1913-11-24 — Page 9

HONGKONG HOTEL MPANY LIMITED.

THE HONG KONG TE LEGRAPH.

EXTRA

HONGKONG, MONDAY, NOVEMBER 24, 1913, 4,30 P.M.

holder) canuct either pad an will have no cause to grumble. Ordinary or Sprsial Resolution to It does not matter one cent to a stop such a eale perhaps the holder of shates in the proportion ather Directors object, or do the of 3 old sharea and 2 now shares, "old" shareholdera ?

for what he was underpaid on the "new" shares he was over- paid on the "old," but it he has sold his "new" shares then the buyer (whom the Company has accepted as a shareholder) natur ally wants his proper dividend.

Mr. Maitland states that the Direators, as businessmen, do not

in their bold ngs, which given to me as followe

Dr. Noble 1,112 old. 464 new. Mr. F. Mait nd

holding 19

the Directors' Resolution,

are

FAR EASTERN NAVAL SQUADRONS

HIS BRTANNIC MAJESTY'S SHIPS ON THE CHINA STATION.

2nd class oruiser 1st cisas oruizer River gunboat Surveying ship 1st class cruiser 1st class cruiser River gunboat 2nd class oruiser River gunboat Torpedo-boat

Torpedo-koat destroyer

Rivor gunbuat

1,200 Lt. Com. H. Marryatt

Capt. F. C. O. Pasco

27,000 Capt. E. B. Kiddle 22,000 Capt. B.H.F. Barttelot.

800 Lt, -Com. Alan Dixon 22,000 Capt. Frederick A. Powlett

'240 · Lt.-Comdr. M. Murray, 6,300 Lt.-Com.R.W. Wilkinson Hongkong 7,500 Lt.-Com. E.J.G. Mackinnon

240 Lt.-Comdr. Nash 1,400 Lt.-Comdr. N. E. Archdale

240 Lt.-Com. Maurice Leslie

West River

Com. R. H. Anstruther C.MG Hongkong

Namo

Alacrity

Class Despatol-boat

Tons Guns 1.H.P. 1,700 · 12

Commander

Reported at

2,000

Comdr, A. Cochrane

"Hongkong

Atlos Bramble

Admiralty tug

Maater W. West.

Hongkong

Gunboat

'710

2

900

Lt.-Com. B.E. Priobard

Yangteze

Britomart

Gunboat

710

2

900 Lt.-Com. W. H. Darwell

Hongkong

British sloop

1,070

1,400 Comdr. H. Williams

Shanghai

Water tank and tug.

390

300 Master H. Smith

Hongkong

British sloop

1,070

6.

1,400 Comdr. Mackenzie, D.S.O.

Penang

Torpedo-boat destroyer

360

6

5,700 Lt.Com. Wilkinson.

Hongkong

4,350

10

7,000 Capf. C. F. Corbett M.V.O.

Weihaiwoi

10,850 10

20,500 Capt. M. R. Hill

Weibaiwai

.. 618 4

Yangtze

1,040 14,000 9,800

Labnan

Weihaiwer

Weihaiwei

180 2

Hongkong

*4,800 12

Shanghai

85 2

Yangisze

385 8 590

Weihaiwai

85 2

Depotship for Submarines 980

Canton

River gunboat

85

2

240 Lt.-Com, I. S. Hatton :

West River

River gunboat.

85

2

Yangtaze

Torpedo bost destroyer

350

8

6,000 Gunnar W. H. Ryder.

Hongkong

Receiving ship

4,650

8

River gunboat

180

2

800 Lt.-C. Hon. Guy Stopford Yangisze

Gunboat

710

2

900 LA-C.HR.N. Cotrell Dormer Yangtsza

Yours faithfully,

A. R. LOWE, Chartered Accountant

Usk Virago

Torpedo boat destroyer

500

7,500 Lt-Comdr. Maxwell

Weihaiwai

Torpedo-boat destroyer

355 - 6

8,300 Lt-Com. H. D. Adair-Hall

Weihaiwo

Welland

Torpado-boat destroyer

Whiting

590.- 360

7,500 Com. Seymour

Weibaiwei

8

5,000 Lt.-Com. R. Neville

Weihaiwei

Widgeon

Gunboat

195 2.

800 Lt.-Comdr. J. C. Borratt

-YBugtazo..

