1919-03-15 — Page 11

THE HONGKONG TELEGRAPH.

SATURDAY, MARCH 15, 1919.

COMMERCIAL NEWS.

THE AEROPLANE.

FINANCING TRADE.

HOW IT WILL AFFECT THE EAST.

TO-DAY'S NEW ADVERTISEMENT.

THE BRITISH ANTI-FOULING COMPOSITION AND PAINT COMPANY, LTP.

HONGKONG : BRADLEY & CO LTD

TORPEDO

Deglabered Trade Mark,

BRAND

-HONGKONG: THEBANK LINE, LIK

Anti-Corrosiva and Anti-Fouling Compositions AM manufactured at the Company's Works, BARKING, ESSEX. CONTRACTORS TO THE ADMIRALTY

These well-laden Composition afford unsurpassed protection against Rust and Fouling. Their Erm adherence and smooth, untesten surfsie tend to increase speed and save coal conSZTAPÍŠNA, AGENCIES AND STOCKS AT AIL THE PRINCIPAL PORTS

HEAD OFFICE: 130, FENCHURCH STREET, LONDON, E.C. 3. And at Cardiff, Liverpool, Nememstie-on-Tyne, Glasgow, Sunderland, West Hartlepool, Widdlesbrough, Hull, Bouthampton, Dunkirk. NEW YORK-THE FEDERAL COMPOSITION & PAINT Co., ltd., 17, BATTERY PLACE.

FLYING-BOATS TO NORWAY

YORKSHIRES PLANS FOR PEACE INDUSTRIES.

ΠΑΙ

that

It is no surprising in was like Leeds and Bradford, where sircraft production takes a fare most place in the new enterprises fostered by the possibilities ca peace-time sion in this ephere of industry are being eagerly fecessed Firms which have executed important orders for air service artarning their attention

FRED CROSS FLOWER STALL.

A SPLENDID RESULT.

"The Hon. Mr. F. R. Hallifax. Hon. Secretary of the War Charities Committee, writes:

The Red Cross Flower Stall at the Hongkong Hotel being now. closed, the War Charities Com tee have to acknowledge the handsome subscription i

2.26in at from this source. The kidea of the Flower Stall origins

SILVER BADGE MANNERS.

The Report has been published

One of the many changes of the important Committee which we may see in the East appointed in November, 1917, hereafter, says G. B. Leicester in and presided over by Sir R. Shipping and Engineering, will Yassar-Smith, the chairman of undoubtedly

occur when the Lloyds Bank, to inquire into the aeroplane arrives; the carriage provision of financial facilities of mail and passengers for trade after the war, and how eventually come to be an every- far the resources of the existing day matter.

must

H HALL

ANDREW'S HALL

CITY

ST.

LÁST NIGHT

MALINI

TO-NIGHT.

Prices $3.00 8 2.00

will be against another. Now that Ger M. Y. SAN & Co., Ltd.

HONGKONG.

HIGH GLASS CONFECTIONERS

AND

BISCUIT MANUFACTURERS,

35

banks and financial institutions During the war the aeroplane many require supplementing proved its great usefulness by for this purpose. It is a carrying hostilities to a most document which deserves to bitter extreme, one country be, and doubless studied with every attention. many has received the coup de alike by the business world, the grace, and the war ended, the Government, and economists aeroplane will become a useful generally, although, coming out factor in the commercial enter- as it does at a moment when prises of the future. many of the conditions of the In Europe, the question of period on which we are about to arranging an aerial service, con- enter are still so uncertain, it connecting countries and continents, do little more than point a little is under the consideration of the roughly and vaguely to the lines various governments. Experimenta of policy recommended. The

are taking place and a general ad- Report was signed as recently as

vancement made on all subjects. November 21, so that publication Roates have been mapped out, has been distinctly more prompt and aerial stations are in the pro- than in the case of that of Lord | cess of construction. Mailservices Cunliffe's Committee on after-war in some instances are already in I doubt whether, in the whole problems of currency and banking, vogue. International passenger of their history, the manners of to which it forms an essential ap- services we may expect to see the English people have ever been pendage. It will be noticed, how-established during the course of better than they were in the last ever, that it agrees with Lord the next few years. This means five months of 1914 and during the Canliffe's Committee in laying of travel, evidently, will receive first half of 1915. The whole stress on as early a return as pos- the approval of all classes. Just Face was conscious, subsible to the restoration of an imagine we people of Shanghai conselous, of a peril greater than effective gold standard as the only spending our week-ends in any that had threatened before, proper check on undue expansion London. A few years back this JARDINE, MATHESON & CO., LTD,

AN ANTIDOTE FOR

LOST TEMPERS.

