1925-12-10 — Page 4

New Advertisements.

PROSPECTUS.

The Subscription List will he opened on Tuesday, the 15th day of December, 1925, and will close on or before Thursday, the 31st day of December, 1926,

HONGKONG TELEPHONE COMPANY, LIMITED. Incorporated under the Companies Ordinance, 1911. Capital $5,000,000 divided into 500,000 Shares of $10 each.

Of the above shares 110,000 were subscribed for cash on the Incorporation of the Company by the two Promoters, the Hon. Sir C. P. Chatur und James Harper l'aggart, as to 15,000 euch, and by the Directore, the Hon. Sir C. P. Chater, the Hon. Mr. P. H. Holyoak, the Hon. Mr. Chow Shou Son, the Hon. Mr. R. H. Kotewall, the Very Reverend Father Leon Robert, Robert Gordon Shewan, John Scott Harston and James Harper Taggart ss to 10,000 shares ench.

On 'these $3.50 per share (heing ns to $2.50 one-quarter of the nominal value of the share and us to $1.00 the premium thereon) was paid on allotment and the balance ($7.50 per share3 will be paid when called up on the same basis as the remaining capital.

140,000 shares credited as fully paid up and ranking for dividend as from the 1st July, 1925, have been allolled to the Chinn and Japan Telephone and Electric Company, Limited, in pursuance of the Agreement (hereinafter called "the Purchase Agreement") dated the 20th day of May, 1925, made between the China and Japan Telephone and Electric Company, Limited, of the one part and James) Harper Taggart on behalf of the above Company of the other part.

The remaining 250,000 shares, to rank for dividend from the 1st day of January, 1926, on the nominal amount from time to time paid up thereon but in all other respects equally with those already subscribed, are now offered for public subscription. $3.50 per share is payable on application, being as to $2.50 one-quarter of the nominai value of the shore and as to $1.00 the premium thereon. The balance due on each share, namely $7.50, will not be called up at present but is to be called up on subsequent deward as and when eapital is re- quired.

In allotting shares the Directors, will, if there are sufficient applications from hon lide residents in the Colony of Hongkong, allot shares to such applicants only, and they will also pay due regard to the applications of telephone subscribers.

Directors,

The Hon. Sir Catchick Paul Chater, Marble Hall. Vietoria. Hongkong, Member of the Legislative Council of the Colony of Hongkong.

The Hon. Mr. Percy Hobson Holyoak, of Messrs. Holyoak, Massey & Co. Ltd., Victoria, Hongkong, Merchant.

The Hon. Mr. Chow Shou Son, of the Bank of East Asia. Limited, Victoria, Hongkong, Banker.

The Hor. Mr. Robert Hornus Kotowall, of China Building, Victoria, Hongkong, Merchant.

#: The Very Reverend Father Leon Robert, of Missions Etrangeres, Victoria, Hengkung, Missionary,

Robert Gordon Shewan, of St. George's Building, Victoria,! Hongkong.. Merchant..

John Scolt Harsten, of Prince's Building, Victoria, Hongkong, Soliciter.

James Harper Taggart, of Victoria, Hongkong. Managing

Director of The Hongkong & Shanghai Hotels, Lad.

In pursuatire of the terms of the Purchase Agreement, the

THE HONGKONG TELEGRAPH,

THURSDAY, DECEMBER 10. 1925.

"reports, as pertain or are necessary to the | "conduct In continuity of the business being "the property of the Vendor Company and "used by it for the purpose of its busines "and including spare plant and stores of all "descriptions (whether actually in use or not "in use) without any exception whatsoever "save as hereinafter mentioned in the posses- "sion of the Vendor Company or to which it is entitled and also including works of all "kinds in the course of construction without #exception.

(The benefit of all contracts and engagements "entered into by the Vendor Company in the "Colony of Hongkong in relation to its said "Lustress (but excepting contracts with "employees of the Vendor Company for which "special provision is hereafter made),

(e) The Vendor Company's rights and corres- "ponding obligations in respect thereof relat- "ing to all wayleaves" ways and all other "rights and easements enjoyed and used by

the Vendor Company for the purpose of its! "said business.

