1911-12-09 — Page 5

THE RONGKONG TELEGRAPH SATURDAY DECEMBER

Unclaimed Telegrams. and which consisteil of a com- The following is a list of un- mission on purchases and les claimed telegrams lying in the AND POWERS,

In a somewhat similar case do-Great Northorn Telegraph Com cided in the following your (Leeds)pany's Ollico nt Hongkong. (Continued from last Saturday.) Estate, &c. Oo, 2 Shepherd 30 Bansonngguan, Dowsaukee, Fung-

Where the articles contain a

Ch. 11. 787), where the Articles sling West Road Control, Gon- defiuito provision that the diree provided that the directors' reaser, Gouachiong, Hongonohiung, tore shall tako tho qualification manocation should only he pay-Hongontrau, Ljcefong, Judoshing, sharea, or be liable as if they als after a dividend of 5 per Nomurg Hotel, Marchina,' Core. had taken them, there can, how-cent, had been paid to the share-blo Co, Kungwingshing, "over, be no doubt that a con-holders, and where the Company Kwongrancheong, Mrs. Lyo Ar- tract to take them will be infer-ver made a profit of 5 per cent., bathaut Road, Min Wingchong- rod from the directors accept but a diview at that ralo-wopying, Ponto Francaise, Tainderich unce of office. So, in the caso cit annually decl rod muid paid, the Passenger Ernst Simon, Toraichi od of Sablon e. New Breston Cirectors were ordered to refund Tokunaga 135 Victoria Street, cle Co., the Articles of Associa- the remuneration they Lad paid Yungehong, 7079, 1705; 3458, tion provided that a firat directhemselves. In this case the bal-5400, 1506, 4410, 5073, 2232, for noting before nicquiring his ance sheets presented to the Com-2121, 1820, 2533, 2645, 0797, qual fication should nequire that its annual meetings were de 2393, 0088, 0735, 2400. same within one month from lusive, over-estimating the Con

DIRECTORS AND THEIR voted and paid to themselves, :

LIABILITIES, DUTIES

his appointment, and unless he pany's assets, and not truly show- should do so ho should do so he ing the expenditure,

should be doomed to have agreed

From those authorities it will to take the Blures from the Com-ho soon that directors, or other ̈pany, A director, who had omit-persons occupying the position of ted to acquire his qualification directors, such as general mana-

To-cay's Aubertiment

shares, was held liable to pay togers, cannat in allowed to take, PARTICULARS and CONDI the Company the par value there-out of the funds of the Company,

TIONS of Ute Lotting by Public

of Crown Land at Ma Tau Kok in

an

-Portera and Saw AWWINDMENTĪNE THẾC

James Placuiva LONDON, EC.

M

essrs.

ofters and

CARRERAS' TOBACCOS

HAVE A REPUTATION

The World Round.

Fresh Stock always obtainable from

KRUSE & CO.

CO,

GARNER QUELCH &

of. But in the earlier case, before any remuneration for themselves Auction Sale, bu beld on MONDAY, the Court of Appol, of Salisbury other than that which they are the 1th day of etember, 1911, at Jopes & Dale's case (1894) 3 Ch. "xpressly authorised to tako by 8 pm, at the Offices of the Public 350, where the Articles of Associ- the Articles of Association, or by Works Department, by Order of His 1478] ation of the Company contained a resolution of the Company, and Excelleney the Governor, of One Lot precisely similar provision that they will be ordered to refund, the Cul ny of Ilangkong, for a term of unless a director acquired his qua- with interest, any such farther 75 years, with the option of renewal at lification within 3 months from remuneration they may havo taGrown Bant be fixed by the Sui- his appointment ho was deemed ken Any clause in the Articles

veyor of is Majesty the King, for to have agreed to take the sbarcs which fixes their remuneratione further terus of 26 years. from the Company, it was hold or upon the construction of which PARTICULARS OF THE LOTS. by Lord Herschell L.C. & Davey the payment of their remunera- L. J. Lindley L. T. dissenting tion depends, must be construed that directors who resigned with reasonably, in its ordinary com- in the 3 months were not liable mercial sense, and not as may. to take the qualification shires.. appear host in the interests of the This decision does not, however, director as opposed to those of seriously affect the principle laid the shareholders, Thus, in the down in Sulton's caso that a per-caso cited of fure Unford Benefit, son who accept the office often. Hoesety, where the Articles director of a Company, the re- provided that "no dividend shall 'be payable except out of the gulations of which provide that he shall be deemed to have realized profits arising from the business of the Company," it agreed to take his qualification shares from the Company, is was hold that" realized profits under a liability to take up these meant "rednew! to netual cash profits shares (See also Hereinia Copper in hand." or at any rate

tangible for the purpose of divie- *Cu. (1894) 2 CD), 103,

5

Under the provisions of the on, and not estimated profits, English Act of 1900, and of the or even "profits honestly earned recent Act of 1908, a person who unless actually received. The is appointed and acts as a direct-directors, in that ease, who had or, and who fails to obtain his paid their remuneration, and also qualification shares within the dividends, out of such estimated necossary period, is liable to pay profits, were onlere to refund to the Company the sum of £5 both that remuneration and the for every day during which he dividonds, with interest. acts as director after the expira tion of that period. But no suck! penalty can be exacted in Hong- kung, as the law at present,

stands.