Woodcook

Gunboat

Woodlark

Gunboat

150 2 150

500 Lt.-Oom. M. B. Blackwood

Yangtare

500 Lt.-Comdr. Lloyd ---

Yangtsze

SPORTING GOSSIP.

0.38,

Lt-Com. McGillwie

Hongkong

0.37.

Lt. Com. J. Gaimes

Hongkong

0.38,

Lt.-Com. Pope

Hongkong

T.B. 035,

Lt.-Com. Handley

West River

T.B. 036,

Lt.-Com. Stilemaa

Hongkong

T.B. 037,

Lt.-Com, Nicol,

Hongkong

T.B. 038,

Lt.-Com. H. W. Beymour,

Hongkong

4,000 45 8,000 Capt. Hauts

Shanghai

A DIGEST OF HAPPENINGS AT HOME.

forpedc-boat destroyer

130 old. 33 new, ntinued from Page 9.)

Mr. J. W. C. Bonnar Nor ona I see, for the same

50 old. Nil nów. ut, this controot with the

Mr. J. Scott Baraton oldese. It does not matter reason, how-this terrible share

50 old. Nil new. or be anys the bargain was holder can force the Directors and

Mr. W. H. Potts (on leave)... with the old shareholdere other shareholders to set aside

70 old. Nil new. new. The bargain was more than they desire for the

99 new. with the then shareholders, purpose of paying off debentures

I also hold 25 old. Mr. Bowley, who is not a Cadmus great number sold this or other purposes. Why does Dr. in with such rights as the Noble create this bogey of reduced

consides it in the interests of the Director, but who spoke at the Cherub in gave them. All the old dividends?

Dr. Noble tells you this naughty ew shareholders had a right pect was a 10.8 per cent. shareholder, or shareholders, have shareholders as a whole, or is the meeting in favour of the Resolu- Clio

was doing so contrary Hampshire and from 1910 onwards as threatened to buy up the shares intercats of the Company, to tion and would have us believe Fame

Surely, most businessmen who he s have turned out, and what to make themselves sufficiently make the shares fully paid.that in voting for the resolution Flora $5. 'old Merlin appened has been the old powerful to carry out their wishes. have large liabilities and an over to his own interests, is on the Kineha received 12 per cent. Some Well, why shouldn't they? It is

common with every one of the Monmouth therefore, of the share-a matter of money and is done draft at the Bank are not usually list

I think, rs have lost on the bargain, every day. Have not other Com-Averes to a little more capital, and only 33 new shares, so ho, in Minotaur Newcastle I feel sure that Mr. Maitland, Directors, gains by supporting Moorhen they are the new share-panies' shares been bought up

I think the Directors might Nightingale ra. Is it so anfair, so wrong with a similar object and are we rinciple, or each pasound not all willing to part at a prica ? in his anxiety ta let the absentes eas, that the sufferers should I ask Dr. Noble whether he has shareholders have this situation

me that the facts I bave stated in usual equis of publishing the Ribble after three years ask for not played this game himself, ie, fully tafore them, will agree with have carried the simewhat un-Otter original bargain to be falfil-bought up to gain his own leg. nd yet waive compansation?itimate ends, or held out for his this letter, and my deductions amea of shareholdera voting on Robin Snije of each class. Noble eaya, the Directors owa price. It is a perfectly legal therefrom, will tend to carry out each side a little futher by ad- Rosario

-Anybodÿ has a right by law to Taka xceedingly anxious that this and fair game if one can afford it, his laudible motives, and possiblyding the number of shares hold Sandpiper

Dr. Noble asks Mr Grist if his iufluence the cancellation of prox- lution should be pascod."

of members, and according to the Teal this exceeding auxiousness, clients will agree to the cancella-ies, kindly issued by the Com

Articles the demand for a Poll Thistle as he means pure cussedness, tion of $200,000 of capital on the pany, for more lates oner, if this inspect the Company's Regia er Tamar

can be withdrawn. We are all very much indebted anxiety to cover any personal ground that it is not want d. letter reaches them in time. ility he and his colleagues Why should Mr. Grist object to have incurred through pay the Court being asked to do this to the Directora est scially Mossre the dividend out in March so long se all shareholders are Noble, Osborne and Potts, for their after they were notified such treated alike? That is not what hard work in reorganising the dividend would be illegal? Dr Noble says he is willing to Hotel and making substantial at else have they to worry do, however. Perhaps the Court profits, and we trust the presant ut except the law of the land would say the capital of the Com: Directors will continue to do so the laws of the Company, pany, according to its Memoran- instead of wasting their time in ich it is admitted are the same? dum and Articles, is 20,000 shares monkeying with its Constitution, il to see why it is necessary of $50 each. If you produce the which they are paid to administer, "la conolusion, I shall like to the Directora to be sa soxious consent of your creditors, there is not to vary.

