1923-03-26 — Page 2

2

NOTICE.

GERM

PROOF

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THE FAR EAST BUILDING CO.

Nos. 42 and 44,

Deg Vaur Road Central, Telephone se Vertraf

M'ETAIL S

of all kinds, especially ship-buiding and engineering work. Complete stock. Best erms Immediate delivery, SINGON & CO.,

{ Established A. D. 1880]

HING LUNG ST.

Central $15,

Phone

MING YUEN STUDIO.

14, Beaconsfeld Arcade

ARTISTIC PHOTOGRAPES

ALL OCCASIONS.

NOTICE.

Dr. M. E. ASGER, (DENTAL SURGEON)

THE HONGKONG TELEGRAPH;

announces once removal to Top Floor

of the

UNION BUILDING' Telephone Central 1392" Hongkong, 1st March 1923

COMPANY MEETING.

Hongkong Hide And

MONDAY, MARCH 26, 1923.

capable of producing $222,167,54 în Upper and Sole Leather per annum of 32 weeks, whereas the Trading Account shows output valued At 813,971.21 in 40 weeks working of the first year of your Company, Even output An extraordinary general meet on 40 weeks working the ing of the Hongkong Hide and Boult Lave been over $709,00 in. Learlier Company, Limited was held #tead of $19,271. in the Company's office. Stephen

Leather Co., Ld.

The investigating Committee,

W. S. BAILEY & CO. LTD. Building. Des Varux Road Central, is of the opinion that the seat of the en Saturday, when the report and trouble fies in the fact that working suggestions of the Investigating has been intermittent and at ENGINIERS & SHIPBUILDERSmittee, appointed on November Period in Full swing, and that ad

fi

KOWLOON.

HARBOUR REPAIRS

Call Flag L." Tugs. Barges,Light Draft & High Speed Vessels & Motor Craft

Du

instration expenses have not been warranted by output. The Com mittre ensiders the remedy lies in

evenu in administration and

better "Factory and sales manage. ment.

9th last, were considered Support ing the Chairman, were the 5 Father Rabert, Mr. A. tt. Coppin Mr. D. H. Blake (the Company"> solicitor), Mr."W. A. Dowley and Mr. Leung Yan-p Other share holders present were Messts. A. P. al. The Committee is of opinion Humphreys, Frank S. Cooke, A, that on an assumed output of 3300 | Stevenson, W. MacFarlane; L., Don. pieces of Upper Leather per fort [bar, 72 Popperill, J. H. Seth. A. G. night (a modest computation) the Է, Morten. H. Humphreys, V. Factory can make a nett profit per MOTORS.". W. Armstrong, J. Maclusian annum of $8,000; also that zono Hides may be converted into Sole Leather er tenth at a cost whies should show an additional profit of SULLA pr annum These over quantities are taken from replies to The Questionaire.

Sole Agents. For

KELVIN

Works Manager

PHONE.

-

Lund It. F. Raven.

The Chairman explained that th. meeting was called for the purpose Kowloon 21

of receiving the report of the Inves, Kowloon 633tigation Committee, which he asked

Mr. Coppin to read,

STEAM LAUNCH FOR SALE

MASSAGE HALL

23, WYNDHAM STREET

MRS. H. MORITA, MR. H. SCGITA.

-

WONG SIU WOON””, BOOTS, SHOES & SLIPPERS FOR LADIES CENTS & CHILDREN, BEST DESIGNS, PË MODERATE.

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Call, or 'Phone Central No. 4310| Photographers Photo Supplies

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64 Wanchal Road.

PHONĚ CENTRAL 2127.

T.

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TORTOISE SHELL BOXES and CASES A SPECIALTY,

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Queen's Road Central.

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The report, which was signed, ny Mr. A. G. Coppin, chairman of the Investigating Committee was as un.

er.

(The Canton Firm of Tanners

having visited. and thoroughly in

pected your Tannery have express. ed surprise that with such a good i egasjonent a loss has been made.

