1914-08-10 — Page 12

Commercial.

Chinese Cotton Seed Oil.

PUBLIC COMPANIES

HONGKONG & SHANGHAI

BANKING CORPORATION,

EXTRAORDINARY

MEETINGS.

+

*

THE HONGKONG TELEGRAPH, MONDAY, AUGUST 10, 1914,

PARTIOLE 76,—— General Meetings shall be held once in every year, at such time and place in the Colony as may be prescribed by the Company in General Meeting and if no such time or place is prescribed, than at such time and place' as may be determined by the b Court, and unless and until **otherwise prescribed or deter-** “mined as aforesaid a Gen- oral Meeting shall be held in the "month of February in every, เ year."

19,

ARTICLE 77,- The General

In presenting the report of the NOTICE OF ORDINARY AND legislative committee to the receat convention of the Inter- gtate Cotton-Boed · Crushere' Asecoistion, Ohsirman J. J. Calberison called attention to the possibility of competition from a new source for the markets of the world. He referred to Obina, where the yearly increase in the production of cotton 18 V

There are already marked. teven cotton sood oil mills in the city of Shanghai. Labour in China is cheaper than anywhere eles in the world, and although the pre- sont production of cotton-ased oil in that country is enough to supply its

the American needs, ket is being rapidly cut off by domestic production. It is reported that these Shanghai mills are reaching out for markets which our American crushers have regarded as their own. Indeed, there is a prospect that this competition may actively in vade our local markets and prove very harmful to our American cotton-seed oil industry, unless

OTICE IS HEREBY GIVEN

that the ORDINARY { HALF-YEARLY MEETING of the SHAREHOLDERS in this Corporation will be held at the City Hall, Hongkong, on SATUR- DAY, the 22nd day of August, 1914, at Noon, for the purpose of receiving the Report of the Court of Directors together with Statement of Accounts to 30things. June, 1914, and for the confirma- tion of the election of Directors.

Dat OWD mbt-

THE REGISTER OF SHARES of the Corporation will be CLOSED from MONDAY, the 22nd August, 1914, (both days 10th August, to SATURDAY, the inclusive) during which period

no transfer of Shares can be registered.

AND NOTICE is hereby also given that at the same place and on the same day at Noon or so soon afterwards as the Ordinary concluded an Extraordinary Half-Yearly Meeting shall be Mooting of the. Shareholders in this Corporation wil be held something can be done to prevent when the subjoined Resolutions It. Already shipments are being will be proposed as Extraordinary made from Shanghai to this contry, and one shipment of 350 barrels has been received at New York. An yet, the Chiness oil is said to be inferior in quality to the American product,

Timber in Johore. The Johore Commissioner of Trade's report contains the follow. ing re timber:-" At many places on the line there is reported to be valuable timber, notably in the Segamat district, and the time appears now to have arrived when it would be of advantage to the future resources of the State to detail a number of Forest Officers for duty at various points on the line, where there is good timber within easy access, for the two purposes of ensuring that im mature timber is not cut and of exploring the surrounding forests with a view to the nequisition of information on the distribution of the various species of the more

Resolutions:-

1)That the Directors of the Hongkong ud Shanghai Banking Corporation be and they are hereby requested and authorised by and on be. half of the shareholders of the Company to take the stops necessary to apply for the introduction of an Or dinance into the Legislative Council of the Colony of Hongkong supplemental to The Hongkong and Shanghai Bank Ordinance. 1866, and the enactment of the same by the Governor of Hong- kong with the advice and consent of the Legislative Council thereof to effect the amendment of Section 20 of The Hongkong and Shanghai Bank Ordinance 1866, hero- such after set out with modifications (if any) as they may think fit and to accept Buch Ordinance if and when enacted.

The following is the the amend valuable timbers. It would pro-mout above referred to:-The

bably be also of similar advantage deletion from Section 20 of the

if the cutting of mangrove and other similar woods were regulated as to prevent indiscri- minste and wasteful oatting and

said "Ordinance of the words,

so ensure a steady and profitable"

supply.