In the course of an article, Wolner Whyter writes ~-

or

and we were all comrades, with of credit, and on the necessity would

have seemed an

the design and construction offed with M. R. A. Nicholson, of one thought and one determina- (of taking steps to reduce to more possibility but now-

the Cosmopolitan Dock, who suppliest the larges: part of the blooms from his own garden: and was carrial out by Mrs three months that the continued has organised ingerson all the detail.

im-

tion-to face the peril shoulder to normal proportions the actual Up to the present we have not inflation of credit resulting heard of any general movement shoulder,

That feeling of comradeship from war conditions. The Report under consideration in Shanghai We ceased also emphasizes, as Lord Cunliffe's for the purpose of floating an affected all our acts. to be cold and grumpy. We were Committee bad done, the Aerial Business Combine though

Well known for beat Materials, up to-data- Machinery and Cleanest Work in the Orient.

HEAD OFFICE:

No«, 92-100 Queen's Road, Central? FACTORY:

Nos. 241-145, Banchai Road. Branches at Manila, Sing"pore, Shanghai and:

Canton, China,

ENGINEERS & LAUNCH BUILDERS MARINE MOTORS OF ALL POWERS IN STOCK.

Works:-Footung, Shanghai

""EWO" Motors.

strict is a fijing boat, which farrington, who throughout the cheery and friendly, and gave desirability of State. borrowing the difficulties of such an under Sole, Agencies:-Sterling & Erinrude Motors. Makers

powerful machines for mercial and passenger use.

The type di machine which has attracted most attention in this launched like a small vessel, and descends to tire sea or rises from it at the will of the pilot. The craft has been thoroughly testeri

sale

The Committee desires to run- in war service, and there are gratulate them on the successful abundant grounds for the belief result of their effort; and at the

the lie direct of the long enter-being stopped as soon as this can taking are not so vast as they at

were a be managed, since it must compete first

Appear to be. First tained belief that we reserved, unfriendly people. adversely with the raising of newhand experience and information

THE SELFISH CITIZEN

capital for private enterprise; but C&IX easily be imported The selfish citizen, who wants it points to the new habits of from Europe and contracts the could be obtained from the more than his share of railway saving, especially among

Associated British Machine Tool

Makers Ltd. |A.B.C. Boller]Enamel.

that within a very few years it fine time to thank those ladies i compartment and bus, and makes small investors, that have result-Chinese Government for the car Rexine Ltd. (Leather-cloth).

will revolutionise nail tme and and gentlemen who so kindly passenger journeys ueross the contributed blooms or assisted in North Sea. Fruted with the huge the work of selling at the stall.

Thanks are also due to the aero engines which is now being.prodceed or designed, the Hongkong Hotel C. who were aircraft will be able to carry two goal encught provide the tons with ease.

comediation andd furniture Alrealy a jamathing post fully required, and to ensoperate equippet is in existence on the every;p-ssible way. Humber, which provides an ideal starting point. A journey to Norway will be a mere episode when the traveller ean climb into bis aeroplane in Ludon in the morning, speed neras the Mi!- lands and east of England in n -couple of hours, trangler himself into a waiting craft at the Ham- ber air bat post, and find him -self in Christiania for aligner.

AN INTERESTING RELIC,

to

85

As

Edgar Allen & Co, Ltd.

(Tool Steels &L)

--Sarco" Steam Traps. Temperature,

Regulators &c.

Linotype & Machinery Ltd. Pulsometer Engineering Co., LLE T. & W. Smith Ltd (Wire Ropes). Imperial Light Ltd.

