1921-05-05 — Page 4

A CREDITS SCHEME.

Local Banker Explains a Cable.

In view of the vagueness of Router's cable yesterday announ. cing the opposition of the Eastern Banks to he extension of the eredits scheme to British India and British possessions in the Far East, including Hongkong, on the grounds that the scheme will enable the Eastern importer to enter into fresh contracts with the British exporter through other channels than those having know. ledge of his possibly having dia. honoured bills running to large sumus, "wo interviewed a local Banker this morning to obtain further light on the matter.

לזו

The Banker stated that he thought the scheme referred to the one the Board of Trade had been contemplating to inaugurate. whereby sobie millions of pounds would be set aside for the express purpose of fostering British trade. Naturally, the Banks in the East and Far East with bille dishonoured many

bande in their

would offer opposition to the scheme if they were excluded from any) participation, especially in the An extension of the credit. importer in Ilongkong who had dishonoured his bills, could com- municate with his agent in Lon- don and this secure financing of! his goods from the Board of Trade, although in the present circumstances his banker would demur from opening a Jetrer of credit for him. It is only tol prevent merchants who had! failed to honour their committ-) ments and had involved their banks in serious losses that the Eastern Banks, who all' have offices in London, have been compelled to lodge a protest;

the against

scheme of thei Board of Trade.

If the Board of Trade acts independently of the Eastern Banks, it is easy the see that many of the merchants, whose record during the past year OT NO has been bad, would get indiscri quinate credit, and the Banks that bave been left with dishonoured bills running into very large figures would bo obliged to shoulder them and whistle jigs to milestones. The importers could Secure credits from the Govern ment channel, although this from the Banks may be closed to them.

THE HONGKONG TELEGRAPH.

THE UNITED MOTOR CO. LTD.

f

33 & 35 DES VOEUX ROAD.

DISTRIBUTORS OF ↔ SHILL” GASOLINĖ

AND

GARGOYLE MOBILOILS.

Tyres and Accessories at reasonable prices.

All of the above could be obtained at either of the following branches; -

EXILE GARAGE 33 & 35 Des Voeux Road HONGKONG MOTOR CO. 141 Praya East KOWLOON GARAGE Corner of Salisbury and Canton Roads.

Care Garaged and repaired both in tiongkong and Kowloon under direct Supervision of trained European Motor Engineers.

Excellent Livery Service both HONGKONG ard KOWLOON at reasonable rates.

ROPEWAYS LIMITED.

Economical Transport by Aerial Ropeways

Original Manufacturers of

ROR'S Patent System of Arrial Rope Tramways.

Contractors tendering for proposed reclamation and

removal of Morrison Hill should call on us.

ACEAL/REISS & CO.

(Reiss Bros., Ltd.)

No. 3. Queen's Building, lee House St.

Telegrams: Aceal Hongkong.

NOTICE.

Asked as to whether he thought that the protest would have any effect, the Banker said he hat avery reason to believe that the Government at Home would take NOTICE IS HEREBY GIVEN cognisance of the proteat, for, that the partnership heretofore after all, the British Banks in subsisting between John Owen the East and Far East were help Hughes nd Andrew Forbes ing to foster British trade just carrying on business as Mer- AB much as the Board ofchauts and Commission Agents Trade's scheme. It was emphathic at Princes Building. Victoria,

under the that the Board of Trade should Hongkong,

Telephone: No. 673.

STEAMERS FOR SALE.

Vader instructions received from

THE MINISTRY OF SHIPPING, LONDON.

THURSDAY, MAY 5. 1921.

PUBLIC AUCTIONS.

THE Undersigned have received instructions to sell by Public Auction on

Friday, the 6th May, 1921. commencing at 2.30 p.m.

at their tales Rooms, Duddell Street

A Quantity of Valuable Ilouse- bold Furniture

NOTICE

HONGKONG & SHANGHAI BANKING CORPORATION,

NOTICE is hereby given that'

an EXTRAORDINARY MEET-

ING of the SHAREHOLDERS

NEW. ADVERTISEMETNS.

NOTICE.

R.

WANTED.

WANTED.--Board Residence. Single man requires board resid- ence in Hongkong. Must be quiet

“Particulars and Conditions of tocality Middle tavel preferred.--

of the Hongkong and Shanghai the letting by Public Auction Apply Box 561 c/o "Hongkong

| Banking Corporation will be held Sale, to be held on Monday.Telegraph."

