1919-04-22 — Page 10

10

Bolo Agents:

THE

CONNAUGHT

MOTOR CAR

COMPANY,

Studebaker

Tel. No. 1913.

THE HONGKONG TELEGRAPH; - TUESDAY, APRIL 22, 1919.

HOTEL LISTS.

HONGKONG HOTEL.

Ademe E K

28, Des Voeux Rd. Adcock Capt J

Central.

Abraham EB Austin LC Anderson We & Mrs

Barreron RE

Inne Capt & R Joseph M Joblin MLM Joblin Mr & Mrs M Johnson EE Joadeaus Miss M Katil B Van

G.P.O. Box 444. Biney Mr & Mre 3 dd UT

A Car which has won for itself a world wide

reputation for permanency of Service, Power,

Design, Comfort, Workmanship & Economy.

1

A High Class Latest Modelled Car At a price within the reach of all.

A Consignment of Studebakers has just been landed. Inspection and Enquiries are cordially Solicited.

UNION INSURANCE SOCIETY OF CANTON, LIMITED

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting at the Bocisty will be held at the registered ade" of the Society, Queen's Belling, Boogkoop en Friday, the 25th day of April, 1919, at 12 o'clock noce, when the subjoined resolstion which were passed at the Extraordinary General Meeting of the Society bald co the 10th day of April, 1919, will be submits! Ever omdraation as special resolutions :--

1 That the nominal silver capital of the Society as existing when this resolution is confirmed as a special resolution be converted inte macling and that such capital ao converted be increased beyond the sterling equivalent of such sitree capital when Fach montarsions takes place to the sum of £2,000,000 Sterling divided into 200,00 shares of the nominal value of £10 sach.

Z That each of the issued silver share of the Society of the Dominal valse of $250 each "with the sum of $100 paid up there an be converted into Sve shares of the nominal value of £10 sach with the sterling equivalent of $20 Hongkong currency at the open- ing T.T. mia of exchange on the date this resolution is confirmed a special resolution credited as paid up thereon and accordingly thai 80,000 shares as of 200,000 shares of the nominal value of álb sach constituting the capital of the Society so couverted ace increased be distributed by the Board to the persons who an registared at shareholders of the Society on the dale this resolution is confirmed as a special resolution in exchange for the silver share then held by tha

2 Thas she Articles of Association be altered in manner following,

namely:--

By the insertion after Article Na 10% of the following Article.

EMPLOTMENT OP' RESERVI SURDE.

**107 (*). The Board may employ the funds of the Socisty which bars been stablished partant to the provisions of Article 107 any of them or any portion thereof (and that whether such funds or such portion as is proposed to be dealt with warn meh aside for the special purpose to which they are proposed to be applied or for any other purpose or not; in or for all or any of the following purposes. that is toy, in meeting contingencies, in equalizing dividends. is paying special dividends or bonuses, ia repairing. improving and maintaining any of the property of the Society, of atherwise in the basises of the Society, and in or for such other purposes as the Board shall in its discretion think conducive to the interests of the Society and in regard to any such employ- ment as aforesaid the Board shall not be bound to keep the reserva funds separate from the other asseta."'"

By the insertion of the following Articles after Article No. 108.

BONTS KAT 1 OFF AGAINST CALL

"10 (1). Any general meeting at which a dividend or bonds is declared or sanctioned may make call on the members of auch amoant as the meeting äxes but so that the call en sach member shall not exceed the dividend or bonus payable to him and so that notwithstanding the provisions of Articles 19, 20 and 21 the tall may he payable at the same time as the dividend or bonus and the divise be bonus may, if so arranged between the Society and the member, tee

set off again the call The making of cab under this Article shan he deemed ordinary business of an ordinary general meeting which declares 2 dividend.

·12).