TO-DAY'S NEW ADVERTISEMENT.

his wants known by sticking his ed from the appeal of the riage of mail. Passenger services elbows into his neighbours ribs, State for loans during

the would be opened up with the bave disappear war, a hopeful sign for various

important centres of seemed ed. But he was still here, the future, when such savings Chiza. The establishing of aerial although his manners had so soft-should be directed to financing stations would not be a difficult ened that he was difficult to re- the increased capital require matter, when once we had the accognise. I remember one such ments of trade and industry. A materials for construction. Also who, in the old days before the suggestion, moreover, is made in it is to be expected that such a war, called a porter to turn me out this Report in this connection,

company would receive financial of a railway carriage in which which would carry a step farther, assistance from the Government THE HONGKONG & KOWLOON WHARF & GODOWN CO., LTD. there was not seating accommod-in a very interesting way, the of China. ation for men, and I was late for profit-sharing schemes already An aerial company that is an appointment in consequence. familiar in various businesses, by floated

NOTICE is hereby given that an Extraordinary Meeting of the Hongkong now must eventually and Kowloon Wharf and Godown Co., Ltd., will be held at the offices of Mars. In December 1914 1 entered his which the wage-earners have become a most profitable concern. Jardine. Matheson and Co., Ltd., Fedder Street, Hongkong, on Friday, the 29 compartment and again found all themselves,

shareholders. Once an agreement has been day of March, 1919 at 12 o'clock noon, when the subjoined resolutions which were the seats occupied.

stake in their success. entered into with the Chinese Pat the Extraordinary General Meeting of the Company held on the 715. This - that, since it

day of March, 1919 will be submitted, for confrmation as Special Essolutions **** 1 Government concerning the ques-L

That the capital of the Company Be increased from $3,000,000.00 Lo- one of the Committee's tion of sole rights of operation,

$4,000,000.00

by the creation of 20,000 new shares of $50.00 soch na recommendations flat not etc.. it is going to be a hard task shares to participate in any dividend declared after the 7th February, 1919 only should the share capitals of for any kind of active opposition

pro rata with the existing capital the banks be increased (a thing to set in from outside spheres.

That the Articles of Association be altered in manner following friz,

(a) By the insertion of the words "without the sanction of the Directors" between the word "shall" and the word "except in line 2 of also those of the leading industrial field will eventually control' all

Article 12. concerns, in order that they may flying interests in China. develop new lines of, allied enter- prise, it would be a good thing if in the latter case,

a portion of any such new issue of shares of a praferential character and giving a good return in dividends were reserved for their workpeople."

"Plenty of room,” said a cheery soice, as I made to withdraw.

The rat-of-arms of the gallant 44 Vindictive there is no great harm, perbays in saying that there is a new Vindictive se where was amongst other ass and I found it was the man who which is already being done), but We can conclude that first in the

Another repective enterprise relics put up for sale at Newmar which Lee is people are lisens ket the other day in aid of the sing is the construction of au funds of the Dover Red Cr988 zerodrome near the city which, appeal for assistance for the is assumed, will be the half- widows, families and depends way stopping place for zero of the men of the Vindictive who plages on the fature London- fell in the two engagements for ever to be associated with her Elinborgh route.

While

Lord Wilton became the varions air name. schemes naturally stimulate ape purchaserst 100 guineas. Pisces .culation and suggestion, the im of the old enniser realised 13 portance of improving and ex-guineas. pending the older and more

these

prosaic, means of transport is not

overlooked.

For instance, in taking stock

auer as the makers of marine ani

Thus encouraged. I entered.

We can find a seat for you on this side" said the same voice.

had inhospitably turned me out in similar circumstances before the war.

So it was everywhere. No street bickerings, no snobbishness, only that cheerful, brotherly atmosphere so aptly suggested by the smiling!".

soldier's phrase. Кеер

We wonder who this is going to be? Shall Japan reap the bene- fe by first appearing, or can we expect to see a company formed by the representatives of com- mercial finance in China?

+

"Z

(b) By the addition of the following words at the end of Article 19:-

Provided farther that the registration of a transfer of shares whereby the holding of any shareholders is increased beyond 1500 shares shall be conclusive evidence that the sanction of the directors to such increased holding has been givan,"

(c)

**Board

We would anticipate that ship may deal As the war dragged on, bow-On the broad lines of the main ping companies of the China with re-

would be interestedTe and our manners followed suit. Committee have come to the in van our nerves got worn to rags question referred to them the st

a proposed scheme for We began to set ourselves up as conclusion that the existing the laying down of plans for

future. Ita shipping has suffer inne w supply for peaceful shortage, and while shopkeepers of money and credit for financ- venue to be derived from this

OUR MARK TAPLEYS.

seem

quarter.