WANTED.Lady Steno-

at the CITY HALL, Hongkong, the 9th day of May. 1921, on SATURDAY, the 28th day of al 3 p.m., at the Offices of the May, 1921, at NOON, for the pur-Public Works Department, by typist seeks position in any office. Teak hatstand with bevelled pose of considering and if thought Order of His Excellency the Apply Box 556 elo "Hongkong

comprising:

mirror, Chesterfield

Couches, fit of passing the following re-Officer. Administering the Gov-

Armchairs, Roll top desk, writing solutions:--- table, card table, Oil paintings, Pictures, Electric table lamp and fans. Carpets, Vases and urna-

ments etc.

Teak-dining table and chaire, Įsideboard, dinner waggon, ice chest, tea table, cutlery and glass. I ware, etc, ota.

Offers are invited for the purchase. of the following Ex-Enemy Steamers

Net style Name of Gross

700

317

1613

1001

1646

1053

1777

15

Double brass mounted iron bedsteads, teak wardrobe, dress- ing table, chost-of-drawers, toilet crockery, lace curtains, etc.

Also

A few pieces of Blackwood-ware

And

1. Cottage Piano

2. Giramaphones with records 1. Wardrobe Trunk

On view from Thursday the 5th inst.

Catalogue will be issued. Teros: Cash on delivery

LAMMERT BROS,

Auctioneers.

TH

HE Undersigned have received instructions to sell by Public Auction on

Monday, the 23rd May, 1921. commencing at ro.30 a.M. at the premises of the China Mining & Smelting

Co. Ltd. Lowu.

The Plant of the above mentioned Company Comprising all the Machinery, Tools, Spares, etc

To be put up in one Lot. Should the property be not dis- posed of in this manner, the plant will be sold piecemeal).

Terms: Cash on delivery

N. B. Intending purchasers can travel by the tratu leaving Kow- loon at 9:15 a.m. and can return by the train leaving Sum Chuen at 11.40 a.m.

inspection orders may be had on application to the undersigned.

LAMMERT BROS.

Auctioneer.

CONSTITUTIONAL REFORM ASSOCIATION OF HONGKONG.

The FOURTH ORDINARY ANNUAL GENERAL MEET- ING of the Constitutional Reform

1906 held in the old Chamber of 1903 Commerce Ruor, City Hall, on 1888 WEDNESDAY. Hth day of May, 1921 at 5.30 p.m., for the follow- 1896 1984 ing purposes;

To receive the Report of the Committee and Stateinent

work with the Banks in the matter or firm of Harry Wicking & Co., Steamer Tonnage Tonnage Built Association of Hongkong will ho of financing exports from England. has been dissolved as from the Ranee The Government at Home would (30th day of April 1921 so far as Anghia have to take into consideration concerns the said Andrew Forbes Chowfa the fact that the Banks had who retires from the said firm. Wanghai suffered very badly in financing All debts due to and owing by the British trade, and the Board of said late firm will be received and Trade had to take precautions to paid respectively by the said John sue that the Banks were not made Owen Hughes who will continue on the said business ed to fulfil their obligations. under the style or firm of Harry

Wicking & Co.

scapegoats by firms that had fail to carry

Asked as to what he thought would probably be the outcome of all this, the banker said that) in his opinion the Board of Trade would ask the Far Eastern Banks to furnish them with a "black list" of firms, with full particulars of their failures, and would agree not to grant them credits unless they had settled their accounts with their banks.

St. John's Cathedral Monday, May 9th at 9,15 P.M.

ORGAN RECITAL

Vocalist Mrs. A. M. Bowes-Smith.

Dated the 2nd day of May 1921,

JOHN OWEN HUGHES,

ANDREW FORBES.

THE CANTON INSURANCE

OFFICE LIMITED.

SOTICE TOSHÁŘEHOLDERS.

The fortieth Ordinary Yearly Meeting of shareholders will be held at the Offices of the under. signed on Thursday, the 19th May 1921, at Noon.

The Transfer Books and Regis.

ter of Members of the Company | will be closed from the 5th May

to the, 19th May, both days

inclusive.

At this Meeting a Resolution will be proposed dealing with the remuneration to the Consulting Committee.

JARDINE MATHESON & CO. LTD.

General Agente. Hongkong, 9th April, 1921.

VALSPAR

Manila 1780 1108

Tertus of sale and full par

of

Accounts to 31st December. 1920.

the following]

To consider

ticulare may be ascertained on application te, and permite for inspection will be issued by resolutions:- Masers. Boustead & Co., Singa!

(1) That all non-Chinese pore, Messrs. Bulloch Brothers members of the Legislative & Co., Ltd., Rangoon: Messrs Cencil he elected. Mackinnon Mackenzie & Co.