Golf. break either, or in other words no reason why you should not be a law unto themselve. I write down the ospital by $200,- point out that in my opinion the

The Amateur Golf Champion- te agree lots of us would, but 000 making it $800,000 in only bright spot in both meetings o not gather we are anxious to 20,000 shares of $40 oach. How as published is contained in the ship has been arranged to be tsken for children, nor yet in you are going to divide this words at the very end that "The played on the Royal St. George's concern of the Ch irman did not vote." I take Club's linge at Sandwich, on May $200,000 is no r dotage. Article 108 states Balance Court so long as your sharehol-off my hat to you, Mr. Scott Har 18. next and the following days. eets must be presented ball- deri agree, but the most equit-toq, Solicitor, but wish you had The present holder is Mr H. E. arly made up to a date within able manner seems to be to pay read up the past history of the Hilton, Royal Liverpool. months of the meating, which off $10 per share on 12,000 shares Company or, if you have done so, 828, in this Company's crée, costing 8120,000, and unless you had given it to the meetings with A meeting of the Gloucester- fore the end of February and want to borrow the money to do your deductions therefrom, 86 88 shire County Cricket Club Com-

will have to call up 815 to guide shareholders voting milteo wao hold a Bristol on Dapleix. this you ugust in 1918. De Noble says

Jane accounts have been per share on the 8,000 elarea now Perhaps, however, you only hold October 19 and adjourned for s Kleber ady for weeks past and kept $25 per share paid up, but what-old shares and do not consider fortnight, the chief topic discussed Lecides

county, which started the season Vigilante... ck pending the passing of this ever you do you cannot reduce you have either a legal or moral being the financial state of the Argus with 2300 in band but now re- Peiho solation, and if the latter the rights of any shareholder to right to vote.

accounts less than an equal dividond per

porta a deficit. It is proposed at Dondard de Lagree, Gunboat not passed the ill be held back for a farthersbare unless you get the consent of

Since writing the above, I have the annual meeting, which will

Lyor eriod, perhaps indefinitely, that shareholder or shareholders.

Protes nd intances the hardship on Clause 48 of the Companies obtained from the Company the be held at Cheltenham for the ho "Home" shareholders. By Ordinance is quite clear on the list of present shareholders, and first time, to make a new, class of p in view of Dr Noble's statement, membership at one guinea, to 8

Fronde what right have the Directors to point. Dr. Noble, however, it

l'Iberville et in this arbitrary manner? Reome to me, thinks, the people Yet I ko will will profit by the admit any two members of one

Pistolet Vhat not blame himself and his who hold one class of shares success of the clients of Mr Grist, family, At present the ainglo ulleagues who are acting illegally should alone agree to cancel part for I hold 434 of the original membership is 15s, and family

Yet I am tiota 30s.

Vanche a not issuing the secounts? He of their interest in the Company as no right whatever to put the for the benefit of the other. It partly paid issue.

wrong in principle and a bad members of the Lancashire lame on the one or two deter-all boils down to this, that the PFed to, the oleme, as it is The Church Cricket Club, Mousquet tained shareholders. These latter old shareholdere have sold part business transection, I must League, have made a new depar- are not stopping the recounts, or of their rights and now want to further point out that Dr Noble tore with the object of developing it ie childish curtail those sold rights for their did not merely hold the 3 to 2 the abilities of their young play. ihe dividend;

say this, for the Directors are own benefit-in other words,

which would be 728 to 484 next ersson in Barry Owen, who

Jaguar The only persons capable of they now want to rusicas the cake prop rtion of old and now shares, ere, by appointing, & cotch ler new. He is down in this list for for the past three seas ne has issuing the accounts, not any hey have estea. Most obiren

Lucha shareholder, and as regards thed, but surely men ought not to 1,112 old and 484 now. Will he been coach and groundsman at s he was previously professional to

Nurnburg dividend the Dircotors can de-expect it.