After my resolution has been passed pnder the provisions of paragraph (1) of this Article the Board" way strange on behalf of the Society for the dividend or bonus to be set off against the call by authorizing any person on behalf of the members from hom such cell is due to enter into an Agreement with the Bociety providing for aneh dividend or bonas to be set off against vach call and 107 Agreement mads ander such authority shall be

activa (3). It shall be no objection any resolution made under paragraph

(1) of this article or to any call or arrangement that och recfatic The passed such call or arrangiment was made at the meeting at which the resclation introducing this Article and Article 197 (a) was confirmed as a special resolution provided that dne notics of the intention to propose such first mentioned resolution and tr declare such dividend or bonus and to make such call shall have been given prior to the Confrmatory meeting aforemid. RKEN OF RICHAROS FOR DIVIDENDS PAYABLE IN HONGKONG,“ 100 (b) Dividends may be paid Hongkong Carrancy at such rate.

Exchang 14 the General Meeking actioning same or, in the case of interim cividends, as the Board may delay- mine."

the

And the subjoined resolutions will be proposed as Extraordinary resols..

1

That the difference between the sterling equivalent at today's apening T.T. rate of exchange of $20 Hongkong currency and the sum of £4 be called my upon each of the 80,000 shares of the Society of the nominal value of £10 each into which the silver shares of the Society have been converted,

B. That a bonus dividend equal in amount to such diference as is referred to in Resolation No. 3 be and the same is hereby declared out of the Reinsarate Fond of the Society, anch bonus dividend being payable to the persons who are registered as the shareholders of the Society on the date this resolution is passed and that such dividend in the case of each of such persons be set off agatont the amount due from him for calls under Resolution No. 1 and be retained by the Society accordingly and that the Board be authoris ed to make the necessary satries in the books of the Society. 5. Thas 16,000 shares of the capital of the Society is issued addition- ady to the 20,000 shares referred to in Resolution No. 1 and that the sum of £ be called up thereon and that such additional shares be offered in the first instance as a premism of £25 per share to the persons who are regisised as the shareholders of the Society on the date this resolution is passed in the proportion coe additional share for each silver share presionely held and upeo the footing that the sum of £4 called up pins the £21 (making together £25 per share) shall be paid to the Society on acceptance of the offer, and that such offer be made by notice specifying the number of shares to which such persona are entitled and limiting the time within which the offer if not accepted by payment will be deemed be declined to the 23rd May, 1919, and that the Board be empowered to dispose of the shares not taken op in response to such offer as they consider expedient in the interests of the Society.

That the 15,000 additional shares referred to in Besolation No. 3 participate in all dividenda declared after the next Annual Gen- aral Meeting of the Socisty pro rata with the 80,000 sharm refery. ad to in Besolution No. 1

By Order of the Board,

Jated the lith day of April, 1919.

C. MONTAGUE EDE

General Manager.

Banbury Fay ComdrKleby A. M Breskapar ŎT

Lidda'l Capt

Blackburn Mm E D Liddell Mia

Black Master

Belice Mrs ER

Buras N

Browell WO

Beuchat Mr Bingham Miss Brown C F Paddeley J.

Lindsay G F

Lamins Mr & Mrs B

Leiria Med m

Ludia G

Mrs Lille Mion H

Bad & R Bazen Dr & Mra

HE

Bars Mr & Mrs T

A

CONSIGNEES.

INDO-CHINA STEAM NAVIGATION CO., LTD.

NOTICE TO CONSIGNEES.

From CALCUTTA, PENANG and SINGAPORE.

Leach Mr Min & THE Steamship

Longfald &

Lau¬tion Mr & Men

Livingston Flag Li

FEN Mahon EJ Macintyre Master Bingh'm Mr & Mrs MacKean Dr G W

JE

Malia НЕ Branch Capt & Mis Matson Madame de

Mattos Mits de Malini Mr & Mrs M Mallal Manter Mason, Mia V MoHna Mrs L

Back Major & Mrs.

ODE

Charlavsky Lan Chernia vaky Jan.

