1925-10-12 — Page 9

COMPANY MERGER.

THE HONGKONG TELEGRAPH, MONDAY, OCTOBER. 12, 1925.

Boards the shareholders of China ATMOSPHERIC RESEARCH.

Provident should have been notif-

ed of the scheme then proposed of merging the Hongkong Tug and

LOCAL SCHEME OPPOSED. Lighter Co. with the China Pro.

Company on too generous terms.

G.

Structure of the Air.

the

1ONGKONU AND SHANGHAI BANKING CORPORATION,

$50,000,000 $30,000.00

HEAD OFFICE: HONGKONG," Authorland Capital - fssued and Fully Paid-up

Reserve Fund Sterling .- Reserve Liability of Proprietors

€4,600,000

$26 600.000 R

$20,000.00

Chief Manager

A. H. Darlow, Esq.

Hongkong, 21st. Feb., 1924.

#

BANKS.

INTERNATIONAL BANKING CORPORATION.

(Owned by the National City Bank of New York).

Capital & Surplus...U.S. $1,000,000

HEAD OFFICE:

6, Wall Street, được

LONDON OFFICE :

36 Bishopsgate, N 0.

BRANCHES

Osuka

L'AGEN

Poking

Puerto Plata

San Francisco, Cal."

San Francisco de Macoria

Canton

Rangion

Cebu

Colon

Dairen

San Pedro de Macoria Sanchez

Hankow

ong

La Vega Madrid Manila

Santiago de los Caballeros Santo Domingo

Shangha

Singapore

Trontain

Tokio Yokohama

Current

i

BANQUE DE L'INDO-CHINE (BRANCH BANK.)

HEAD OFFICE:

06, Boulevard Hataamann, Paris,

Capital Paid-up Capital Reaorres

Fr. 72,000,000.00

Fra. 68,400,000.00

Frs. 69,667,293.54

BRANCHES & AGENCIES ;

Bankok

Hongkong

Saigon

Battambang Mongla

Shanghai

Canton

Noumea

Singapura

Djibesti

Papsote

Tiantain

Haiphong . Poing Tourane

| Hankow

Hanoi

: Pnom Penh Thadivestock Pondicherry Yuanants'

BANKERS:

In FRANCE ---Comptoir National

d'Escompte de Paris; Credit Lyonnais; Banque de Paris et den Faye-Bay Credit Industrial Commercial; Societe General.

ot

In LONDON :-The National Fro vincial and Union Bank of England, Lids Comptoir National d'Escomple Jo Paris, Credit Lyonnais.

In NEW YORK :-J. P. Murgon & Co. Interest Allowed' on Current Accounts

vident Loan and Mortgage Co. At Saturday's extraordinary "They had a proposition which

Although the air, because of its general meeting of the Chinn Pro- seemed to be forced upon them and vident Loan and Mortgage Com which reated on no evidenes what-transparency and lightness scoms pany, which was held in connection ever as to the equity of the deal. homogeneous, we all have ex- December 31, the Hong-perience of its inequalitios. The "with the proposed merger with the On

Hongkong Tug and Lighter Com-kong Tug and Lighter Co. suffered cyclist paseing along a valley

a loss of $22,746.88, and had be with lateral tributaries on a sum pany, the Chairman, Mr. R.

ides to pay $20,000, as under-mer evening finds himself passing Showan, referred to the correspon-writing commission and $3,805.05. through streams of hot or cold deace which appeared in that morn.The debt of the Company was real- currents us abruptly separated in

COURT OF DIRECTORS: $50,000. No share quality as water and land on a Ing's newspapers. The purport of 1. over

G. M. Young, Esq. Chairman H. P. White, Esq. Deputy Chairman Bershons The yachtsman on a the letter was a complaint that the holders In the China Provident moor. Plovident and Loan Company is Loan and Mortgage Co., Ltd., have calin day seeks out little stream D.G.M. Bernard, Esq Hon. Mr. A.O. Lang Barcelon

W. H. Boll, Esq. W. L. Pattondon, Eng Batavia taking over the Tug and "Lighter any wish to minimise the value lots of breoze in the still air by Kil. Compton, Esq. J.A. Plummer, Eaq.