b1uidar-tha ireamtipeas, clare it or recommend any sam To call up the uncalled and unexplain how he profits under these public school in Windermere, and Leipzig not inconsistent with the powers it will only require $6,000 exten paat, and his present goheme Dr the Longsight Club, Sixteen

Scharnhor kiven them. Now the sbe out of the profits each half-year to Noble draws in Dividends an years ago he was gronndeman for Otter Accrington (Lancashire League) S. 90 Club, when the late Johnny Tako holders have put both feet down continue the 12 per cent. dividend follow

Briggs was professional,⠀ on previous paladministration of on the fall capital of 81,000,000. dividends, it the Directors to either declare and have not yet point interim dividend under Article this.

k

*

"

124 so long as they do not pay out

Fred

Anyway, are was no reason. in 1912 why thịp could not have

Addendum.

1,112 at $6 per aa-

Dum

$6,072.00 23 per annum 1.452.00

Under Mr. Grist's scheme o

Cricket.

*Flagship of Admiral Jerram, K,C.B., C.V.O., O.M.O. Commander-in-Chief.

Kaiger Franz

Joseph I Armoured cruiser

FOREIGN Men-of-war on THE CHINA AND JAPAN STATION

Armoured cruiser Armoured cruiser Gunboat River gunboat Gunboat Gunboat

French.

10,014 30 20,000 Capt. Vergos

9,700 12 18,600-Capt, Gourts

645 10

570 Lieut. Dordat

**Flagship of Rear-Admiral Colloch de Kerillis, Commander-in-Chief, the French China Station

-

Fhip of Commodore Boucicaut, Commanding the local defence Indo-China.

German,

Shangbai

Hongkong

1,000 Lieut. Vandier

Saigon

180 8

Canton

123 .7

500 Lieut. de Jervillier

Canton

130

Liont, Collin

Tongka

-

Lieut. Dupuy Dutemps Tehong-kin

Submarine

Lieut. Boluir

Saigon

:Submarine

Saigon

Armoured gonbost 1,798 10

1,700

Lieut. Guillaume-Louis

Saigon

Destroyer

350 7

303 Lieut. Aurillac

Saigon

Destroyer

Capt. de Frigate Rouisen Hongkong

Destroyer

130 7

300 Comadr, do Marquessio

Saigon

Destroyer

307 8

Surveying-ship

300 1,625 100,000 Com. Voisin

Saigon

Saigon

singtau

Tsingtau

Canton

Shanghai

Tsingtau

3,250 24 11,000 Capt. richen

Hankow

Gunboat

900 10 1,350

Cruiser

3,400 22 13,200 Lient. Firle

Comraberger

Tsingtan

Yangters

River gunboat

pt. Bosing

Teingtan

Flagship

11,600 36 26,00 Capt. Lt. Branner

Tsingtau

400 8

Bd

Oblt. z. 8. v. Maubonga

Tsingtau

Torpedo-bost ..Gunboat.

280

4350 Comdr. Bocker

Tangtau

.

100

River guubost River gunboat

222

1,300 500

Capt. Lt. v. Moller

Canfou

Oblt. z. 8. Dressler

Yangtse

Portuguese,

1,757

700

Enden Gneisenau (11.8

Craiser

Armoured cruiser

Gunbost

Gunbost

Craiser

Torpedo-boat

Cruiser Gunboat" Gunboar

3,600 22 13,500 Capt, v. Muller

11,000 36 28,000 Captain Braning

1,300 Comdr. v. Ga

900 12

900 12 1,300 Comdr. Lp

TEL

Capt. Annibal de S. Dias Hongkong Capt. Martins

Maceo Capt. Luiz A. de Magalhaes Correa Maca

STATES VESSELS ATTACHED TO ASIATIC STATION.

UN

Babmarine

With the exception of Sidney Tiger

Taingtan Barnes, who is sailing by the in-

Vaterland dinte bast, the Braemer Castle, the members wing. po,ics.vvteam love Africa were to more on one share than angkere uren the caso, for last year's pro

leave on October 18. They journey which is illegal, available, fit (peraccounts $151,0:0), which | not wish to pay out have tatilled $163,000 if

the ten o'clock special boat-train Adamnator is aboutday brou poid on the capital had been dulled up, calling up the Capital, Dr. Noble from Waterloo to Southampton, Macao more than wasions to the new were sufficient to provide a 12 will have to pay in out of his own where Inter in the day they were to Patria