Che siavaty Michel Mosccal D A Clark Mr & Mrs J ✪ Məyzick Capt TM Cameron BV Madlaires Mr &

Car > W

Clarion A A

Carvalho Dr A Ccford Me & Mra Coran J C

Chandler H G Cumming A Cowan Cast PH Cameron Mr & Mr

8

Melanes Mr & Mrs

TRE Murray Mr & Mrs

DB

Nicolson I 8

Kesson Mr & Mrs Oldenburgs: Capt A Powie MICR Mr & Mrs Puma Capt PR

Comming Dr & Mrs

EL Darcan W Del W

Donte Mit J A Davis Mr FE

Dongen Mr & Mr

Eet CE

Paton F W

Bicon Lt CEW Bupert R Richards & F Ray EH

TATSHING

having arrived from the above |ports, Consigotes of cargo by ter ars hereby informed that all goods are being landed at their risk into the bazardous and/or extra hazardous Godowas of the Horg, kong and Kowloon Wharf add Godown Company. Limited. whence, and or from the wharvas, delivery may be obtained.

Goods not cleared by the 23rd inst at noon will be subject to ront.

will not be recognized. "No Fire Insurance will be effected by asia soy case whats Bills of Lading will be counter signed by

avor.

-COMMERCIAL NEWS.

INCREASE OF STOCKS OF RUABER.

There was auch demand for raw rubber during the war on account of the increase in the Japanese industry, and large quantities were imported says the Japan Chronicle

But owing to the quality of the rubber imported not being up to standard, and the consequent impossibility of re- export to America, a lot of rubber was turned out of the warehouses for sale by pessimistic dealers, The situation thus caused bas brought about a decline on the local rubber market." 78 sen is quoted for "Fine smoke-sheet," 70 sen for "Mixed" and.75 sen for Para rubber, showing a decline of about 4 to 6 sen all round.

INCREASE IN INDUSTRIAL CON-

SUMPTION OF SALT..

Since the establishment of war.

time industry in Japan, the demand for salt has greatly in

The amount of salt

creased.

abora a certain minimum density.formed in the United States a the amount of bonus being pro- Central Export-Association for portionate to the density of the copper which will handle, the baling. It has been calculated whale of the export trade and thus tha! a 5,000-ton vessel will eliminate competition. A similar only carry -1,960 tons of cot-organisation was formed in ton packed in the American Australia for copper, lead, sine, way to a density of 22 lb. per and so on three years ago, and it cubic foot:

Compressed in is probable that such organisa- the Egytian way, cotton te the tions may be formed in this coun- extent of 3,333 tons could be try and elsewhere. The National Carried by a vessel of the same Metal and Chemical Bank, formed compressed in the Indian size, whilst 5,000 tons of cotton in London this year, has been Chinese way could be carried. A German influence.

or established independently to oust further calculation shows that to sociated with a number of big

It is a carry, say, six million tons of enterprises in the South Wales coltou compressed in the Ameri- can way to about 24 lb. density more than 3,000 ships would be required. Baled to the maximum density 1.200 vessels would carry the whole quantity.

:

JAPANESE TRADE PROJECT IN

GREECE

even

district. Germany has still control over metal supplies in neutral countries, but her chief sources of power in the industry have been taken from her, in theory, at all events, by these organizations of the Allies. The practical test has still, of course, to come. The Bri tish Metals Corporation has not secured Consular reports from Athens assets in England. They con- directly the Merton draw attention to the fact that sisted mainly of the control of commerce between Greece and Williams, Foster, and Co., and Japan has grealty increased in Pascoe, Grenfell, and Sons, an by Greece of a diplomatic repre- the Central Mining Company. But the last two years. The sending this control has been acquired by sentative to Tokyo is said to be the Central Mining Company has largely owing to this fact. Be one of the largest participations, All broken, chafed and dam-

presentative of Japanese firms £200,000, in the British Metals azed packages are to be left in

afate that the Japanese Govern- Corporation. An meat, in order to foster this participator la the British Metals the Godowns where they will be

larger Wexamined. Chime against the examine aust be presented within

Nippon Yusen Kaisha the possi-producing company, the Rio trade, is discussing with the Corporation is the great copper- Ddays of arrival otherwise they to the end of February, within the bility of inaugurating a steamer Tinto, which

Smyrna, Constantinople. Varna. ant service from Japan to Pirmos, of £250,000.