Hombay of the assets and profits of the watching how they ripple the face Hon. Mr.P.H.Holyunk T. G. Weall, Esq. Calcutt Hongkong Tug and Lighter. Co. of the sea. And on a cross- Mr. Shewan begun by saying that and they wished to give them all Channel aeroplane trip, in what the letter was anonymous and did their due up to the last cent, but appears to an inexperienced eye Manager: Shanghai-G. H. Stitt, Esq. not give any proof that it was he failed to see how they should the calmest of flying weather, the

LONDON BANKERS: signed by shareholders, and so he undervalue the assets of the 'pockets" into which

WESTMINSTER BANK LTD.. was not sure whether he ought to China Provident Company simply aeroplano falls and the sudden

CURRENT ACCOUNTS open- Kobe take any notice of it. But he would because they absorb a new come upward pushes it encounters will ed in LOCAL CURRENOY and just like to say a few words any for the mutual profit of both certainly startle and may incom- FIXED DEPOSITS received for Abraham Lincoln, who was perhaps parties, It is certainly in that mode the passenger. Such in-one year or shorter periods in one of the wisest men who ever spirit that the General Managers equalities we take to be due to Local Curranoy and Sterling on lived, used to say that a man should should have approached this ques- temporary and local causes, and sorms which will be quoted on not swop horses when crossing a tion, and he wondered why they did to extend little way above the application.

surface of the ground. In the stream, and they were right in mid- not do so. stream now. The sooner they got To come to a practical and egait. higher regions we think of a ever the other side the better. Toable base of merging, he pro- gradual increase in the coldness

and tenuity of the atmosphere, "... attempt to stop those proceedings posed.-.

until it fades into the emptiness and absolute cold of stollar space.

Dr. Simpson, in his lucid and The Business of the above Bank is learned address to the Mathema conducted by the IONCRONG AND SHANGHAI DANKING CORPORA (2) "That the assets of both Com-tical and Physical Section of the

Rulas may be obtained on British Association, confirmed application End Been said that the Tug andpanies he carefully estimated by the popular view of the state of INTEREST on Deposits is calcalated

(4) That the respective value the atmosphere for the regions on the lowest balance during each com

annum. Should there be no balance on bolh Companies, being established far alove our hoads, and ad-pleted Calendar Month at 34 per cant per by the auditors, the Hongkongitted it for the peculiar con-any day in a month no interest will be

with the allowed for that month.

Depositore may transfer at their option Tar & Lighter C, should reccditions associated in Tully paid ap shares in the "Doldrums" und. With thunder-Bainnce of $100 or more to the HỎNG. storms. But exploration of the KONG AND SHANGHAI BANK to he Chin Provident the equivalent of its set in shares in the China Pher air far beyond the height places on FIXED DEPOSIT at CUR. Capital (fully paid up). Y. 100,000,000 Paid-up Capital Guilders

the most daring RENT RATES. Provident Company.

For the Hongkong and Shanghai Bank- (4) That the capital of the Comeronaut can reach, however woll pany should then be increased in Provided with oxygen he and his ing Corporation.

A. H. BARLOW, such a figure which will allow thenpine may be, has been curried

Chief Manager." out over many different regions China Provident to carry through of the globe by means of bullonets

Hongkong. 7th. January 1926... the doal

with self-recording instruments. We have to conceive the atmo- Sphere anywhere above about a miles and a half as being arrang- ed in almost permanent layers, which if they were coloured Authorized Capital.. would appear as sharply divided as Paid Up Capital..... the strata in e cliff. Their Silver Resurve Fund....... arrangement and relative perman- enco. have been ascertained by observation and confirmed. by mathematicalanalysis of the cause

Commercial and Travellers' Letters of Credit, Bills of Exchange and Cable Transfers bought and sold. accounts and Savings *Bank accounts opened

and Fixed Deposits in local and and Fixed Deposits according to arrange foreign currencies taken at rater that mayment. be ascertained on application to the Bank. Evory description at banking and,

We are also able to offer our Customers exchange business transacted the Branches of Nationa JONGKONG SAVINGS BANK. Uvices of are wore in the principal countries of South America and in the West Indies.