"(3) The consideration for the said sale shall be the

"following sums that is to say:→

"(e) The sum of $1,165,000 (One million one "hundred and fifty-five thousand Dollars "Hongkong Currency) for the plant of the "Vendor Company,

NEW ADVERTISEMENTS.

ADVERTISE YOUR WANTS IN THE HONGKONG TELEGRAPH which is

"THE EVENING NEWSPAPER

WITH THE LARGEST CIRCULATION

.

25 WORDS FOR ONE DOLLAR PREPAID

$1.50 if not prepaid.

Advertisors should note that replies must be called for at this offior.

GIVE THESE COLUMNS AN OPPORTUNITY TO ASSIST YOU.

The following replies are awaiting collection :--. Nos. 1366, 1375, 1314, 1320, 1384, 1376 1385, 1842, 1992, 1397, 1409, 1418 1499

PREMISES TO LET

MISCELLANEOUS.

́THE CHINA LIGHT & POWER' COMPANY (1918) LIMITED.

The SEVENTH ORDINARY YEARLY MEETING OF SHAREHOLDERS in the abovo Company will be held at the Offices of the Company, St.. George's Building, Chater Road,. Victoria, Hongkong, on Monday. the 21st December, 1925, at 11.30- o'clock in the forenoon, for the purpose of roceiving a Statement of Accounts and the Report of the General Managors for the year" ended 30th September, 1925, and eloeting a Consulting Committee. and Auditors.

The Transfer Books of the Company will be closed from Thursday, the 10th December, 1925, until Monday, the 21st December, 1925, both days. inclusive.

SHEWAN, TOMES & CO... General Managers. Hongkong, 5th December, 1925.

NOTICE.

b) The landed cost to the Vendor Company of Ion with all modore Estates negotiated for root, auc- KOWLOON BOWLING GREEN

O LET. European Flat at "House, Flats, Buliding-Lots, "all additions made to the said plant and/or

Apply to Ktion, or private sale. Manage- "properly from the First day of January One Conveniences. "thousand nine hundred and twenty-five to yamally & Co, 3 and 5, D'Aguilar meat arranged for allonts pro- "the Thirtieth day of Jane One thousand nine Street, Hongkong. "hundred and twenty-five.

(e) The sum of $491,385 (Four hundred and "ninety-one thousand three hundred and "thirty-five Dollars Hongkong Currency) for

ceeding abroad. Tolophone 04680) Small Investors, 10, Des Voeux Road."

LET. No. 11, Chatham Road, Kowloon. Apply to

"the land and buildings of the Vendor Com-J. M. Pereira. Kowloon Hotel. "pany which are more particularly set forth "in the Schedule hereto.

"(d) The value of the stores of the Vendor Com-O LET-One European flat,

"pany which at the Thirtieth day of June One cong.

"thousand nine hundred and twenty-five are "in the possession of the Vendor Company in "the Colony of Hongkong or are in transit to "the Vendor Company there or for the pur- "chase of which the, Vendor Company has "entered into binding contracts,

Road.

WANTED.

WA

WANTED.-IMMEDIATELY

Russian watchman for Wanchai Gap Road, Hong-privato house, Swatow. Parti- Apply to 32 Kennedy culars apply box No. 1424 c/o

NOTICE.

CHINA COAST OFFICERS' (4) The said consideration shall be satisfied (as to the

GUILD sum of One million four hundred thousand Dollars

and part thereof) by the allotment and issue to the

MARINE ENGINEERS GUILD "Vendor Company of One hundred and forty thou-

OF CHINA. and shares of Ten Dollars each in the Hongkong "Company eredited as fully paid up ranking for

Membera of both Guilds are re- "dividend as from the First day of July Onequested to attend a COMBINED "thousand nine hundred and twenty-âve and (as to MEETING, at the Guild's Offices "The balance thereof) by payment in cash in Ilong-on SUNDAY, 13TH INSTANT, AT "kong Currency in Hongkong by the Hongkong Comin O'CLOCK A.M. "pany to the Vendor Company,"

THE SCHEDULE ABOVE REFERRED TO: Properties Owned by the Vendor Company.