(2) That a larger electoral Hong kong, and the undersigned.body be, adopted in the case of Sealed tenders should be logged all such non-Chinese members with Mackinnon Mackenzie with The exception of the Co. Calcutta. The tenders which Representative of the Hongkong must be in Sterling, will be opened General Chamber of Commerce. at Calcutta on Friday the 17th June 1921, and must be valid for 14 days after that date.

MACKINNON MACKENZIE

& CO.

16, Strand Road, Calcutta.

HONGKONG & SHANGHAI

· BANKING CORPORATION.

On

(3) That there be an Unofficial, majority the Legislative Council with such safeguards as are provided in the Constitution of Ceylon.

(4) That a petition be seut to the House of Commons asking for the support of the Members in securing the above change in the Legislative Council.

To consider, in conjunction with the Members of the Kow- NOTICE is hereby given that loon Resi lents' Association, any the Register of Shares of the Cor-resolution which may be moved poration will be closed from in regard to the increase of Thursday 5th. May to Saturday House Rate, and any other 28th. May both days inclusive) Municipal matters.

To elect the Officers and Com- during which period no Transfer of Shares nun te registered,

mittee for the ensuing year.

By Order of the Court of By order of the Committee.

Directors,

I. M. WHYTE,

Hon. Secretary. Hongkong, 4th May, 1921.

A. G. STEPHEN,

Chief Manager. Hongkong, 28th April, 1921.

BRONZE

A

ernment, of one Lot of Crown

1: That this Directors of the Land at Coronation Road, Kow- Hongkong and Shanghai loon, in the Colony of Hongkong, for a term of 75 years, with Banking Corporation be and they are hereby, Rent to be fixed by the Surveyor the option of renewal at a Crown quested and authorised by

Telegraph."

NOTICE.

HONOKUN E CRICKET CLUB.

NOTICE IS HEREBY GIVEN that a GENERAL MEETING of Members will be held in the

and on behalf of the share of His Majesty the King for one holders of the Company to further term of 75 years. take the steps necessary PARTICULARS OF THE LOT. pavilion of the Club on TUES-

for the introduction of an

Ordinance into the Legisla. tive Council of the Colony of Hongkong and for the epartment of the same by the Governor of Hongkong with the advice and consent of the Legislative Council thereof to effect the amond ments necessary to the Ordinances under which the Company is incorporat- ed and carrying on business so as to allow of the capital of the Company being from time to time increased from 20 millions of dollars the present authorised capital of

50 the Company to millions of dollars.

اد الاهمون دا

Caætron Inland Lee Nu 3820

Locality.

X

A

Bhanwary

fret

frol ft .

0.

R.

NOTICE.

Uppt Prive.

DAY, the 10th May 1921 at 8.30- p.m. for the purpose of confirming the following resolutions which were passed at an extraordinary general meeting of members he

on the 14th day of April 1921..

1. That the present Hongkong Cricket Club be wound up, and the Committee he authorised to take all necessary steps for that purpose.

2. That the Committee be anthorised to register a Company limited by guarantee not exceed- ling $100 per member, on the terms of the Memorandum and Articles of Association which will be submitted to the Meeting. 3 That the Committee be authorised to assign and hand That the Capit of the

over to the new Company, when Particulars and Conditions of registered all the assets of the Hongkong and Shanghai the letting by Public Auction Chub. Banking Corporation be forthwith increased from Safe, to be held on Monday. the 9th day of May, 1921, $15,000,000 to $20,000,000 by the creatio of 40,000 New at 3 p.m., at the Offices of the Shares of $125 each to be Public Works Department, by Hongkong, 2nd May, 1921, issued at the price of £70 Order of His Excellency the on the terms after mention Officer Administering the Gov-

Shareholders on the Eastern Registers to pay for their allotments at the rate of exchange for the Company's demand Bills in London on the day on which

ed.

the instalments are due.

3. That the said New Shares

By order of the Committee

L. S. GREENHILL,

Hon. Secretary.

COMPANY LIMITED,

SILIMPOPON COAL,

ernment, of one .ot of Crown THE COWIE HARBOUR COAL Land at Lugard Road Extension in the Colony of Hongkong, for

term of 75 years, with the) option of renewal at a Crown Rent to be fixed by the Surveyor of His Majesty the KING, for one further term of 75 years.. PARTICULARS OF THE LOT.

be in the first instance, in such manner as the Direc- tors shall prescribe for that purpose, offered to share- holders in the proportion of | ¿ one New Share for every three shares of which on the 28th day of May, 1921. Shareholders shall re- spectively be the registered Holders, and that any New Shares not accepted by Shareholders within the time limited by the Directors for that purpose be disposed of and allotted by the Direct- urs in such manner and at such price as in their dis- cretion they shall think hest in the interests of the Company.