has

& holding Other

import- Kustendje, and Odessa There corporation are Messrs. Morgan, participators in the April, when the present fiscal Japan, very similar to American companies, especially those of Mr. have recently arrived at Pireus Grenfell, and Co., and many 1,500 pieces of grey sheeting from of

investment trust sheeting of 3 yards. width. The Robert Fleming's group. Among Japanese sheeting was 1 yard the directors of the British wide and 40 yards long, and was It has been stated that at chairman is Mr. Charles Vincent

Metals Corporation are packed in bales of 20 pieces.

strong men of finance. though the quality is inferior to American. sheeting, with large interests in Japan a little Sale, merchant and shipowner. satisfied, as they paid 53s. deliver- the local merchants are well

and deputy-governor of the ed c.i.f. Port Said. It is rumoured | managing

Hudson's Bay Company. The director

Mr. that several merchants placed large orders (amounting to firm of Vivian Younger and Bond have Cecil Badd, the head of the perhaps 1,200,000 yards) at even whose

B name is

bousehold lower prices. The expenses from word Port Said to

whereever copper is Piræus are from dealt

Other 18 to 20 per cent of the value. metal experts

well-known on the The

board Japanese manufacturers aro

Mr. William Tennent have studied Greek require- and Mr. Andrew Tait, of the ments, and are quoting their British Aluminium Company... goods c.i.f. against documents at Sir Lionel Phillips, the great Port Said bank. It can easily South African power, is also on be understood that the Greek the board, and the British Govern merchant greatly appreciates this manner of doing business, as it is director at all times. It is claim- ment has the right to nominate a much easier to transport goods ed for the British Metals Corpora. from Port Said than it is from tion that it win represent the pro- Japan, since regular steamers ducer, the manufacturer and the ply from Port Said to Pius.

consumer of metals alike.

Resy Miss P Rane RC Rowal G Regenbogea Miat Rosi Mes

Expan't Madam E Roth TR Eos Hra

Spiers A W P Eles

Skinner Mi BF Sparke Kin WH

Eaxarea Mita K

I WH Tale: T

Focken Lieut F C Freer Capt

Franklin Mr & Mrs

G Fisker F Flag Caps &

Mrs Grant Capt T

Galluzzi C

Goman Mr & M

JJ

Holzheizer WP

Holgerson &

Hall Capt T P Hooper A Shalton Harper G Bay Capt J M Helahaygh FA Cartasa Mr&Mr Eirota. T

Stonatam EF Serbt CE Skinner Capt D Shell Me & Mrs E Swan CA Stensby Mr & Mra

3

ewart Yra NR Hipple LA A

Tavern F

Tudor Vice Adm Sir

Lady

Templeton Mr &

Mis CE

Thomas MO

Syme Vint Thos

Wood Bit

Wake EB Weerkam A rac Wolf Capt JS De

CABLTON HOTEL

Habtok

Abs'dia Boom

Meet Mr & Mru Beckeringh Mr&MraMerlin Mr & Mrs

Molino Mrs & ME Martin Mocklandiose Mr &

Brook Baald Elackam! R Boeszes P Camazon F

Canteren F

Consoro Ezgin

Cuz

Cameron MriYE

Carbo Miss

Derrin Dosalaar L Гетатет Diater P'L Dug'u b

E horn Mr & Mrs Egocelenco Engin

Ezra

Goju J

Gray J

Gordoa Wm

Harrell O Nanton E Ncordesboe K Nagle Porchen Powe! OX Roster LJ Recstin Capt Rated C Robertson J Robb

Ressoner L J Smaller L de El F Shipman Kn

Sorun O

Schink Mr & Mr Stepbena Mr & Mrs

Botercamp Borby W

Toyo Mic

Thyrea R

! Hecar Mr Mrs

Hmilton Mn TE Toister

Holland Mr & Mrs Tenlayır E HIII W

X-cx

Kurena Kelly H

To gazle N

JARDINE, MATHESON & CO., LTD.

General Managers.

Hongkong. 17th April, 1919.

TOYO KISEN KAISHA.

"TENYO MARU.”

From SAN FRANCISCO, HONOLULU, JAPAN PORTS and SHANGHAI, Monday,

April Z1. t.