G. 11000,

now and to commence now negotia-

(1) That both Companies work tions with the Tug and Lighter Company would be the height of independently up to the 31st De folly and would be "disastrous al-sember. together. It was quite true what

Lighter Company worked at a luss the auditors... Fast year, but it had done better business since and was int

The Tugi much better position. and Lighter Company was not. forcing the sale on the. Providenti Company, but they knew quite well that the Provident Company! was using their ighters to advan- tage and they knew, too, that it would take from uine. to twelvel months to build new lighters and Lugs. And everybody know that it would cost a great dent more than)

Question of Public Honesty. the price which the Tug and Lighter)

Continuing Father Robert sabi was asking. Company

For that the China Provident Lunn and those considerations they recomMortgage Company is now a big mended, the transaction to share Company, and that the antiquate holders: He was quite sure that Articles of Association are no longer If those gentlemen who had writin keeping with the present Ordi- ten to the papers thought a little nances regulating the Companies more deeply about it and went into and that perhaps vory serious the question. they would find that changes should be misle.

1

į

10

which

it would, cost more in time and He agreed with the Chairman that money to get such a fleet else it was difficult to postpone the vote,

to which theyaredue-thephysicul. where as they were getting now. which was asked from them that notice convering the meeting and be in the best interests of public the solar energy is transformed The Secretary then read the day, but he believed that it would nature of air, its relation to heat, the changes it undergoes when also the report of the proceedings honesty to do so. He did not see! into the kinetic energy of the of the previous, meeting held on why, until the end of the year the winds, and the effect of the rotation September 23.

Tag and Lighter Company should of the earth. The Chairman then proposed the ant work as it has done in the past. .confirmation of the resolutions and

Mr. Morley seconded Father Mr. White seconded' the motion.

Robert's propositions. Father Robert's. Objections,

"0

THE BANK OF CANTON ́ LTD. Head Office Hongkong,

Manager.

& Queen's Road Central, Hongkong.

THE YOKOHAMA SPECIE BANK LTD.

Established 1830.

Reserve fund.

......Y. 93,500,000 HEADOFFICE—YOKORAMA. Branches and Agencira at

Robe

Semarang Sourabay

Rangoon

Batavia Boxboy London Buenos Ayres Lyon' Calcutta

Canton

Changchun Dairen

(Danly} Fanglion

Mukden

יי,

Los Angeles San Francisco Manil

Seattlo

A LECOT,

Manager.

NEDERLANDSCHE HANDEL MAATCHAPPIJ. (Netherlands Trading Society). BANK.

Established 1824. Rangitong Branch established 1900 Authorized Capital Quilders.150,000,000

Reserve Fund Quilders Special Rotorven Guildora

(012,500,000)

(0

$0.300,000 6,606,6701

20,536,861

(1,711,405)

22,560,000

2 (£1,888,330) HEAD OFFICE-AMSTERDAM," Eastern HEAD OFFICE-BATAVIA

BRANOHES -

Daudjarmasin Koin-Radja Rotterdam Bandocug Singapore

Macassara Samarang Bombay Shiaionek

Nagasaki Shangha

wchwang

Calcutta

Osaya

New York

Cheribon

Poking

Tokyo

Tainantu

Junutra

Tsingtau

Kobe

Karachi

Vindivostock

The Hague

Saigon

Rio d

de

£1,200,000 Hamburg £1,081,575 Hankow ......700,000 Honolul Harbin

business transacted.

Foreign Exchange & General Banking Kol Yuen

Intercat allowed on Current Accounts. Doposita received for fixed periods st ratos to be obtained on application.