Recommendations,

The Report. "Gentlemen-You will remember

At the Investigating Comauttee's | ist at an Extraordinary General Meeting of the Shareholders in this stred the Canton Farm of Tan Company held at Messes. W 6.

iers express willingness to under. Hampiress ami Company's Office Sake the Management of your Com on 29th November. 1929, it was ..

pany, svatingent upon sufficient. adved that an Investigating Con working capital being raised ami inter be formed to look into the providiaz they can be stakeholders position of the Company's Aliates in the concern to the extent of 10,000 and thereafter to make a repert and shares which they will take up. They recommendations to Shareholders, require Managing Fees of 81.000 per This condition being brought about menth to cover cost of staff, ofier by the fact that the Company in it. rent and bighiting whilst sales amoun

first peur of working had made a loss of about $91,000),

The following were then cheted to For an Investigating Committen :--

always in stock-roll filmas, camers, papers, and pictures of on. Mr. C. Montague File, Rev. local and S. China views.

DOINGS OF THE DUFFS

HOW HAVE YOU BEEN MRS DUFF? WAS JUST DOWN TOWN TRYING TO GET SOME MONEY OUT OF MY HUSBAND AND THOUGHT I'D STOP IN

FOR A MINUTE

Ice House Street and Beaconsfield Acade.

GREEN ISLAND CEMENT COMPANY LIMITED,

PORTLAND CEMENT.

In Caske of 375 lbs. net.

In Bags of 250 lbs. net.

SHEWAN, TOMES & CO.

General Managers.

Hongkong.

FOR HAIPHONG AND HOIHOW.

$1 for Hongkong sad Haiphong trasy alternate Today,

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I'M GLAD YOU DID MRS TINEY HOW DID YOU COME OUT? DID

YOU TAKE HIM DOWN FOR SOME?1

This is t to Sov0 per annum. he creased proportionately that, for example, it would dould! the present allowance if the sales

Pari $100,000. As it will be ap Father Robert, Mr. A. G. Coppia,ining staff will be encouraged to parent that the Management and Mr Leung Yan Po and Mr. Phang Ilo.

Amongst the questions the Mena Ibers of the Investigating Committee had to put to themselves were the 63bwicz:...

Is it possible to profitably con duct a Tammery business in Hong kong?

work harder if they know a bonus

on ett prifts will be paid to abers, ! the Directors suggest that the anonat

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S. MOUTRIE & CO., LTD.

MASTER'S VOICE.

Chater Road

Tel. Central No. 527.

8114,000 for which they have paid $10 each,

To the New

for let the Compaor go into liquida. Managers 10,000 at $1-$ 40,000. tion, with a possibility of ultimately getting say 22 for every 310 so far invested.

$191,600.

of such he left to the discretion of, but the investigating Committee at a for each i held-56,150 et shares at $1 each for every & shares the Directors, it being underato al that any bonus is only to be paid in order to present à very conserva-

is content to momentarily omit this A. of next anal proats and mitive estimate of your Company's to exceed 15%. Tivy would not he

possibilities. It will be seen tha! content to take on the Management

$5,500 per annum available for pay. for $1,000 per month only, but stipa ing off indebtedness and/or divi late that they must be allowed to ends, can be earned on one side of purchase 10.000 shares also, with a

your business only, ption to purchase within 12 months, about 5.000/6,000 shares in addition.

There then runnins the mat Their appointment as Managers to ter of raising Additional Working possible to profitably work Tannery Imanent so long as they hold Capital, in which connection careful

Are Tanneries bring success. fully worked in other places under conditions which apply te Hongkong in respect of climat, labour and other difficulties I

3. As investigations show it is

1.

businesss loses and that in いやいや

10.000 shares and manage the basi attention should be given to the! ignous places snel industries aro wing codipted with considerable ss profitably and faithfully. They following remarks, viz. :--- uroft, how is it the Hoogkung Hide Meer to the Board of Directors, position is:--

To be allowed to nominate

The Company's present Share and Feather the, Ltd. is working at The Investigating Committee recun nef a large bus, and-what steps med acceptance of this offer, hu: en be taken to rgurdy the Cat this juncture wish to put pany's positioni

following points before you:-

Shares paid for in full at $10.

ench

Shares subscribed, for

which $5 nely has been pard

In the course of their investiga. || tions the Committee had much as the Hongkong and Shanghai Bank

The Company is indebted to distance from a firm of Tanners in

ing Corporation to the extent of Shares unsald Canton, which is working at a good about $150,000 secured by Mortgage bolt, and which, at the Investiga:

on your Property, viz.: ing Committers request drew up a Huildings and Stock. This indebt Questionaire dealing with the whole edness the Bank will issist upon be ses matter, Some of the salient pointsd

bronze out, (based on replies made

Conclusions.

tu

ing reduced to $100,000.

2

Land.