olders,viz), $1.50 per share, per cent. dividend on $1,000,000 money (or borrow from the Bank embark on the Union Castle liner then I am sure nobudy cin-$120,000, also $20,000 as at 6 per cent) $25 per share Sazon. Prior to the sailing of the object, so long as the old abare more than a reasonable 10 per on 484 shares-$12,100 at 6 per boat, the team, with some friends, holders get no more than $1.50. cent. depreciation on Faraiture, cent.-8726 per annum. He will were to be entertained on board by Dr. Noble says he can canly gay ets., and leave a further $23,000 then draw in dividends 108 per the Union Castle Company to an 1-2 ordinary resolution-what more for extra dividend or to provide cont. per annum, cr $5.40 por informal luncheon. The team A-4 does he want? Isn't he trying far more than sufficult for any de- share, viz,: 1,696 Shares consists of thirteen membera, 4~, to get more than he is entitled to preciation, reserve necannery for 88,018.40 minus 8728 payable and, as usual, will, in addition to kĺbany for the old sharesholders, and is the rebuilding of the hotel on a in interest, net 381,802.40, or other fixtures, take part in fyr Bainbridge ho not the obstruoting party? 75 years' life basis. What did the loss to him of $231.60 per sunum

Test Matches.

Barry - Dr. Noble says he is willing to Directors do with the $163,000 by supporting Mr Grist, and this

Wilfrid Rhodes and Booters, Callea pay off the debentures to meet in 1912? They paid $12,000 more loss will increase if fatore divid- of the Yorkshire countthe team Chauncey the views of the shareholder in in interest to outsiders instead of ends increase. If Dr Noble can who are accompanyir left Hud Cincinnati question if he is allowed to sell s dividend, only $80,000 in di- find money costing him 4 per to tour Bouth A

17 by the Dale the Hotel Mansions," but com-vidend to shareholders, and wrote cent, or under, then I enn under-dersfield on King's Croas, en Decatur plains he is not allowed. Article off as depreciation and reserves stand his allusion, clso he appears 123

to have sold or transferred 200 105 (9) given the Direotra power 845,500. to sell any of the property of the Company. Where is the difwards can be used to increa o the perhaps at less than the 264 per ir departure they were Mohican

tertained to luncheon at the Monadnock foully? If, as heways, it is to 12 per cent, dividend, then even cent. profit he mentions.

Whatever the Directors' view doanty Conservative Club, and Monterey

י,

Better results in 1913 and on-new shares in August 1912, buthampton when they Elcano

route

the Saxon. Previous Helena

7,500 Coinuander M. L. Bristol Cruising

Ensign G. Bradford

Unvite

Ensign W. H. Pastley

Ensign H. L. Rakel Daffer

Eniga O. M. Yates

Protected oruiser

3,430" $10

Torpodo-boat dos. Torpedo-boat des. Gunboatga Torpedo-boat destroyer Protected cruiser Torpedo-boat destroyer Torpedo boat destroyer Gunboat Gunboat Station ship

Monitor Monitor

Gunboat

420

8,000 Liat. E. A. Spruance

Osvite

420.

8,000 Lieut. C. 8. Keller

243 420 7 3,183 11 420 7

250 Ensign W.L. Heiberg

Canton

Cavite

Craising

420 7

620 4

1,392

8

1,900

3,090

6

3,000 Com W; 0. Cole

4,084

5,277 Com. W, O Cole

243 8 8542

Bepair ship

of little nge for Hotal purposes, I the old shareholders, who recog. am with him on this point, and nise the morality of my reason- may be of the rights or wrong Emong there present were Haigh, Pampanga the shareholder abjecting cannoting but do not like it because it of the question, it appears, dair Bates, and come members of the Piscataqua Ben going-tag

stop him, because it (the share might have hit their pockets, monetary interests are plected Yorkshire Couply Committed,

Pompey

3,085

8,000 Ensign Woodson 10,000 Com. J. V. Chass

8,000 Ensign F. T. Berry 8,000 Ensign F. Cogswell

600 Lt. Com. V. S. Gannon"

1,088 Com, G. R. Marvell 1,100 Lieut. V. R. Lowe

Ensign PJ. Feylon 1,600 Lieut. 8. W. Wallace

Com, O. W. Cole

Cavite

Shanghai Shanghai

Cavite Olongapo

Cavite

Canton

Cavite