Mr. C. ARIMA, Manager

Interest allowed on

CURRENT ACCOUNTS"

per aan on daily credit kalancer

of over $100.00

SAVINGS

4% per annum DEPOSITS

for 18 months 5% per annum

6

27

>

4%

3

8%

on Domand

"'

2% per annum

BRANCHES → Canton, Swatow, Shanghai, Hankow, Bangkok, New York and Ban Francisco. Bank Ltd.

LONDON BANKEES :-The Lloydı

LOOK POONG SHAN, Chief Manager.

There are threq notable and al- most permanent "surfaces of dis- continuity" where one" mass of Mr. T. Wong said that he thought air moete, but does not appreci the propositions put forward by ably blend with, its neighbour. Father Robert addressing the Father Robert were execlient. They Tho first is roughly concentric meeting said he was sorry that he were equitable to both sides, and with the earth and. separates an was late in expressing his views nothing should be done which was inner shell from an outer shell but he had been absent from the partial to one side and inequitable fading off into space. The shell Colony, and did not have an earlier the other. The present arrange in which we are bathed is some opportunity. The object of this confirmatory meeting was, he said, ent was not at all equitable to twenty kilometres thick over the to complete the purchase of the vident Loan. They were giving too the poles, where it may be only

the shareholders of the China Frequator, but slopes down towards THE BANK OF CHINA.. Hongkong Tug and Lighter Com

much to the Tag" and Lighter, and four kilometres thick in winter. pany for the sum of $600,000 to

Epecially authorized by Presidential be paid in fully paid up slant'es in wer undervaluing the China Pro In this inner shell the tempera- Mandate of the Republic of China, on the

Loan and vident. As regards the letter to the ture falls with height, but is 22nd of November, 1917.) Provident the China

He had not newspapers it simply drow attention always, at equivalent levels Mortgage Co., Ltd. the slightest intention to vote to fress which could not be denied hotterover the oquator than over Authorized Gapital. $4,000,000.00 arainst the priciple of the acquis-Some better way of judging the the poles. In the outer shell the Reserve Funds............. 9,679,475.24 Paid-up Capital Commu ..$18,278,600.00 tion of the Hongkong Tug and assets of the two Companies should temperaturs hardly changes with

PEKING. Lighter interest.

general be arranged. There should be an managers strongly recommended equitable basis, and he wanted to the purchase, and, therefore. The second Father Robert's proposats

chase

not seem able.

LD

The

him

Ltd.

HEAD OFFICE height, but at corresponding

HONGKONG BRANCHES : hoighis there is a higher tempera-

4, Queen's Road Contral, ture over the poles than over the

Branches and Sub-branches all over would not oppose them on that Amendment Out of Order. equator. The second great

China and correspondents in Europe, point. He wished, however, to state The Chairman said that while he frontier in the air is between the America and other parts of the World, that the manner by which the pur-

cold trade winds blowing down LONDON BANKERS-The National was to be mude did agreed with some of the remarks towards the equator and the re- Provincial and son Bank of Eagland

equit-made by Father Robert he was

The Guaranty Trust Company of New They should examine surry to inform them that he could latively warm anti-trade winds in

NEW YORK BRANCHES :—The carefully the assets of the two comt put the amendment to the not-the opposite direction. Here the York

The Equitable panies, and the task is easy after 58g, for the meeting was called for slope is reversed, being down from

the poics towards the equator. The Irving National Banks. the figures given in the daily the purpose of confirming or reject third is the so-called polar front Trust Company of New York.

Interest allowed on Current Accounts papers. Yesterday, he saw that is resolutions come to tap where in both hemispheres the and Fixed Deposite. Terme, on applica

vious meeting of shareholders,

The Chairman then put the matter cold air from the poles moets the tion.

warmer air at a sharp angle, try- nor inspired, but was satisfied that to the vote, and the repolutions were

under, Our old friends the The scheme upon which they were poll, and the Chairman agreed, the cyclones are eddies, passing in waves along the swaying polar asked to vote was good in itself, day fixed being Saturday noxt

front.

letter which he had neither written

it contained a good den! of confirmed by tan to nine votes. ing so to speak, to force its way

common sense.