All broken, chafed and damaged packages will be landed into the Company's Godown, where same will be examined Monday, April 28th, 10 A.M.

No Claim will be recognised after the Goods have left the Steamer or Godown where same will be examined, Monday, April 23tb, 10 AM.

used in the present fiscal year up jurisdiction of the Nagoya branch of the Monopoly Bureau, is put at 38,139,330 kin. showing an increase of 8,072,121 kin over the last fiscal year. At the end of

year comes to an end. In increase of 10,000,000 kia is expected. Owing to the reduction in salt output this year, the Government has, after great exertions. succeeded in importing 8,286,965 kin of salt from Tsingtau. China, to get over the difficulty created by the shortage of supply. For the coming fiscal year, a still greater consumption of salt is anticipated and the Government is therefore anxious to cope with the new situation. As regards industry this is a more optimistic report, previous statements being to the effect that, owing to the peace slump, the chemical industry would decline, and less salt would be required.

Consignees of cargo are hereby notified to present their Bille of Lading for countersignature, and

BUILDING MATERIALS. take immediate delivery from The President of the Local alongside Steamer or the com-Government Board acnounces pary's godown, where all cargo that special measures have been impeding immediate discharge taken in order to stimulate the will be landed at consignees' risk, production of building materials. Storage charges will be sañesa The Ministry of Munitions, ed on cargo remaining un-acting as agents for the delivered on and after. Monday, Local Government Board, are April 28th.

placing orders for bricks, states, stone, doors, window frames, and other house fittings. The stock of bricks now in hand amounts to about 200, 000,000. About 1400 brickyards, most of them small, were closed during the war. In order to in- crease the production of bricks action has been taken to ensure a proper supply of labour for brickyards: the release of 2,400 pivotal men has been arranged, and the whole of this number should be available shortly; techn- ical assistance is being given to enable those works which have been closed to reopen at the ear- liest possible moment, and assist- ance is also being given to advise generally as to improved methods of manufacture. Orders have already been placed for about 350,000,000 bricks. As regards cement, the Board of Trade state that there is every prospect of an adequate supply at a reasonable price. Steps have also been taken to increase the supply of timber.

No Fire Insurance whatever will be affected.

T. DAIGO, Manager

Hen kong, 21st April, 1919.

KING EDWARD HOTEL.

Verandan Mr & Mrs Anderson Vir A Yoohook

Almond Mrs R

I

Vanbesken

Weo Mr &

r & Mrs WJson Mr & Mr

Welling Mr & Mrs Wune: A E Walls: JT

Tengandam Mis Letcalm C

ooglan J

KINGSOLERE HOTEL.

Bitting ET

"!

Karsball Mr & Mrs Coleman G L

WL Deng Y

Robertson Mr T À Dumbarton GF Robertion Me & Mis Dingman Mr & Mr John

EC

Robinraz Kr & Mr

LC

| Filkins Mian D

Porber A

Fairley Mr & M▼ M

L

Haskett G R

Hodge LES

76

Johnstone Men 1 Jar RC Jackson Mr Ms

.

Alger Dr E Adam J R Burwash Me & MuXws His Friðger Vr & Vrs Elbee' Mrà

Le'ghtca Capt J.. Lim E.W

Bainbridze J

Berio R K Варна A Brands! R W Falak A Craze GE Culhane - TB Dolton WE Dorks Men Fdwards Mis JD Feriet D Fau & Mr Farol J

ویر

..

A

LAWITICS CO Mire Mr & Mrs J D Устальны KaAitab MB McGee M 3 K McGrath F A Najski J

Nichols O`E G Osborne R

HIGH DENITY BALING OF COTTON.

