1925-12-12 — Page 4

New Advertisements.

PROSPECTUS.

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

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

Of the above ahares 110,000 were subscribed for cash on the Incorporation of the Company by the two Promoters; the Hon. Sir. C. P. Chater and James Harper Taggart, as to 15,000 each, and by the Directors, the HoD, 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 Shawun, John Scott Harston and James Harper Taggart as to 10,000 shares each.

On these $3.50 per share (being as to $2.50 one-quarter of the nominal value of the share and as to $1.00 the premium thereon) was paid on allotment and the balance (87.50 per share) will be paid when called up on the same basis as the remaining capital,

THE HONGKONG TELEGRAPH.

140,000 shares credited as fully paid up and ranking for dividend as from the 1st July, 1925, have been allotted to the China and Japan; Telephone and Electric Company, Limited, in pursuance of the Agreement (hereinafter called "the Purchase Agreement") dated the 29th day of May, 1925, made between the China and Japan Telephone und Electric Company, Limited, of the one part and James Harpor 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 nomina) value of the share and us 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 demand as and when capital is re- quired.

In allotting shares, the Directors will, if there are sufficient applications from bona fide 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 Catehlik od sader, alle ika". Victoria.

the Colony of Hongkong Mender of the deck-lative to its Hongkong

Deal.

The Hon. M:. 1g Maxrey & Co., 1.td., Va. Paka, Et uzta tur. Mer s... A

The Hon Mr. on mak

Limile Victoria, Hearty. Baskar

The Hon. Mr. Ribog. Ho.ma

Victoria Hongkong, Merchant.

a. Bething.

The Very Reverend Pata Leng the wet Msp Etagere Victoria, en kann. Mis lonary.

Robert Gordon Sarwan, st St, Grizzes Ribling, Victoria. Hongkong, Merchant.

John Scott Harston, of Priters Builag, Victoria, Hongkong, Solicitor,

James Harper Taggart, of Victoria. Hongkong. Managja sj

Director of The Hongkong & Shanghai itotels, Ltd.

In pursunner of the terms of the Purchase Agreement. the

SATURDAY, DECEMBER 12, 1925.

"reports as portain 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 business "and including spare plant and stores of al "descriptions (whether actually in use or not "In use) without any exception whatsoever "savo as hereinafter mentioned in the posses- sion of the Vendar Company or to which it "is entitled and also including works of all "kinds in the course of construction without "exception....

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

(c) The Vendor Company's rights and corres- "ponding obligations in respect thereof relat- "ing to all wayleaves ways and all other "rights and casements enjoyed and used by "the Vendor Company for the purpose of its "said business.

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

"following suma that is to say:---

"(a) The sum of $1,155,000 (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 propsid.

Advertisers should note that replies must be called "for us this afton.

GIVE THESE COLUMNS AN OPPORTUNITY TO ASSIST YOU. ·

The following replice are awaiting collection an, Nos. 1866, 1975, 1914, 1890, 1884, 1876 1385, 1842, 1002, 1897, 1400, 1418 1422

TUITION

"(b) The landed cost to the Vendor Company of SPANISH LANGUAGE TUI- "all additions made to the said plant and/or TIO-Student taught both "property from the First day of January One Technical and Commercial "thousand nine hundred and twenty-five to Spanish, rapid methud. Pro- "the Thirtieth day of June One thousand nine ficiency guarantood in six months The Spanish professer is a higher "hundred and twenty-five.

for particulars, apply Pest Office graduate of Madrid University.

Box 635,

"(c) The sum of $401,385 (Four hundred and "ninety-one thousand three hundred and. "Thirty-five Dollars Hongkong Currenty) for "the land and buildings of the Vendor Com- "pany which are more particularly set forta "in the Schedule hereto,

7) The vaine of the stores of the Vendor Com-

"pany which at the Thirtieth day of Jane One "thousand nine hundred and twenty-five are in the miscation of foe Vendur Company in "the L'olony of Hongkour or abe in transit to Ce Vendor Conany three or for the pur- "eha e' ng which até Vender Taipany has Mentored Juta Mijailon coatedt

Who da colection of 1-unti ded was to the

PREMISES TO LET

MISCELLANEOUS.