To take and accept any landa, bouses, or other real or personal property in satisfaction, liquida-

BANKS

INTERNATIONAL BANKING

CORPORATION.

Head Office-de, Wall Street, New York. London Once-34, Babopagate,' EC.

BRANCHES

Bombay Calza

Canton

Cabe Caloa Rapire

Hongkong Haakw

Capital and Surplus

BANKS

Bolling

HONGKONG & SHANGHA! Demand...1/10-9/16

BANKING CORPORA- 30 d/s 1/1056

TION,

EXCHANGE

T/T. Marks baptiserja Nom Demand Germany

Paid-up Capital .815,000,000 | D/D Shanghai 75 Nom.

RESERVE TUNDE :

Kobe

MASTER

Music

Pecama

Sterling

Paling

San Francisco

Shanghal

Yokolaus

£1,500,000 at 21-m-

$15,000,000 Bilver...817,650,000

Gold

EVERY DESCRIPTION OF BANKING BUKI NESS tragacted.

CURRENT ACCOUNTS opened on the "nin Reserve Liability

DEPOSITS RECEIVED, feed for one year st 4% per annum, or for shorter periods, at ralus, which my balued on application,

LILLS NEGOTIATED and COLLECTED. MAIL 24 TELEGRAPHIC REMITTANCES LETTERS OF CREDIT and DRAFTS granted THE BANK'S CIRCULAR LETTERS OF Most-DIZ e avaliable all over the World.

COMMERCIAL LETTERS OF CREDIT lowed.

PURCHASE and SALE of Stocks un Shares GRAVELLERS CHECKS sold and casbid,

Meetings mentioned in the last preceding Article shall be called Ordinary Meetings." ARTICLE 78.- All other mad General Meetings shall be on all the principal crefer to the World T called Extraordinary

10

(e) That Article 90 bó altered by inserting and adopting, after the word holding" in line five thereof the words "or representing by proxy and by striking out at the end of thesaid Articlo the words present in person." (f) That

decad

GEORGE HOJO,

Manager. Queen's, Road, Hongkong Hongkong, 1st Nov. 1912

THE

the following YOKOHAMA SPECIE BANK

words be added to Artiole 94: The Court may "from time to time pay "to

LIMITED..

Established 1880.

17

Head Office.-YOKOHAMA.

the Shareholders Authorised Capital Yen 48,000,000 30,000,000 "such interim dividends Paid-up Capital .

19,900,000 as appear to be just-Reserve Fund..... ified by the position of "the Coming," (g) That ty tollowing words be struck out of the first three and a half lines of Article 17, namely, the words "Half-

N

24

year ending the 30th June and the 31st. "December, shall make a

#

genc Half-Yearly," and that the following words bo adopted and substituted therefor :- "Year ending the 31s

day of December shall "make a General."

(h) That the word "Half"

be struck out of the 18th

Branches Antung-Halen

Bombay Calenci

Changchun

Dairen

*

Fenglien

Harbin

Hint

เฟ

Kobe

Was-Yang

· Lendan

Lyons

Tingiau

Agencias ist

Nagasaki

Newchwing

New York,

Oike

Pella

Ryolan (Part

Arthur)

San Franglis

Shorbai

Tabling

Tiesiais

Tokyo

Los Angeles

Telostau

Internat Allowed on Current Account..

D/D'Singapore ...................801

60 8/8.............1/10 11/16. 4 m/s ou....................1/10 3/4'

Private 3D d/s sight

7536

DD Japan

.9197

T/T India

reunita' sec

Demand India

......1401

T/T, Bɔnbay..............................

$32,650,000 Domand Bombay ...1401g..

.....

>!': T/T Calcutta Proprietors. .$15,000,000 Demand Oslouttä. .....1404

COURT OF DIRECTORS, Demand Manila ......92 Hon. Mr. D. Landale-Chairman, T/T. San F'co & N.Y. W. L. Pattonden, Esq. Deputy Demand, New York 4534

Chairman.