Father Robert then asked for a

but he was not prepared to vote The Chairman then proposed the for It in its present form. He following resolution. na an Extraord pointed out that Mr. Shewan being inary, resolution:--

interested in the Hongkong Tug 'and Lighter Co. did not vote for the adoption of the present scheme and in that he was certainly right: He added that as a member of the consulting committee of the Com- pany, when the present scheme was suddenly rushed through he ex- pressed his curprise to the Chair- man and asked for the neebuntsi of hoth companies.

Quention of Enquiry..

He was of the opinion that the

..

That Article XI (0) of thei Articles of Association of the Com-! pany be amended as follows:-

(1) By the deletion of the words and figures "a exum of $3,000 jar annum for defraying tho salarios

of clerks and all office expenACS and

(9) By the addition at the end

of the said Article of the words The Company shall pay ho salaries of all employees and all rent, office expenses and other disbureorients, "

The Chairman: The reason for accounts of the Hongkong Tur this chabgo, gentlemen, is that the and Lighter and also the accounts Company has outgrown the Article of the China Provident und Lour for Fam sure you will all agree that Company should have been made an allowance which was fixed in the up to Juno' · 20. · Due conai year 1809 for a Company with a deration should have been giver capital of 8500,000 is quite incom- of the value of the assets of bot meneurato in 1025 with a Company bestand uponles, and after exchange of of over twolve times that amouet

Old Lady!" Surely a man like you could get a job in some business?

Stroot Singor: What, and

transacted.

:

Every description of Banking business Lonas granted an approved securities, Special facilities for Home Exchange.

EE PEI, Manager.

ORIENTAL COMMERCIAL BANK, LTD.

"45

%Pཨཽ་

by Des Voeur Rond Central, Hongkong.

ERANORES-LANGKOK- SHANGHAL

Correspondentari London: West-

+1

Hongkong, March 11th 1925.

日中

SOCIETE FRANCAISE DE

GERANCE.

DE LA BANQUE INDUSTRIELLE DE CHINE. “ETABLISSEMENT FRANCO.

CHINOIS. (Incorporated in France).

5, Chater Road, Victoria, Hongkong HEAD OFFICE:

74,, Ras St. Lazara, Paris, Capital Franca...... Fr.10,000,000.00 Reserves France

Fra 10,700,000.00 |

2

Working fund provided by THE BANQUE INDUSTRIELLE DE CHINE Francs 50,000,000

BANKERS. FRANCE: Societe General Banque Nationale de Credit, Banque de Paris et des Pays Bas

LONDON Midland Bank Ltd. NEW YORK-Irving Bank, Columbin Trust Co.

Every description of Banking and Exchange Business Transacted. Carro spondents throughout the world.

A: ROLLIN Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINĄ.

(Incorporated by Royal Charter 1553.)

ཡ

Paid-up Capital........£3,000,000 | Reserve Fund £4,000,000 Reserve Liability of Proprietors £3,000,000 Foreign Exchange and General Banking busing a transacted.

Carrint Accounts opened and Fixed Depuerte receivad, for 1 year or aborter periods at rats which will be quoted bo application.

A. H. FERGUSON,

Sunger.

THE BANK. OF EAST

LIMITED.

Modan

Shanghai

Padeng Singapore Palembang Boerabaia. Fecalonan Soerakarta Panang Toga! Hole) Pontianak Tintja and Rangoon

"Weltevreden

London Bankers National Provinciat

Bank, Ltd.

Correspondents all over the world. BANKING BUSINESS OF EVERY DESCRIPTION.

M. J. HERBSCHLEB,

Agent.

THE P. & O. BANKING 'CORPORA NION, LTD.

(Incorporated in England 1820)

With which is 'affliated

THE ALLAHABAD BANK, LTD..

INDIA.

Authorized Capital..

