China's signed on or before the above date.to monopolistic "exploitation riches for the benefit of her and control" of such strate- own economy but paid for by Dated this 26th day of Febru-gic minerals as iron, coal, Chinese cash investment and ary, 1940.

petroleum, lead, copper, zinc, underwritten against losses of P. H. SIN & CĐ tin, antimony, manganese, every variety by submissive the Director of the Central China Head Office: The Company shall ment; $200,000 by the Mongolia

(D Establishment of a regular Solicitors for the Executor, molybdenum, wolfram, nickel puppet Governments. Thus, Liaison Department of the Asia be deemed as a special jurisdical Autonomous Government; $1,000,-

and aluminium. In respectin the "

Development Board of the Im-person of the Reformed Govern-000 by the Hui. Tung Aviation comminications

InCorporation (property subscriptions Aviation Corporation as provided 14, Queen's Road Central,

perial Japanese Government there- ment with its head office of two of these, antimony and agreements," we find, the

"to be fully paid); $1,000,000 by the in Art. I shall be expedited. In Hong Kong.

wolfram, China

mafter called the Liaison Director) Shanghai. produces significant clause that the and the Reformed Government of

V. Officers: The Company shall Japan Aviation Corporation (pro- establishing the "regular Aviation 97 more than half of the world's Chinese side will be held fully China (hereinafter called the Re- have a Board with a Chairaan perty subscriptions to be fully Corporation" there shall be no restrictions from this provisional total output, which she ex-responsible for any damage formed Government):

(President), a Vice-Chairman (Vice-pald). ports to fill the deficiencies, to plant, etc., presumably as

Corporation in regard to capital, and three or more Notes: ART. L-The Reformed Govern Frealdent)

personnel and location of the which cannot be made. up a result of patriotic sabotage ment shall empower the Central Directors and at most two Super- from any other source, of or the operations of loyal China Railway Company. Ltd. visers. The tenure of office the Corporation, half the $1,000, The Corporation shall promptly [many countries, among them Chinese forces.

hereinafter called the Company) the Chairman and Vice-Chairman As from 9th March, 1940, Great Britain and the United

» WERE JAPAN actually win- to undertake the reconstruction shall be four years, for the Direc-000 to be borne by the Hul Tung absorb the Hut Tung Corporation and is expected to be inaugurated States.

ning the war, these docu- and operation of railway enter tors, three years, and for the transferred nominally to the Re-n Peking on December 15 'freight rates from Hong Kong to

prises for general transportation Supervisers, two years.

formed Government and the other SECONDLY, HE GAVE the ments would be legitimately purposes in Central China as well Government Privilege: half nominally to the Japan Avia Shanghai, Weihalwel, Chefoo & Tientsin will be increased by 20% invaders the right to take over regarded as deeds of per- the operation of motor transporta

VI. Principles of Control: With tion Corporation, and operate all Central China manent suppression of the tion on the principal routes and the exception of those of the

(2) In the case of cash subscrip: on rice and 10% on other corallways and highways and aspirations of the Chinese shall not recognise any party Company, the Government shall tion half the amount shall be paid modities, and from Hong Kong conceded to Mr. Tsuda, Lial-people to own and make use other than the Central China

take necessary actions to refuse Arst and the balance six months gervice Section; Head of the Re- to Tsingtao will be increased by son Director of the Asia De- of their own resources. In Railway Company,

recognition of any other under-after the establishment of the construction -Section: Minister of 30% on rice and 25% on other velopment Board of the Jap-fact, however, China fights commodities. Largo for Tsingtao, Lanese Government, virtual on, and Japan is no nearer Weihaiwel, Chefoo & Tientsin dictatorship over the entire victory than she

was two with transhipment at Shanghai transport network.

years ago. Under the circum- will be charged the direct rate THIRDLY, HE AGREED to stances, the puppet agree- applicable from Hong Kong to Japanese control of airways, ments" are simply evidence. that port, plus 30%

airdromes, and airplane pro- of the true nature of Japanese duction all over, China, mak-ambitions and a warning to BUTTERFIELD & SWIRE, ing them the sole judges of Third Powers that, at all

Agents,

"political, economic and na-events, Tokyo is determined China Navigation Co., Ltd. tional defence needs" in this to root out their economic in- "JARDINE, MATHESON & field and agreeing to draw fluence in the territories at

personnel and materials from CO., LTD.

the Japanese army and navy. General Managers,

The experience of the pre-war Indo-China S.N. Co., Ltd

"Sino-Japanese" Hultung air- 114 lines in North China, which,

៥

present under the occupation of its armies. Appeasement cannot save these interests Determined support of Chi- nese resistance will.

Japanese Economic Dictator:

ART. II-The neformed Government shall first ob'ain the concurrentice of the Lixison Director before taking any ac- tion that has any direct bear- ing on the following matters of the Company: (a) concla- ston, revision and annulment of: agreements or contracts; (b) transfer, mortgage, rent, or offering as security of state properties.

***Executed on December tenth of the Twenty-seventh Year of the Chinese Republic. that is, the Thirteenth Year of Bhowa

(Signed) Head of the Special"

Fundamental Points for the Establishment of the Central China Tele-Communications: Corporation, Lia.

takings in railway reconstruction Corporation."

Communications. (D) Jurisdical Status and Loca- for general transportation pur-

This document is done in dupli The Cor- cate with the Special Service Sec- poses or any motor transportation of Head Office: tion enterprise on the principal poration shall be deemed a&tion and the Ministry of Com- 1outes,

special jurisdical person created inmunication each holding a copy. VII, Special Privileges: The accordance with the agreement of

Communications: Government shall accord the fol- the Provisional, Reformed and lowing privileges to the Company: Mongolia Autonomous Govern- (a) Exemption of all rent; taxes ments with its capital jointly sub- and assessments on the income of scribed by Japan and Ching rhe the Company's properties and head amice shall be in Peking such properties as required by the temporarily. B Company for its business opera-(E). Omcers: A Chairman and tions,

a Vice-Chairman, a number of by All necessary rights and pri- Directora, and Supervisers. of the Laison Director, the Re-vileges for the Company in con() Special privileges granted nexion with the requisition and by the three Governments to the employment of land, and other Corporation;

ART III with the concurrence

formed Government shall for mulate and enforce the neces

Art. I Polley: To facilitate economic rehabilitation" ⠀ Inə” Central China, to meet the need for national defence and to realise the polley of Haking w the communications of JapanX, Continued on Pare T