D/D. Java ........113

8. H. Dodwell, Esq. G. T. M. Edkins, Esq. O, 8. Gubbay, Esq.

P. H. Holyoak, Esq. J. A. Flummer, Esq. Hon, Mr. E. Shallim.

CHIEF MANAGER: Hongkong-N. J. Stabh

ACTING MANAGER. Shanghai-J. D. Smart, London Bankers-London County and Westminster Limited.

Hongkong-Interest Allowed:

On Current Account at the rate] of 2 per cent per annum on the | daily balance.

ON FIXED DEPOSITS. For 3 months, 2 per cent. per

For 6 months. 3 per cent. pe.

anaum For 12 months, 4 per cent. per

annum,

A. G. STEPHEN, Acting Chief Manager.

Subsidiary Coins. Discount per $100 :: Chinese...20 ots, pieces $10 Chinese...10

Hongkong.20 Hongkong.10

11

$112

6 $6

D/D,() Franca... On Haiphong . 17 p. On Saigon 6 1/2 On Bangkok

tel. Buvingariselata

4 m/s. L/C 1/11 1/4

4 m/s. D/P......1/11 3/8 1

6 m/s. L/C1/11, 1/2

30d/s.8'ney &M.

1/11 1/2

30 d/e.San co&N.Y

4 m/s. Marks

4 m/s. Francs

6 m/s. go

Gold Leaf per tas! .....

$57.90:

Sovereign...... 10.30 BarSilver, ready...27

forward

Bank of England rate

Opium Quotations.

Malwa, New

Malwa, Old

Patna, Now

48,300 per p

8,300

9,325 per obe

Patna, Old ..... 9200;

Benares, Now................. 9,050.

Benares, Old......... 8,9252.

TO-DAY'S SHARE REPORT.

5SELLERS +S4=SALES

STOCKS RFA Or Valus. ・・

BANKS.

Hongkong & S'hai $125

MARINE INSURANCES,

Cantons North China

Unions

*R-BUYERS N-NOMINAL

Cloring

מים

$50 31734 b. £5. T142 b.

$100 $795

£50 $194

Yangtszes

FIRE INSURANCES: China Fires siy $20 $155 Hongkong Fires $50 $998.

AйIFFINU. China & Manilas, $25" $8) Douglas Steamship $50 $31

Deposits received for fixed periods at rates to be HONGKONG BAVINGS BANK Steamboats

ained on application.

EISHIONO, Manager, Hongkong, 6th April, 1913.

[18

line of Article 174 and THE CHARTERED BANK OF also out of the 6th line of Article 175.

(i) That the word "twice" and the words "the 30th day of June and 4 be struck out of lines ard 5 of Article 176 and that the word "once" be adopted and substituted for the word twice" in the fourth line thereof. 6) That the words "or the

INDIA, AUSTRALIA AND

CHINA.

THE Business of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING

CORPORATION Rules may be obtained on ap plication.

Indo-Chinas

(Preferred) (Deferred)

· ·

$15 $27

£5 $56 b.

"Shell" Transports £1

£11

'Star Ferry

$10-$46...

Incorporated by Royal Charter 1853.

Дет

HEAD OFFICE-LONDON. Paid-up Capital

INTEREST on deposits is al- lowed on the minimum monthly balances at $3 per cent. per an-China Sugars Luzon Sugare

REFINERIES.

$100 $77) $100,- $28

MINING. 1.

Depositors may transfer at their £1,200,000 option balances of $100 or more Reserve Fund.... £1,800,000 to the Hongkong and Shanghai Chinese Engineerings £137/6. Reserve Liability of

Bank to be placed on FIXED Proprietors .........£1,200,000 DEPOSIT 4 per cent. per

annuma

Ordinary Half-Yearly" FOREIGN EXCHANGE and For the Hongkong and Shang-

and the words as the case may be " be struck out of lines 10 and 11 of Article 177.