American interest has recently been aroused as to the advisability Pe kics Cap: FO

of employing high density in the Pattenon RP baling of cotton. Enquiries have Pasmore Mrs WE been made for particulars of the Reynolds W

most modern cotton presses used Robardson Man♫ Robinson Mr & Mrain connection with Egytain, In- dian. and Chinese cotton, which Stubbings Mas Série H E

are generally, if not entirely, of British production. It is to be hoped that some co-operative scheme may soon be formulated by which the great advantages which would accrue to all the interests concerned may be realis- ed. Perhaps some arrangement could be made for the payment of a bonus on American cotton baled

Farroll Miss Gosi Mr & Mrs J Gregory Mr & Mrs Gibson A Gorris L Roeth Mr & Mrs W Gunn Cap: T

Gerz Mr & Mgm 5 swart Ma Hector J

Sarker C Baycs i E B'swart W w Hammer Min F Temple E B Hammes Master C But Mrs K Heathcote P

Hubbins Mr G V Hann A

Farel Command r Barrison A

& HIS Hammer Mr & Mrs VaderWood Mr de

OJ

Mn w Jobies F

Victor CL

Bachas Mrs GA Boott Holman

Bingar & MET

Jennings Mr & Mrs Blackhouse J W

Stackhouse Mrs & A Johnston Mr & Mrs Sleigh Mr & Mrs EM

CA

Sentra Miur Ventris Major Gen.

Bral F..

Lee E'N

LOW Moyle Rev VHO

THE METAL STRUGGLE The removal of Government control from the base metals and the consequent fall in their prices is regarded in business circles as preliminary to the struggle between the Allies and Germany. There is not likely to be more competition in the home metal trades than there was before the war. That compete

coming

tion, as before, will be mainly between the members of the Metal Exchange. But now the work of financing and

the

in.

many The

A

THE POST-BELLUM ROOM.

according to a telegram received The Osaka Mainichi says that by the Bank of Japan, the British nation is busy preparing for in- vestments on a large scale, al- though the new regulations for investment have not been put into effect yet. In this connection, it is reported that this may mean preparations for investment on the part of the nation on their expect- ation of the amelioration of the Government attitude in this organising the matter, as it was only a short. industry will be in the hands of time ago that the Government the British Metals Corporation, was reported to have decided to which, with its capital of continue restrictions £5,000,000, of which £2,000,009vestments as daring war-time. It upon in- has already been paid

p. seems, however, that the attitudəl was recently formed for the pur- taken by the Government on this pose. Similar organisations have matter will not be so rigid as dur- been formed in other Allied coun-ing the war, although the nominal tries. A suggestion at the Paris restrictions in questira may re- Conference was that the Allies main the same. Therefore should act in absolute unison great outburst of speculative ex- through one great internal cam-terprise may be expected. The panp, but it was ultimately decid-question is, however, how far this ed to act in co-operation through will be allowed to go without the national companies, Thus, in Government checking it. People France, two companies are to act, are expecting a great post-bellum

the Societe Miniere

et boom, but it is doubtful whether Metaux, with a capital of 10.000,- the new regulations for invest 000 francs (£400,000), and thement will allow of such an other, as yet unregistered, with a indulgence in investments as to capital of between 40 and 50 mill- precipitate panic there- ion francs, say, £1,800.000. The after. The British Govern- latter will attend specially to the ment will not in the opinion difficulties of the transition period, of the Osaka

paper, allow and when that is over the two the blowing of any great financial will be united. In the United bubbles, in view of the great States the Merton firm had a economic difficulties in sore for large holding in the American the country in the future, which Metal Company, which is now in can only be overcome by an charge of the Custodian of Enemy extremely economical utilisation Property.

holding is of capital. It is safe to conclude, valued at about £750,000. An the Osaka paper says, that while attempt to form E syndicate activity will be shown in invest to take отет "this Merton ment. when compared with war holding was disallowed, but it time there will be no flood ofi will doubtless pass to American British capital swamping other interests. There has just been countries.

one

The

D

WYNAND

ESTABLISHED

FOCKINK

FAMOUS

LIQUEURS

1679

AS

PURVEYED

TO ALL THE

"ROYAL HOUSEHOLDS ;;

IN THE WORLD A

A BRAND OF LIQUEURS WHICH EXCELS IN MERIT.

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SOLE AGENTS FOR CHINA:- HOLLAND - PACIFIC TRADING CO.

Late WILLEM HRYFLOW C5) POWELL'S BUILDING, BLON

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