Lund"

By the insertion of the letter ** (a)?; after thaɓgures "101" constitut ing the number of Article 101 and by the addition of the following paragraph to Article 101

(b) The Board may employ the reserve fund for the time. Brings or any portion thereof (and that whether sach fund or soch portion - as is propowed to be dealt with was set aside for the special purpose -- to which it

proposed to be applied or for any other purpose or not) in or for all or any of the following purposes that is to my, in meeting contingencies, is equalising dividends, in paying specials .... dividends, ar bocuses, in repairing, improving of maintaining an

ther-

of

the property of the Company or otherwise in the

Company and in or for such other purposes on the Board shall in its discretión think conducive to the interests of the Company and is regard to any wach employment as aforemed the Board'shall not be bound to keep the reserva fand separate from the other suela. [dy By the addition immediately after article 101 of a new Article sz

1014.

crities of wby So-and-So had not institutions, with such extensinos aerial development in China. joined the Army, we were super-se are already in process of ac-Think what a splendid proposition cilious regarding special controlshmeat or in contempi the Shipping Aerial Combine stables and the Volunteers, and bought to be able to provide would be. A company operating we found it difficult to restrain sufficient Enancial facilities with both aerial liners and sea-going our anger when the boy next out any regular supplementing commerce could at once command of its position Hall ads. that Manchester has dispossessed it offero engines, railway material, door was admitted to an O.T.C., either by State guarantee or by a far larger field than if confined direct State intervention. They to sea interests alone. The loss the third place in the list of tees and other read engines, and our own lad was rejected.

The decline in our manners express the decided opinion that of freight, passengers and mail and heavy machine tools, for British ports, and Hall intends to which Leeds is farmuus, will con- gained impetus with the food any fears of a general shortage contracts and the source of re- recover its prestige in the near

and shop assistants are incon- ing post-war trade and in would only be diverted back to pursuits the things they have testably the worst offenders, we dustry are exaggerated. In the the company terribly in the sabmarine war!

from another have all fallen very far below the reconversion of works from war fare, and the Wilson fleet of made for war purposes.

In other works which adapted high level to which we rose in production to peace production, North Sea liners is bat a shadow

Despite the veil of mystery the ability of any firm to meet its which at present surrounds the of its former self. But the ray machinery for munition prone 1914.

requirements mainly depends on aeroplane, there can be but little We have been saved from the its reserves, add in the case of a doubt that within ten years' timo ages will be repaired as rapidly tion the process of re-adaptation as possible, and Hull is looking will be more or less prolongeil. great peril with which Germany large number of old-established it will be used for commercial

froud labour forward to the resumption of de-, Given freedom

threatened us by the courage of firms which have been engaged purposes all over the American velopments which were inter- troubles, and, above all, raw

our soldiers, and it is the soldiers on the production of war materials and European continents. materials at price which will who rupted by the war.

likely to rescue since the wer started they Eventually these conditions us from the slough of irrit-consider that ample reserves must arrive in China. The Aerial Among these may be noted the enable them to meet foreign con- attraction of ocean traffic, parti- petition, manufacturers anticipate ability and bad manners into bave been accumulated out of Combine would then begin to

Both in their case cularly from Australia, to the new & prosperous ers, but at the which we have fallen. There are profits.

tens of thousands of silver-badge and also in that of firms which reap the benefit of an early far- dock which the King opened just moment, with a good deal of war

seeing business management. men amongst us now, working have turned to war work only at before the war, the renewal and work still iu progress, and with extension of Continental tranship a rising iron and steel market, with us, living with us civilians & later stage, and have been ment trade, and the development the conditions make for doubt, like ourselves. Most of them harder hit by the higher scale of

The have been through unspeakable | taxation, they expect the banks to

Ministry of Com- of various Continental passenger

uncertainty, and indecision,

trials and horrors besides which be able to offer whatever addition-munications has signed a con- services which will enable Weat Civic authorities are actively the little worries we have exal credit facilities are reasonably tract with a Peking syndicate to Riding and Lancashire travellers promoting housing schemes. perienced during the last four and required. In coming to this con- supply several Handley-Page to avoid the long rail journey to Hall has planned several garden a quarter years are not worth clusion, however, the Committee aeroplanes. These aeroplanes Radiation,