General Banking business trans-hai Banking Corporation, seted.

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS re- Should the Second Resolution ceived for 1 year or shorter perioda tion, or payment of any debt be passed by the required meat rates which will be quoted on absolutely and bona fide pre-jority, it will be submitted for application. "viously due and owing to the confirmation as a special Resolu- Company, and also to take any tion to a Second Extraordinary

14

14

Mortgage or other lien or char

་

go on real or personal property

Wm. DICKSON.

Manager. Meeting which will be sub- Hongkong, 11th April, 1912. [2] sequently convened. Directors.

A. G. STEPHEN, Acting Chief Manager Hongkong 21st July, 1913.

as a security for any monies By Order of the Court of actually and bona fide pre "viously due to the Company or for which any person may have "rendered himself liable to the "Company, and to hold' such lands, houses and other real and parsoral property, respec- tively for such reasonable time as may be necessary for selling

JA

PUBLIC COMPANIES

and disposing of and converting 5.5. " TINGSANG", (Wrecked).

the same into money," and the

"substitution therefor of the

Rallway Construction. The new feature in connection withrailway construction inChina, which is embodied in the loan agreement for £10,000,000 signed by the Government with Messrs. Pauling's for the Shasi-Hsingyifa railway, is that the work is to be done by contract, a firm of British consulting engineers acting with the Chinese managing director in drawing plans and supervising the work, which is to be carried out by Mesara. Pauling's. As no seotion is to be commenced with- ont specifications and costs approved by the Chinese, the price of the work will be kept dowa to the lowest limit consistent with efficiency. In this respect a great saving should be effected." Arm of British accountants will be engaged to deal with the accounts of the loan, which is for forty years at five per cent, and is guaranteed by the Govern- ment so well as being secured by mortgage on the line itself.

Rickmers Line.

In connection with the state- ment at the annual meeting of the Rickmers Company that negotiations are proceeding with the East Asiatic Conference lines, the Hamburg correspondent of the Kossische Zeitung Bays he learne on inquiry in authoritative quarters that nothing is known of any such negotiations. It is true that some time ago, on the initia- tive of English members of the con ference, negotiations took place with the Riokmera Company, but they were broken off by the Hamburg-American Line because the conditions put forward by the former appeared to be unaccept able. The correspondent' under stands that among the directors of the Bickmers Company discus sions have taken place with s view at avoiding any further aggravation of the existing rate

SHI

HIPPERS and Underwritera "following words:"To take, interested in the cargo of accept, enforce, release, realise, this steamer are requested to

NOTICES

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

1

(Capital Paid up...$1,250,000.)

Goods received on Storage.

or deal with any security now communicate with the Under-Loans on Mortgage of House Pro- held or which may hereafter be signed within three months from perty, Szo. heid by the Company, for any date. monies owing or to become owing to the Company, or for any liabilities incurred or to be

GILMAN & Co.

Lloyd's Agents

incurred towards or by the THE HONGKONG, CANTON & Company by way of mortgage; MACAO STEAMBOAT Co., Ltd. pledge, hypothecation, deposit

"or otherwise howsoever of every

kind of property or rights.”

(2) That the Deed of Settlement NOTICE TO SHAREHOLDERS

of the Company be altered in

manner following:-

(a) That the following words

** A. G. STEPHEN, Acting Chief Manager.

Tronohs

21 26/3 Raubs

£1 $3 DOCKS, WHARVES, & GODOWNE Kowloon Wharfa $50, $85). HK.&W'pos Docks 850838. Shanghai Dooks T. 100 . 55 b. Hongkow Wharfs T. 100 T. 91 b. LANDS, HOTELS & BUILDINGS Anglo French Lands T.100 T.94°

EUTSCH ASIATISCHE H'kong Central E'tes $100 $109 en

DEUTS

BANK.