4. That the payment of the sum of £70 per share for

each of the said New Shares be made as follows, viz.

Bry

1 י"27

པ:8་

Test! But

Se per sade si

HONGKONG JOCKEY CLUB.

The Second Gymkhana Meet- ing will be held (weather per- mitting) at the Happy Valley, on Saturday, May 7th, commencing

3.30 p.m.

The Charge for admission will he $1 for others than Members of

Hongkong Jockey Club. 1st day of July, 1921, 2nd Soldiers and Sailors in uniform and final instalment of £35 Half price. The Stewards invite

1st instalment of £35 on the the

on the 1st day of October, the Ladies of Hongkong to be

1921.

present.

5. That the Directors issueĮm

to Shareholders, holding shares less than or not a multiple of three, a fraction: al certificate in raspect of) each share less than three or in excess of a multiple. of three and allot one New Share to every person whol sball produce three such Fractional Certificates on or before the 1st day of July, 1921, and pay the first instalment in respect there-

ol.

7.

The undersigned are prepared to. quote prices for best quality freshly mined SILIMPOPON COAL, trimmed into Bunkers at SEBATTIK u'r SANDAKAN

British North Borneo) or to contract for regular Bunker Si→ plies for 6 or 12 months at favour able rates.

Steamers calling at SEBATTIK or SANDAKAN exclusively for Bunkers are exempt from pay- ment of ordinary Port Charges. The minimuni draft of water alongside the Company's Wharf at Sebattik is 24 feet at low water Spring Tides. Charts of Cowie Bay (Sebattik Harbour) and ang required information concerning the port can be had on applica- tion to

BRADLEY & CO. LTD. Agents, The COWIE HARBOUR COAL

CO. LTD.

·THE HONGKONG ELECTRIC CO. LTD.

Notice is hereby given that the Thirty second Ordinary General Meeting will be held at the Com- pany's Offices, St. George's Build- ing, on Saturday, 21st May 1921, at 11.30 a.m. for the purpose of That interest at the rate of presenting the Report of the Directors together with a State- 6 per cent per annum bement of Accounts to 28th Febru allowed out of the profits ary 1921, and electing Director of the Company on instal and Auditor. The Transfer Book ments paid in advance of of the Company will be closed the dates when the same from the 14th to the 21st May. become due, and that re- 1991, both days inclusive. gistered holders of Scrip Certificates for New Shares be entitled in respect of such New Shares to parti-j cipate in future dividends

un an equality with the old shares, in proportion to the instalments paid up, and From due dates for payment of same.

By order of the Board of Directors, GIBB, LIVINGSTON & Co. Ltd. Agents,

Hongkong, 4th May, 1921.

8. That interest at the rate of 8 per centum per annum be cliarged on each instalment not punctually paid, and beare paid with each such fustal.

6. That after payment of the

first instalment, and pend-j ing payment of the remain. ing instalment, Scrip Carti- ficates in such form as the Directors may determine be issued in respect of such New Shares entitling the holders on payment of the remaining instalment, and subject to such other terms as to approval, date for lodging scrip certificates and otherwise as the Direc- For tors may prescribe, to be regi-tored as the owners of the shares respectively represented by such Scrip) Certificates.

ment.

CHINA COAST OFFICERS' GUILD & MARINE ENGINEERS' GUILD OF

CHINA.

น

Members of BOTH QUILDS

attend requested to Combined Meeting at the Guilds' Offices, Sailors' Home, on Satur-

9. That all moneys received day, 7th May 1921, at 3.00 p.m.

from premium on the said sharp. New Shares be added to the Sterling Reserve Fund.

The Hongkong & Shanghai

Banking Corporation,

A. G. STEPHEN,

Chief Manager. Hongkong, 28th April, 1921.

BOTTOM

PERFECT- ANTI-FOULING.. COMPOUND.

SPECIALLY SUITABLE FOR YACHTS AND WOOD CRAFT.

SOLE AGENTS:-

BUSINESS:

To consider certain propositions received.

For C.0.0.G. & M.E.G.C

W. J. STOKES, Branch Becretary, M.E.4.C.

PAINT

HOLLAND PACIFIC

TRADING

COMPANY.

LTD.,

HONGKONG.