תן

818.202

The New Managers (option, one year) 1,646 Plus possible 141 on

which $5 only has been paid

141

(The

-4,787 at $1 per share į

▷

The Investigating Committee's | recommendation to Shareholders is that each Shareholder should take up his additional allotment, as under, the suggested altered Management; your Company's succes would ap pear to be assured.

7.

In the meantime Mr. W. M shares to rank pari passa Humphreya, Managing Director, hmy Las Tegards dividends, etc, with placed his resignation as Manager oi

these paid for at $10).

Particulars respecting making butli issues of same value to form the subject of further discussion | 19 with shareholders. $1,657 If some of the present Sharehol

--dots (after a prescribed periody do

The Investigating Committee ang gest that the 51,657 unsold Shares be offered as follows:-

יד

the Hongkong Hide and Leather Company, Limited, in the bands af the Investigating Committee,

All Correspondence is too lengthy to be put into this Report in ful detail, but such is of course avail.

able to any Shareholder requiring furiber particulars on application

to:

Total $100,000 tut signify their intention of taking [up their additional proportion of

Mr. A G. Coppin, da, Des Vœux. Stars as indicated above, such

Road Central, Hongkong. ૬. Shares shall be offered elsewhere; } that sufficient working Capital may solicitors will be consulted and Naturally also the Company's be raised for the continuance of the directed to take such steps as are business as a going concern, and to necessary for rehabilitating the pay off part of the Company's in Company in a manner conforming to debtedness to the Bank.

the requirement of the law of the Colony,"

↑ De the Company's present Manage

From the nett profit of £76,00% mend to the Questionaire) compete Upper Leather would fall to ke-

To offer to existing Shareholders the Investigating Committee

dediried 7% Interest per annum, three Shares for every four shares [form the following couchisions and say $7,000, and bonus of 15% OR offer the resulting recommendations, estance of nett profit to Managers at present held at $4 per share.

and Tankers $10,250, a total of 817.-

(Example: Every holder of 160) -

appears 75. The alternative 350, leaving available $55,650.00 to

shares for which he has paid 310your Investigating Committee to be

In conclusion is may be mentioned Aministration, Tannery and pay off indebtedness to the Bank darh (equuss (27, in all shall be to wind up the Company, in winch that several prominent and influen Trailing Expenses have been he and provide a dividond if devised

entitled to buy 5 shares at nt it is estimated the amount tial gentlemen are satisfied as to the zween £n,bod and $51,000 per annum. Immediately advisible.

ench fequal Kou in all). Thus he available for distribution, after 1-good possibilities of your Company These can be eut down to $25,men i 3, It will be noticed that the In.

would have 175 shares costing iquidation of all outstanding liabili and have expressed willingness to with bass of production or dici. !vestigating Comunittes take figures

all 81.200 an average of say 57.45 is, will not exceed per share for back their opinion by taking up of profits on Upper Leather only. Der share).

which you have paid $10. Share much more than their proportion of Reply to Xọ, w in the Ques. There is still the profit of say **, On this basis additional "Papital|holders therefore have to decide the $i sbares.” Įtionaire has the Pactory to b-1000 on Sule Leather to fez consider would be raised as follows:- whether they will take up 3 more

"'antiated on Page 9.)

ency.

YES, I KNICKED HIM FURA TEN SPOT- THE LITTLE WART IS GETTING SO TIGHT THAT IT'S LIKE PUILING TEETH. TO GET HIM TO LOSEN UP

A LITTLE -

An Unexpected Caller.

WELL, I GUESS Y YOU DO PRETTY WELL AT ANY

RATE

SEE YOU HAVE A MAID NOW, MRS. DUFF- HOW DO YOU LIKE

HER?

REAL WELL SO FAR YVE ONLY HAD HER ABOUT A WEEK- HOW LONG DO YOU GENERALLY KEEP AMAID, MRS. TINEY?.

BY ALLMAN

OH, UNTIL THEY BEGIN TO SHOW HOW SORRY THEY ARE FOR MY

HUSBAND!

IN STOCK

Memories of Lord Pisher,

Chinese Life in Town & Counti Modern China,

Chinese Characteristics,

Village Life in China,

Marco Polo's Travels

also

Unexpurgated Diary of a Shanghai Bab,

Audacious Angles of Chinz,

Etc., Etc.

BREWER & CO.

23, Queen's Road ́C. Tell No. 696):

KES STYKK