China and Japan Telephone and Electric Company, Imited, and the No. 2 Queen's Road Central and

No. 14 Ice House Street. Oriental Telephone and Electric Company, Limited, or either of these

Inland Lot No. 57, Sections A & B of Inland Lot No. 339. Section A of Kowloon Inland Lot

No. 549. Remaining Portion of Rural

Building Lot No. 47. Properties Leased by the Vendor Company,

Companies, su long as these Companies or either of them hold in No. 1 Cameron Road, Kowloon, their or its own right not less than 100,000 fully paid up shares in the above Company area have the right of nominating two Directors Nos.

of the Company provided such Nominated Directors are bona fide residents of Hongkong.. The first nominated Directors (nominated! by the China and Japan Telephone and Electric Company, Limited) are the Hon. Mr. P. H. Holyoak and Mr. J. H. Taggart,

Bankers.

The Hongkong and Shanghai Banking Corporation, Hongkong.

Auditory,

Mesars. Lowe, Bingham & Malthews, Vietoria, Hongkong,

Chartered Accountants.

Solicitors.

Mesirs. Deacons, Victoria, Hongkong.

Registered Office.

16, Des Voeux Road Central, Hongkong.

Acting Secretary,

A. L. Terry, A.C.IS.

118 and 119, The Peak.

(0) Six Office Rooms in Nas. 15 and 17 Queen's Road Central. (0) One Two-storeyed Godown, used as Store and Workshop

being No. 3a. Duddell Street.

(c) Portion of land belonging to Kowloon-Canton Railway at Blackhead's Faint, Kowloon, for storing cables.

In addition to the allotment of 110,000 shares of the Company, credited as fully paid up, the China and Japan Telephone and Electric Company, Limited, has received from the Hongkong Company $200,000 in cash on account of the consideration specified in the Purchase Agreement.

The Hongkong Company was formed for the purpose, also, of supplying telephonic communication within and between the Colony ufigkeng and its Dependencies and the New Territories for a a) The Company was formed on the 24th Jane, 1925, for theid of Fifty years under a Concession from the Hongkong Govern- purpose of taking over the undertaking in Hongkong of ment detailed particulars of which appear more fully in The Telephone the China and Japan Telephone and Electric Company, Ordinance 1925 (hereinafter referred to as "the said Telephone Limited, who was the Vendor thereof and whose Regis-Ordinance").

The Hongkong Company is authorised to charge the following tered Office is situate at Alderman House; Alderman Walk, Bishopsgate, London, England. The material terms of the annual rates with effect from the 1st July, 1925:- bargain are set forth in the Purchase Agreement as follows:-

(a) $108 per Exchange Line within (2) Victoria and Kowloon as defined by the Interpretation Ordinance 1911 and (ii) within the Peak District as defined by the Peak District | Reservation Ordinance 1904 but substituting "700 feet" for 788 feet."

(b) 3108 per Exchange Line within a radius of one mile from any exchange that may hereafter be opened outside the areas referred to in (a).

(e) An additional charge of $50 per mile or part of a mile measured outwards from the nearest point of the 'boun- dary of the areas referred to in (a) and (b).

"(2) The Vendor Company will sell and the longkong' "Company will purchase as at the First day of "July One thousand nine hundred and twenty-five "Le said Telephone business and the whole of the "undertaking in the Colony of Hongkong and the "Dependencies thereof as a going concern (with the "benefit of all assets there situate but exclusive of "the nel profits, investments, cash in hand and in "the Bank and debts due to the Vendor Company! "on the Thirtieth day of June One thousand nine.