Capital Fully

Paid-up...Sh. Taels 7,500,000 Head Office-Shanghai, Board of Directors Berlin. Branches: Berlin Calcutta Canton Hamburg Hankow Kobe Peking Singapore Tientsin Teinsnfu Taingiau Yokohama.

Hongkong Hotels: $50 $128

Hongkong Lands $100 $116 b.

M

Humphreys Estates $10 $73. Kowloon Lands $30 844 Shanghai Lands T. 30 T. 92 b,

West Points

1

$50 $71

Manila M'pole Hotel P.10 P. 8

COTTON MILLS

LONDON BANKERS: Messrs, N. M. Bothschil & Sons, Ewos VR CUT. 50. T. 137 The Union of London and Smith's Shanghai Cottons

"Bank, Limited.

Deutsche Bank (Berlin), London Laou Kung Mow

Agency, Direction der Disconto. Gesell-

T, 123

· LAST DIVIDEND AND PATHI

„£2 & 5/- b. at ex 1/11 8/16)

equal to $23.29 for 14 year ending 31/12/13

Final of $3 a/c 1912. In-1 terim of $18-a/c 1913 Final of 10 p.c, making

20 p.a. for: 1912 - h

Final of $20 making 850 】:! for 1912 and Interim of 830 for 1913 Final of 812 mak. $15 for

1912 & Int. of$3 for 1913),

$10 for 1912

· $27 for 1912-

$1 for 1906

82.50 for year end'g 30′6′′13 · Final of $1" for "half]"

year ending 31*1819 (3% Interim álcˆ_year!

1913 on preferred

"shares

(Final of 5}- making:

7/- for 1913 Coupon No.

$1.70 per share and bonus of 30 cents per share for year ending 30°4′19 *** $3 for 1912

$3

for 1897

Interim of 5% Coupon No. 3 account of year ends ing 30.6.14

Int. of 1/6 mak.6/68/0.1913 -1/2-for-1909.

$3.50 for year 1913

$3 for 1913

Tis. 3 for 1912

Interim of Tie 3 for, 1913

Tic. 6 29'2 10

First year

$7 on old shares, $3.50) on new shares for year 31'12 13

$12 for 14 year ending 30.6.14

50 cents for 1913; $2.80 for 1913,

Interim of 5 p.o. for year ending 30′ 6'13 $2.00 † for 11 year ending 30:6-142

15 per cent. for 1910

Tie. 15 for year ending)

$1 10'13

Tie. 10 for year end.

ing 30*6*18

LA

T.12foryear end'g31′12 12, Tls. Ifor yeag er ling

*30*11*19

50.cente 81.7.08.

b.

$1.20 for 1913

T. 84 Kang Yi

IT 124 b. schaft

Hongkong Cottons $10 $74 b.

MISCELLANEOUS, A Dresdner Bank. Advances made on Merchandise: Loans made on the Provident INTEREST allowed on Current China-Borneos $12 $11

$4.90 Bystem

Account, DEPOSITS received Light and Powers $101 (Rates and Particulars on ap-on terms which may be learned Do. (Spec. shares) 1

Particulars on ap-on terme, which may, to impron China Pridents 11 843 -plication).."

$8-$38 The Office of

of Banking and Exchange busi Dalry Farma? TRUSTEE, EXECUTOR. OF ness transacted. 2 nd wave Green Islands $10 $6.60 b.

Hongkong Electrics $10. F43 WILLS, ATTORNEY, &c,

MAX GUTSCHER Hongkong Icon215 Undertaken and Executed.

Manager. 12

Hongkong Roper,

$10 $25

Langkats

g.. 10 Hongkong, 9th Oct. 1911.