£5,000,000

Subscribed and Raid-up£2,504,160 Reserve Fund

.....£160,000

HEAD OFFICE: 122, Leadenhall London E.C. WEST LONDON BRANCH: 14-16, Cockapur Street, Landon B, W... EASTERN BRANCHES : Bombay, Culeutla, Karachi, Madras, Colombo, Singapore, Hongkong, Canton and Shanghai,

The Corporation undertaks General Banking and Exchange Business of' every description and is addition to its Branches) has Agencies in all the principal cities of the world,

L. B. HOPKINS,

Managar

22, Bos Voux Boed" Central, Hongkong.

1ka.Bu YUNG SANH, LTD.

( Estabhshëď) 1017.)

CAPITAL:

Authorised Capital$20,000,00€ Issued Paid-up

8,000,000 4,000,000

Recerve abilities of

Shareholders

4,000,000 825,000

Surplus

HEAD OFFICE :- SINGAPORE. Branches, Agencies and Chrrespondeuts in the principal cities of the world. Exchange business transacted.

Every description of Banking and)

:

ASIA

minster Bank, Ltd; Now York: HEAD OFFICE-HONGKONG.

National City Bank; San Francisco: Union Trust Co. of San Francisco' Canton Bank.

Authorised Captial .................... $5 000 000 Paid Up Capital.........................$1 000,000 Modern banking in all its branches Currant accounts savings accounts and fixed deposits solicited. Loans granted en approved soczenz:

Overseas banking a speciality, INTERES Current accounts 2 por cant savings 4 per cent, Fized Deposits, 3 months 4: per cent, 6 months 49 por. ́oont, one year 6 per cent,

Safe Deposits, Boxes for Rent, Our Vault, safeguarded, by time clock and doudle combinations. Armour plate steet danra, an

Authorlaed Capital Patton Capital · • Reserve Fund.

$10,000,000 5,000,000 1,000,000

DIRECTORS

Hon. Mr. Chow Shou Bon-Obairman Fung Ping Shan Mob Ching Kong Wong Yun Tong

Li Koon Chua

P.K. Kwok

Ng Ching Lak

Pong Wai Ting.

Huyuk Tai

Kan Yan Po

Chan Ching Shek

HL. HUANG Mapagar.

MANUFACTURERS

LIFE

UNDERWOOD TYPEWRITERS

PORTABLE. MODEL Weight 84 lbs. In travelling case.

MINIMUM WEIGHT. MAXIMUM SERVICE.

Price Mex. $112.50 Nett."

DODWELL & Co., Ltd.

Office Equipment Dept. No. 1 Duddell Street Telephone 4689 Central,

Bros

The Drin Vaanam

COFFEE

Correct taste strength flavor

CChe Recognized Standard

GETZ BROS & CO.

THE ORIENT LTD, INC."

CHANGE OF SEASON COLDS

can quickly bo alleviated, and in many instancos stave off al together, by a timely dose of Pinkettes, the dainty little laxa tives and yor regulatora, An gently as nature Pinkottes cleanse the system, dispel'

INSURANCE COMPANY, Pinkettes

Toronto, Canada,

Insurance in force

exceeds......

Assets exceedi

'G.$285,000,0

Q-$ 63,000.00€

ARNBOLD & COMPANY, LTD.

Agents.

GEO. H. LYNOTT,

Special Representative,

Every description of Banking and MASSAGE HALL

Exchange business transacted-Loans

ranted on approved securities.

SAFE DEPOSIT BOXES to let.

1KAN GTONG POWA

23 WYNDHAM STREET

KA

MRS. H. MORITA.

sick headaches, liverishness and bilious attacks. By onsuring daily. rogularity they clear the skin and purify tho, breath.

Your chemist selle Pinkottes, or post free, 60 cents. the vial, from Dr. Williams Medicine Co 60, Kiangse Road, Shanghai.

PINKETTES KEEP YOU WELL

THE NEW FRENCH REMEDYJ

THERAPION NO. THERAPION NO. 2

THERAPION N3

ROORDERS JE GEMIRO 207 KAD JE "MADRONESIE VERES -

SOL-DUTERASING CHERISTA FARM IN ENGLAND