(d) For extension telephones, bells, switches, switch-boards, power-circuits, removals, and other services of like nature, "hundred and twenty-five) of the Vendor Compary

such charges as the Governor-in-Council may approve. "but free from all debentures, mortgages,

Should the charges above referred to be insufficient to pay to the "charges of any kind and the Vendor Company save! "as herein specially provided for shall pay and dis-shareholders of the Company a minimum dividend of Eight par cent. "charge all abilities whatsoever incurred by the per annum of the paid-up capital of the Company for the time being, "Vendor Company prior to the First day of July after making provision for working and managing expenses, main- "One thousand nine hundred and twenty-Ave includ- tenance and efficient service, depreciation and reserve, and the other "ing the satisfaction of all claims in respect of staff deductions referred to in Section 35 of the said Telephone Ordinanc "superannuation funds bonus funds and/or other the above rates are to be raised so as to enable the shareholders to "bonus payments up to and including the Thirtieth receive such minimum dividend of Eight per cent. per annum. "day of June One thousand nine hundred and twenty- The amount to be written off as provided annually for deprecia-

OF

"five Provided always and these presents are upon tion is not to exceed ten per cent, on the cost of the Company's, plant "this express condition that the same shall be subject and equipment other than land and buildings, and the amount that "to the said James Harper Taggart being satisfied may be appropriated annually by the Company to a Reserve Account "with the state and condition of the plant (including shall not exceed $50,000. "cables conduits, etc) of the Vendor Company, The The net profits of the Company after providing as aforesaid are "aid phrase the undertaking shall be deemed to be used firstly in payment to the Government of a royalty of Four "to include:-

Dollars in respect of each direct exchange line Telophone which has "(c) The Goodwill of the Vendor Company as now been used and paid for during the whole previous Twelve months by "carried on in the Colony of Hongkong anda Telephone Subscriber or One Dollar per direct exchange Hng Tole- "the Dependeneles thereof.

phone for each period of Three months or less,

payment to "(b) All the lands and buildings of the Vendor The said net profits are secondly to be applied 'in'

"Company owned and/or leased by tac the shareholders of the Hongkong Company of the minimum dividend "Vendor Company for the purpose of its said of Eight per cent. per annum rising to Twelve per cent. per annum." "business being the premises set out in the If the net profits be such that a larger dividend than Twelve "Schedule hereunder written subject to the per cent. per annum can be paid then as to the difference between "rents conditions and reservations affecting Twelve per cent. and Eighteen per cent, balf thereof is to be paid by way of increase of dividends to the shareholders of the Company, "the same.. c) All plant material stores machinery property and the remaining half of such difference is to be set aside for the trade instruments furniture and benefit of subscribers by way of reduction of the subscription rates Kanal, kakava ment fened iterunt,dividend payable to shareholders

BUSINESS of the utmost im- portance. Every member in Port is! requested to make a serious effort to be present.

TT. LAURENSON, W. J. STOKES,

Secretaries. Hongkong, December 9, 1925.

ST. STEPHEN'S COLLEGE.

5, and Prospect Palace,

The New Term begins Mon day, December 14th. Examina- tion for New Studenta, Friday, December 11th at 3.30 a..

'H.K. Talograph."

WANTED. A good home for a! Siamese Cat, Malo, 5 months old. Reply Box No. 1422, Care of

Hongkong Telegraph."

FOR SALE.

www.

FOR

OR SALE. Knitting Wool $3 per ib. Famous English; manufacture, ali Wakotiold shades, full weight guaranteed, Free knitting sticks. The Mutual Co., 1, D'Aguilar Street.

ABARGAIN.Folding watch

pocket Carbine camera, in excel ont condition. Size 3t * 21, Exchange or part axe aoge for posteard size considered. Apply Box No. 1423 "H.K. Telegraph."

MASSAGE

Mr. N. AKAJI,

Mrs. E, AKAJI.

Graduate of Tokyo wange School No. 29, 2nd. Flcor, WYNDHAA ST.

HONGKONG. TEL. 0.455

Any further net profits (ie., net profits in excess of Eighteen per cent, per annum) are to be applied solely for the reduction of Fall particulars in respect of the above appear in the Telephone subscription rates.