Yet the silver-look forward to a more actively are to inaugurate, a marcantile suburbs, and Leeds is asking for mentioning.

will ba In the principal Yorkshire in Parliamentary powers to widen badge man is not querulous or discriminating as well as a more dustries the turnover from war to its borders, acquire a fine new

quarrelsome. He is always polite, "adventurous policy on the part aerial service, and always cheerful-though often of the banks, and we feel confident nachines capable of a speed of peace work presents very difficult park, and build a considerable maimed and seeras determined ourselves that reliance may be 100 miles an hour. They will problems to me manufacturers garden suburb on the outskirts to make us forgot that we are his placed in them on that account. be able to carry 20 passengers.or and little trouble to others. In of its south-western industrial debtors. What a world for him to This has indeed been the avowed the equivalent weight in cargo, the oil and flour ruilbs of Hall and the bot and clothing factories of area project for the con- come back to this world of fray object of the great banking

The banks will struction of a great ring roaded tempers and shabby, worn-out algamations. nearly 40 miles long to encircle manners!

certainly have to be prepared to their customers, they should now

Harwich.

Leeds, for instance, no change of

process is necessary, and the pri- mary concern is one of labour raw materials, and prices.

Experience in the engineering trade taries widely, fone firma,

AEROPLANES FOR PEKING.

(1) The Company in General Meeting may in the year 1919 pame= "resolation to the affect that it is desirable to capitalise to the "extent provided for by this Article the sum of $1,000,000 being *part of the undivided profits of the Company standing to the **credit of the Company's Eeserva Food, and accordingly that for "the purpose of effecting such capitalisation such san of $1,000,000 be distributed as a bonus amongst the persons who are registered as the holders of the issued shares of the Company on sich date a 'the Board shall decida in proportion to the issued shares Feld by **them on that date respectively, and that the Board be authorised "to distribute amongst rich persons as aforesaid one new unirsed **share for each complete number of three imed shares held by the **and that the Board be further authorised to allot the surplus of “gach unisssed shares remaining after sich allotment to such persons, *at such times and on such terms and conditions as they think ft. (2) When such resolution has been passed the Board may alles and

**ise the 20,000 unisoned shares of the Company credited as "Jally paid up to much persona az aza referred to in paragraph I'of "this Article in satisfaction of the said bonus to the salent of "allotting on naissood share for each complete azmber of threw “issued shares Feld by them respectively, and prior to mich alot. "ment the Board may authorise any person on behalf of "persona sa aforesaid to enter into an Agreement with the Com pany providing for the allotment to them of such shares credited as folly paid up and in satisfaction as aforesaid and in sols proportion as aforesaid and any Agreement made under cir "authority shall be afective.

(5) It shall be no objection to resolutions passed under paragraph (1) of this Article that they are passed at the meeting it which the "resolution introducing this article was confirmed as a Special "resolution, provided that dos notics of the intention to propone “such first mentioned resolutions shall have been given prior to the "confirmatory meeting aforesaid."

And

th

the subjoined resolution will be further proposed as an Extraordinary That it is desirable to capitalise to the extent hereinafter provided *the win" of, $1,000,000 being part of the undivided profits of the Company Handing to the credit of the Company's reserve fund "and accordingly that for the purpose of effecting ach capitalisa

tion, a booms of $16.66 por share on each of the found, thoan để **he Company" be and the same la hereby declund and that the Bound: bw wash hey lasing ata, authorised, to satisfy szch, boomw **s far as possible by the distribution amongst the "registered as the holders of the immed shares of the Compney 00 *much date sa the Board shall decide of one of the uniseded. $50.00 "shares of the Company credited as fally paid up in respect of ach complete number of three of the issued shares of the Company hafa by such persons as aforesaid and in satisfaction of suck bonta "in respect of each such complete number of three Issued, alzares.

the city on its borders and link Surely, in face of his example, grant longer trading credits than make publicly known their will- we can forget the trifling worries before the war, and the Committee, ingness to accept deposits for up the centre by numerces new that we have suffered and help anggest that, in order to help them long periode say, from one to Dated the 11th of March, 1919. and existing radial roads is being him to make the country he has to do this, consistently with their five years at fixed rates with- earnestly advocated by an in-bled for a land of optimists as dependence on large deposits from out the right of withdrawal, fluential civic association.

cheerful as himself

By the Order of the Board,”

W.B. BROWN,