CHURCH NOTICES.

LA CHANOR OF ONE DOLLAR IS MADE POR NOTICEM. UNDER THIN HEADING

St. John's Cathedral. Holy Com- munion 8 a.m; Matins and. Bermon; 11 a.m. The Chaplain willproach on "The Sacra- montal Attiudo." Evensong and Sermon 6 pm. The Reverend A. D. Stewart will pranch on "Tho buried pound.'

NOTICE.

THE HONGKONG & CANTON" ICE MANUFACTURING

·COMPANY, LIMITED.

NOTICE TO SHAREHOLDERS.

The THIRD, ORDINARY AN- NUAL MEETING of Shareholders In the above Company will be held at the Company's Town Office, 2, Lower Albert Road, Hongkong, on MONDAY, 28th December, 1925, at noon, for the purpose of pre- "House, Flats, Building-Lots, genting the Report of the Direc- talos negotiated for rum, autors and Statement of Accoun a

Manage- to 31st July, 1926. on, or private sale. ment arranged for clients pro- ceeding abroad. Telephone C4030 pany will be closed from 14th to Small Investors, 1, Roa Vou the 28th December, 1925, both days Road."

[inclusive.

By Order of the Board of Directors.

WANTED.

WANTED. For immediate

occupation. furnished house, bungalow or flat at the Peak dis trict or mi dle level. Write Box PRIVATE HOTEL, quiet Bri-1425 c/o The "Hongkong Tolo

tish family, board residence graph." from $4.00 daily. One minute from rates. Personal ferry, family Supervision, 1. Victoria Garzone. unkow" Read, Kowloon, Tel K 337.

no

Best location

FOR SALE.

FOUND.

The Transfer Books of the Com-

J. D. THOMSON, ·

Acting Secretary.

Hongkong, 11th December, 1923,

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

ру

The SEVENTH ORDINARY

ABARGAIN-Folding watch YEARLY MEETING OF pocket Carbine cumora, iSHAREHOLDERS in the alve The band this and Hollar O LET MODERN VILLA oxcelent condition. Size 3 x 21. Company will be held at the Tract oh wood be the albumen and one to he fully furnished, during ab- Exchange or part exe angs fur Offices of the Company. Si Victoria, Hongkong, on Monday, "Votilor Vignang, of Use Bandred and forty then sende of Advertiser, March to posteard size considered. Apply George's Building, Chater Road,

Box No. 1423 "H. K. Tolegraph

the 21st December, 1925, at 11,30 Asma ziaren of Tn Dollar much in the 1e song November 1926

o'clock in the forenoon, for the Wayans credito as fully paid a roding for overlooking barbour, modern fit-

purpose of receiving a Statement Mividend a Proin the First day of July One tings, 3 WCs 2 bath rooms &c.

of Accounts and the Report of the war and with hundred and twenty-five and (as to Arply .51 Granville Road, Kow-

OUND. At junction of No-General Managers for the your "the dance fereof) by payment in cash in Hong-loon-preferably 2 pm and 6 pm.

than Road and Jordan Road, ended 30th September, 1925, and kong Currency in Hongkong by the Hongkong Com

an envelope marked "To Morris's electing a Consulting Committed pany to the Vendor Company."

TO LET European Flat at

Mother" Owner may have same and Auditors. Kowloon with all modern

back on payment of this advertise- į Conveniences. Apply to Ka- Yamally & Co, 3 and 5, D'Aguilar ment. Apply E. McDougall e/o Company will be closed from Street, Hongkong.

THE SCHEDULE ABOVE REFERRED TO:

Properties Owned by the Vendor Company.