(To be continued.).

NEW SERVICE RIFLE.

by jenny

#5

J

Hongkong, 9th Dec, 1911,

Consignee

· [1481

NIPPON YUSEN KAISHA.

NOTICE TO CONSIGNEES.

FROM EUROPE, COLOMBO AND STRAITS. THE Company's Stounskip Where the Articles of Associa

IYO MARU," tion provide that no person shall Major-General Sir C. F. Hadden, -bo-qualified to netus a, director Muster-General of Ordance, Pra-baring arrived from the above ports, Consignes of Cargo are hereby inform- unless he is the holder of a cer-siding at the annual dinner of that their Goods are being landed tain number of shares in the Con- the Royal Arsonal Association of tad placed at their risk in the Hong- pany, the appointment of a person Formen, Woolwich, remarked koug and Kowloon Whorf and Godown as direétor who does not at the that a now rifle for the British Company's Godowns at Kowloon, time possess that qualification. is army was under consideration. A where each consignment will be sorted void, and although he accepts the new pattern rifle was no thing out mark by mark and delivery can be office and acts for a while as they would accept in a hurry, obtained as soon as the Goods are

anded. director, he cannot be compolled When they did adopt it they to take up the qualification shares wanted to get the latest and best (Hamley's case 5 Ch. 1), 705). and careful consideration and

But as already pointed out, ua-exporimenting were necessary be- til the invalidity of his appoint fore they could decide. The ment is discovered, his acts as a matter was going on as well as director, are valid hy virtue of they could expect and he hoped the provisions of Sec. 95 of the that before very long they would Hongkong Ordinance (Sec. 67 of invo not an automatic but a new the Act of 1802, Sec. 74 of the pattern magazine rifle,

Act of 1908).

J.

With regard to the remunerat- ion of directors it has been hold in the oase of In re George Newman & Co. (1895) 1 Ch at p. 686 that Directora liuvo no right "to be paid for their services, and cannot pay themselves or each "other, or make presents to them- T/T... "selves out of the Company's assets unless authorised so to do by the "instrument which regulates the dje "Company or by the shareholders 60 ds.

COMMERCIAL.

Demand.....

at à properly convened mealing. mjs.

EXCHANGE.

They cannot avon charge the T, Shangbai

Selling

1/10:6/16 .....1/10

Optional goodą ́ will be carried on lass instructions are given to the contrary before Noon, TO-DAY,

Goods not cleared by the 13th Deceambor, will be subject to rent.

Damaged packages must be left in the Godowns for examination by the Con- ignep's and the Co.'s representatives

an appointed hour. All claires must bo prosentod within ten daye of the -tenner's arrival here, after which date they cannot be recognised. No claims will be admitted after the goode havə i left the Godowna.

NIPPON YUSEN KAISHA,

Agents. Hongkong, Cth Des., 1911.

CHINA COMMERCIAL COMPANY LIMITED.:

1/10 7/16 NOTICE in baraby given that, an Extraordinary General Meeting 1/10 of the China Commercial Company ....1/10,9/18 imited will be held at the Office of .75 Messrs. Ewegs & Herston in Ale andra ............... 909 toria Hongkong on Tuesday. the 12th

Company with their travelling T. Sore......79 Building Des Voeux Road Central Vis

exponses which are necessarily T. Japan......... incurred by them in attending to

the business of the Company, and India

Deniend-Indin.............

the amount of which may exceed

180

day of December 1911 at 10 o'clock a.m. for the purpose of considering and 13P3 | if thought fit passing as an Extraordin

their salaries asdirectors (Young's TIT, Sao Francisco and New York 45 srg Rossolution the following Resolution,

Case (1000) 1 K.B. 087).

T.I. JATA

1114

In a case where the Articles of TYT Marks ...... ...... 1901

Association provided that the di- TIT. France

rectors should not be entitled to

...2.844

any remuneration until a dividond

Baying.

at the inte of 7 por cont, had

been paid to the shareholders, 4 m/s. Lif0........

....1/10 18/10 |

and, in order to pay themselves 4 m/s. D/P.. **** 1/10, 15/10 remuneration, the directors de- mfx L/C'.

alared a dividend of 7 per cent. so dfs. Bydney & Melbonere. 1/11 in each year, although the profits 30 ds, Ban Foo & New York received

were insufficient for the Mark... purpose, they were ordered to

kufo, Fragez ziomu ¿rofand (In rẻ Oxford Benefit,&o,,

Society, 35 Ch, D. 502). In the rf, das same cass the directors were com- Bar Silver, 10 dy

pelled to refund, with interest at

forward

1/10

that is to say:**

WINE MERCHANTS

Des Voeux Road

TELEPHONE 636,"

Supply the high quality, Wos, Spirits, Cigars and Cigar etete ob'ainable, con istent with pric. All Wines and Spirits battled in Furope by Shippers of world wide reputation..

Hongkong, December 7th 1911.