$25 $29 $10 $10

SHEWAN, TOMES & Co. General Managers.

be struck out of lines two AN INTERIM DIVIDEND OF Hongkong, 19th March, 1908

FIFTY CENTS per share

and three of Articles 56, for the Six Months ending 30th namely, the words "for not June, 1914 will be PAYABLE on exoseding fifteen days FRIDAY, 14th AUGUST, 1914, before and seven days after on which date Dividend Warrants every ordinary Meeting" may be obtained on application nt and that the following the Company's Office. worda be adopted and The TRANSFER BOOKS of substituted therefor; the Company will be CLOSED namely:* during such from Tuesday 4th August to Fri- time as the Court thinks day 14th August (both days in- fit, not exceeding in the clusive), during which period no whole thirty days in each Transfer of Shares can be Rogis- tored. the following (b) That

By order of the Board of Direc- words be struck out of tors,

year.

the last line of Article

56, namely," after the

JOHN ARNOLD,

Acting Secretary

Mesting and that the Hongkong, 28th July, 1914.79

following words be adopted and substituted therefor, namely, after the re-opening of the Register,

(0) That Articles 76,

and 78 be cancelled.

(d) That the following

NOTICE.

NOTICE

E have closed our Retail

EF BLACKHEAD & Co.

Artiolos be adopted and W Business until further

substituted for Articles notice. 7077 and 78, namely

P

EAK TRAMWAY, 00 LIMITED..

TIME TABLE.

WEEK DAYE

7.00 to 100 20.. Eyzxt 15 bx. 100.2.1, 10° 10:00,mal: L - 10.00 381 30 11:00 AM

ASS 13 to 5.00 7.34, 30

J

A

NIGHT CARS, 1.56.1 and 9 T.ML, VIND HIM, LO £1.00 al. hat heure

LDO .M. to grus 734

Pyery quarter of an hour,

SUNDAYS "TU"AND" 10" 10:30 AN, “Evnet zy Mrs.

10 Mix:30 AM, to zean Noon Ne

5,00 FM; 10°, 1on van my! 19 Ma

NIGHT CARA, 'si to'; Walk Days, '

SATURDAYE

„SPECIAL CARI

BALammesden - Budičlani :

Dea York Road”)

THE MERCANTILE BANK OF INDIA, LIMITED, Authorised Japital ......£1,500,000 Subscribed

Morning Post Peak Tramway

48

b.

b.

Do. (new) $190 ota. s. ...... 1,125,000 Hongkong Electric Trams 11/6

562,500 465,000 Philippines

810-135 H. Price & Co., Ld. $10 $6

Pre Societe desferred

1

|Paid Up

Reserve Fund

#

BANKERS:

Bank of England. London Joint Btook Baur, Limited."

Every description of Exchange business transacted"

Interest allowed on Current As counts at 2 per cent per annum on Dally Balance and on Fixed Deposita at rates which may be ascertained on application.

AR. LINTON

Managor

THE LEXANDRA CAFE Cannot

Besten, f. Equalled. For Bread, Cakes, Confectionery and meals with Wines & Liquor

Pulpeset $50 $20 Papeteries

paid du Tonkia up. $50.

Benefit $200 Shanghai-Sumatras T. 20 T150 Steam Laundry $5 $5 United "Asbestos】

Oriental Agency, $10 3912 b. La

United Asbestos?

Founders Shares $10 1300- Union Waterboat $10

Weismann, Ltd.

$10 $80 b. $103714 Watson William Powell, Ltd. $84.

818h b.

70 cents for 1913

$1.30 for year and g 31:7′13 40 cents for 1911ostal $1.80 per share for 1913- Interim of 82) a/c 1914. $2 for 1913

Interim of Th. 1 m. Ling Tis. 2 a/o 1913 None.

80 cents on fully paid

shares and 8 cents on

$1 paidshares for year ending 30.4.14

Final of 6d. making 71, madd

por share for 1913.

None

$1.50 for 1910

None

No'dividend this year

35 cta, for year end g 31.5.14

per cent. per ordinary share for year ended 3151912

$1.25 per share for year?

onding 3112 1919-

25 per cent. for year

ending 91711

70 cents for 1919.

50 ots, yearending 6.30.19

NI HODI