China and Japan Telephone and Electric Company, Lnited, and the No. 2 Queen's Road Central and Oriental Telephone and Electric Company, Limited, or either of these

No. 14 lee House Street,

Companies, so long as these Companies or either of them hold in No. 1 Cameron Road, Howleon. their or its own right not less than 100,000 fully paid ay shares in

the above Company are to have the right of nominating, two Directors Nos. 118 and 119, The Peak.

of the Company provided such Nominated Directors are bona fidel resident of Hongkong. The first nominated Directors nominated by the China and Japan Telephone and Etertrie Company. Limited,:,

are the Hon. Mr. P. H. Holyoak and Mr. J. it. Taggart.

The Hongkong and Shanghai Banking Corporation, Hongkong..

Bankers.

Auditors,

Messrs. Lowe, Ringham & Matthews, Victoria, Hongkong.

Chartered Accountants.

Solicitors,

Messrs. Deacons, Victoria. Hongkong.

Registered Office.

16, Des Voeux Road Central, Hongkong. Acting Secretary.

A. L. Terry, A.C.LS.

a) The Company was forment on the 24th June, 1925, for the purpose of thking over the undertaking in Hongkong of the China and Japan Telephone and Electric Company, Limited, who was the Vendor thereof and whose Regia tered Office is situate at Alderman House, Alderman Walk, Bishopsgate, London, England. The material terms of the bargain are set forth in the Purchase Agreement as follows:-

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

No. 519.

Remaining Portion of Rural

Building Lot No. 47.

Properties Leased by the Vendor Company.

E Six Pice Rooms in Nus, 15 and 17 Queen's Road Central.

- One Two-storeyed Godown, used as Store and Workshop

being No. Ba Daddell Street,

Portion of land belonging to Kowloon-Canton Railway

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

J. M. Pereira. Kowloo: Hotel.

ST. STEPHEN'S COLLEGE.

5, and 6 Prospect Palace.

The New Term begins Mon at Blacktead's Point, Kowloon, for storing cables, day, December 14th. Examina- In addition to the allotment of 140,000 shares of the Company,tion for New Students, Friday, credited as fully paid up, the China and Japan Telephone and Electric December 11th at 9 30 a.m.. |Company, Limited, has received from the Hongkong Company $200,000

in cash or account of the consideration specified in the Purchase) Agreement.

The Hongkong Company was formed for the purpose, also, of Lauppiring telephonie communication within and between the Colony of Hongkong and its Dependencies and the New Territories for a period of Fifty years under a Concession from the Hongkong Govern- ment detailed particulars of which appear more fully in The Telephone Ordinance 1925 (hereinafter referred to as "the said Telephone Ordinance"},

The Hongkong Company is authorised to charge the following annual gates with effect from the 1st July, 1925:--

$108 per Exchange Line within (0) Victoria and Kowloon as defined by the Interpretation Ordinance 1911 and (ii) within the Peak Distriel ng defined by the Peak District Reservation Ordinance 1904 but substituting."700 feet" for "788 feet."

1 $108 per Exchange Line within a radius of one mile from any exchange that may hereafter be opened cutside the areas referred to in (a).

לי

te An additional charge of $50 per mile or part of a mile

measured outwards from the nearest point of the boun-. dafy of the areas referred to in (a) and (b).

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

'(d) For, extension telephones, bells, switches, switch-boards, "hundred and twenty-five) of the Vendor Company

power-circuits, removals, and other services of like nature, "but fee from ali debentures, mortgages, ori

such charges as the Governor-in-Council may approve. "charges of any kind and the Vendor Company save Should the charges above referred to he insufficient to pay to the "as herein specially provided for shall pay and dis-shareholders of the Company a minimum dividend of Eight per cent. "charge all liabilities 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, malo- "One thousand nine hundred and twenty-five includ-temance 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 Telephon, Ordinance "auperannuation funds bonus fands and/or other the above rates are to be raised so as to, enable the shareholders to "bonne 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-

"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. "eables conduits, etc.) of the Vendor Company. The The net profes of the Company after providing as aforesaid.are] "anid phrase the undertaking' shall be deemed to be used firstly in payment to the Government of a royalty of Four "lo include:-

Dollars in respect of each direct exchange line Telephone which has been used and paid for daring the whole previous Twelve months by a Telephone Subscriber or One Dollar per direct exchange line Tele- phone for each period of Three months or less.