"That the Company be wound "up voluntarily and that John "Scott Haraton of Alexandra Building Des Voeux Road Con trel Victoria Hongkong, Soll "citor and Notary Public, be; and be is hereby appointed Liquida tor for the purpose of such wind- "ing op"

Should the above Besolution be pas

VON RIEGEN'S PATENT

FIRE BRIDGE BARS.

COST OF INSTALLATION QUICKLY ABSORBED BY.

1911

MILK

FIVE CENTS A PINT.

PURE, FRESH, SEPARATED, NATURAL.

1

REMOVED: THE CREAM ONLY.

ADDED: NOTHING.

If you must Separated Milk why not have it

FRESH?

sale by

THE DAIRY FARM

One penny a pint?!

CHINESE ENGINEERING

and

MINING COMPANY, LTD. CANTON-HONGKONG. TIEN- TSIN LINE.

THE Steamship

"ONSANG."

will smil on or about the 20th Dece, 1911, Taking cargo for Tientsiu, ris Ubla Wang-Tao.

For Freight and Passage spply to THE CHINESE ENGINEERING

& MINING 00., LTD,

Queen's Buildings. DODWELL & CO, LTD..

Agent.

Hoage as. 2nd Dec, 1911. 128 CANTON-KOWLOON RAILWAY (British Section).

NOTICE.

Co

"OMMENCING Bia, inst, and trains leaving Kowloon at 8 am and antil farther notice the express

POPULAR

"ASAHI" BEER

Note our Price #12.00, per casa oog..

taining 4 dozen quarts or 6 dosen pints.

[43.

PAUL CLOUET CHAMPAGNE, Just received, a fresh consignment of

3.26 p.m. for. Canton, and the trains leaving Canton at 7,55 a,man d 2.20 | - pm. for Kowloon are hereby onnoelled, The train loaring Kowloon at 8.45 p.m. for Fan Ling will run to Shum ya Chun until further notice. By Order,

Extra Dry

at $91.00 per case of 2 don, pls.

FRENCH STORE, L- Gameau, Queen's Road Central.

EL 8: LINDSEY,

MEE CHEUNG. Manager. Kowloon, 7th Nov., 1911. [1480 ART PHOTOGRAPHER

HONGKONG. A LING & CO. FURNITURE AND PHOT

TELEPHONE NO. 1013. SUPPLIES.

DEVELOPING, PRINTING' A

BNLARGING, 9. Queen's Road,

DEVELOPING, PRintino & EnlarUINO, (1089 188 Pouriant, Jet Mav, 1911...

ECONOMY IN FUEL A FALCONER @ Co., Ltd.

EFFECTED.

FOR FULL INFORMATION AND PARTICULARS

APPLY TO

WATCHMAKERS & JEWELLERS. LARGE SELECTION ENGLISH SILVERWARE

COMPRISING PRESENTATION

PLATE, BOWLS, RACE CUPS, ato.

INSPECTION) INVITED,

UNITED ASBESTOS ORIENTAL ALWAYS IN STOCK..

AGENCY LD.

SOLE AGENTS.

OR TO

OH, WITZKE-SUB-AGENT.

Hongkong, December 7th 1011

FOR SALE.

-Offers will he received by the

Management for the purchase as a going concern, of the "HONG- KONG TELEGRAPH.”

Hongkong, Nov. 18, 1911,

Prepaid Advertisements,

40sed by the requisito majority, it wi5 WORDS. $1 for insertions or

submitted for confirmation as a Special 195 Resolation to Becond Extraordinary ammo 42 for one week, 2.891 General Meeting, which will be 'subse-

BOARD "AND RESIDENCE — ..2.413quently convened.

HOMEVILLE," Morrison Hill, .254

DATED the 6th day of Dec., 1911,

By Order of the Board

aplaadid view of the harbour, 10 minutes from Post-Offee by electrio Curientranos 153, Wanchal Road, Telephone No. 28, [1980

****** 25 7/10/

3 per cent, certain additional Bank of England rate instinä 6X Tamuneration which they bad s

J. GOUNGBY,"

Becretary.

OFFICES TO LET.

FIRST class, central accommodation, light and airy,on. First; Second, rested or MESSES.

A choice selection of Xmas Goods are shortly expected.

ERVEN LUCAS

FAMOUS

BOLS

GIN

Distillers since 1575.

This well-known Distillery was started in Amsterdaın "over

300 years ago, and the enormous sale of its products all over the World proves that it has successfully stood the Test,

sufferers from Kidney Complainte, etc., will save their Doctors

Bille by taking an occasional dose of Bols, Thousands can testify to its abilities as a' Kidney Cleanser.

•

HOLE AGENTS--

>

H. PRICE & CO., LTD

or Third Floor, in new building being WHITE AWAY LAIDLAW & CO., LTD. Entrance from Des Voeux Road Electric Lift to all Boore, Blairia light throughout. The plan can be seen and all particulare obtained at the Office of Tel. No. 135. MESSRS-PALHER A TURNER: Alxandra Buildings 3rd Floor, Hongkong 8th Dec, 1911,

12 Queen's Road Central,

HONGKONG.

Hongkong, 8th November, 1011,

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