Ordinance, 1925.

(6) The minimam subscription on which the Directors may

proceed to allotment is Seven shares,

(6) The shares now offered for subscription have not been

underwritten.

(d) No commission or promotion money will be paid by the

Company.

CLUB.

CLOSING DAY.

Members are notified that the closing of the Bowling Season and Presentation of Prizes will take place on Saturday, 12th December.

B. WYLIE,

Hon. Secretary.. Hongkong, December 7, 1926.

NOTICE.

NOTICE IS HEREBY GIVEN that Mr. F. Munford is no longer connected with this Company and coased.to sign as Secretary from 1st. Dacombor, 1925.

KOWLOON TONG & NEW TERRITORIES DEVELOP- MENT CO., LTD.

E. D. SHANK,

General Manager.

OCEAN STEAMSHIP CO., LD. AND

CHINA MUTUAL STEAM NAVIGATION CO., LD. Consignees per Co's Steamer "ANTENOR"

are hereby notified that the cargo having arrived per 8. S. "Ixion" from Singapore will be discharged into Holt's Wharf Kowloon, where it will lie at Con- signoe's risk and subject to terms and conditions of storage ut Holt's Wharf. The Cargo will be ready for delivary from Go- down on the after 10th December. Optional cargo will be landed, unless notice has been given prior to steamer's arrival.'

L

All broken, chafed, and dam- aged goods are to be loft in the Godowns, where they will be ex- amined on any Tuesdays and Fridays between the hours of 10,45 a.m. and noon within the free storage period.

(e) The Company is to pay the preliminary expenses of andeteamer'e Godown, and all Goods

incidental to the formation and flotation of the Company down to the time when it becomes entitled to commence business and also the legal costs and expenses of and Incidental to the negotiations which have taken place for acquiring the aforesaid undertaking and the negotiations" with the Hongkong Government arising thereout and the obtaining of the aforesaid Ordinance, such legal costs and expenses to be incurred during the year 1925, and the estimated amount thereof is $20,000.

(f) The Articles of Association provide that the qualification of a Director is to be the holding of 1,000 shares in the Company and that the remuneration of each of the Directors is to be $2,000 per annum.

(g) The Directors were interested in the promotion of the Company to the extent only that they or some of them are Directors of other companies with whom the Com- pany may do business.

(h) Copics of the Memorandum and Articles of Association of the Company and of the Purchase Agreemont and of The Telephone Ordinance, No. 9 of 1925. can be Inspected at the office of Messieurs Deacons, Solicitors. for the Company, at any time during business hours. (1) A copy of the Company's Memorandum of Association

is annexed to this Prospectus and forms part of it.. Application for shares should be made upon the form accompanying the Prospectus and sent to the Company's Bankers together with a remittance of $150 per share, being as to $2.50 thereof one-quarter of the nominal value of the share and as to the remaining $1.00. the premium thereon. Where ne allotment is made the deposit will be returned in full and where the number of shares allotted is less than the number applied for, proportionate amount of the deposit will be:

returned.

(b) Prospectuses can be inspected at and forms of applica- tion obtained from the Company's Bankers, the Hongkong. and Shanghai Banking Corporation, Hongkong, and at and from the offices of the Company's Solicitors. Messieurs Deacons, No. 1 Des Voeux Road Centrál, Hongkong.

This Prospectus, has been duly fled with the Regletrar of:

No claims will be admitted after the Goods have loft the remaining undelivered after the 16th. Doo-mber will be subject to rent..

All Claims against the Steainer must be presented to the under- siged on or before the 30th Dec.. or they will not be recognised.

No Fire Insurance will be offected.

BUTTERFIELD & SWIRE

Agents. 10th Dec., 1625,

یا

LOST

Discomfort, dampness and a million leaks,

Genasco

ROOFING

took them all away. You can lose your ro troubles, too. Let show you how.

STOOKS CARRIED SHEWAN, TOMES & CO. IMPORT DEPARTMENT, SOLE AGENTB.

Notice Continued