"(a) The Goodwill of the Vendor Company as now "curried on in the Colony of Hongkong and "the Dependencies thereof,

"(D) All the lands and buildings of the Vendor The said net profits are secondly to be applied in payment to "Company owned and/or leased by the 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 "renta conditions and reservations affecting] Twelve per cent, and Eighteen per cent. half thereof is to be paid "the same.

by way of increase of dividends to the shareholders of the Company, "(c) All plant material stores machinery property and the remaining half of such difference is to be set aside for the

"stock in trade instruments furniture and benefit of subscribers by way of reduction of the subscription rates| "utensils together with such books accounts authorised as above mentioned. The dividend payable to shareholders "documents plans statistics records and is limited to a maximum of Fifteen per cent, per annum.

Fo

Easma Club.

NOTICE, KOWLOON BOWLING GREEN

.......

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, 1925,

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

Full particulars in respect of the above appear in the Telephone Ordinance, 1925,

(b) The minimum subscription on which the Directors may

proceed to allotment is Seven shares.

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

underwritten.

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

Company.

小

(0) The Company is to pay the preliminary expenses of and incidental to the negotiations which have taken place for down to the time when it becomes entitled to commenco business and also the legal costs and expenses of and Incidental to the formation and flotation of the Company acquiring the aforesaid undertaking and the negotiations with the Hongkong Government arising theregut 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 Directora is to be $2,000 per annum,

(a) 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) Copies of the Memorandum and Articles of Asscelation of the Company and of the Purchase Agreement and of The Telephone Ordinance No. 9 of 1925 can be inspected at the office of Messieurs Deacons, Solleitors for the Company, at any time during business hours. (0) 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 Bankera together with a remittance of $3.60 per share. being as to $2.50 thereof one-quarter of the nominal value of the share and us to the remaining $1.00 the premium thereon. Where no allotment is made the deposit will be returned in full and where the number of phares allotted is lesa than the number applied for, a proportionate amount of the deposit. will be returned.

(k) Prospectages can be inspected at and forms of applica- tion obtained from the Company's Bankers, the Hongkong and Shanghai Banking Corporation, Hongkong, and at

The Transfer Books of the

Thursday, the 10th December, 1925, until Munday, the 21st

both Deceraber, 1925,

days inclusive.

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

NOTICE.

NOTICE IS HEREBY GIVEN that Mr. F. Mu ford is no longer- connected with this Company and ceased to sign as Secretary from 1st. December, 1925 1

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

E. D. SHANE,

General Manager.

LAMMERT'S AUCTIONS

PUBLIC AUCTION.

By Order of the Mortgagee. Messrs. Lammert Brothers have received instructions to sell by Public Auction on THURSDAY

the 17th day of December, 1925, at 3 o'clock in the afternoon, at their Sales Room, Daddell Street, Vic, toria, Hongkong,

The Very Valuable Leasehold Property

Situate at Kowloon in the Cofony of Hongkong and being Section A of Kowloon Inland Lot No. 1134,

IN ONE LOT: The property comprises four newly built mensuages or dwell- ing houses known as Nos. 1, 2, 3, 4, 6, and 6, King's Terrace.

Further particulars and con-- ditions of sale may be obtained from the office of

Messrs. DEACONS,

1 Des Voeux Road Central Vendors' Solicitors or Messrs. LAMMERT BROTHERS., The Auctioneers, Hongkong, December 6, 1925.

RUGHES & ROUGH

LIMITED.

GENERAL AUCTIONEERS.

and from the offices of the Company's Solicitors IMPORTEERS, EXPORTERS & Messieurs Deacons, No. 1 Des Voeux Road Central, Hongkong..

This Prospectus has been duly filed with the Registrar of

Companies,

Dated the 15th day of October, 1925

GENERAL BROKERS.

(Notice Continued on Page 15)