1930-12-20 — Page 5

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THE HONGKONG TELEGRAPH, SATURDAY, DECEMBER 20, 1930.

A copy of this Prospectus has been filed with the Registrar of Companies.

The Subscription List is now open and closes on or before the 15th February, 1931

PROSPECTUS of

THE SOUTH CHINA MOTOR-SHIPBUILDING

& REPAIRING WORKS, LTD.

(Incorporated under the Companies Ordinances of Hong Kong 1911 1925).

Authorized Capital $2,000,000.00.

Divided into 200,000 Fully paid up Shares of $10.00 each of which.

16,500 Shares have been allotted.

Issue of 58,500 Fully paid up Shares of $10.00 each at $10.00 a Share $10.00 payable on application, now offered for Public Subscription.

DIRECTORS

Mr. P. M. Hodgson, Solicitor, Messrs. Ta'a & Hodgson (Chairman)

Fedder Building.

Mr. H. H. H. Priestley, Director, E D. Bassoon Banking Co., Ltd.

Mr. J. M. Noronha,

Mr. Sum Pak Ming,

French Building.

Secretary, Credit Foncier d'Extreme Defeat

French Buliding.

Compradore, the Yokohama Specle Bank, Ltd.

Compradore, the Java China Japan Lijn. 280, Des Voeux Road, Central.

Mr. Ko Leong Hoe, Managing Director, Ho Hong Bank, Ltd.

Managing Director, Hlo Thong Co., Ltd.

13, Queen's Road, Central,

Mr. Tang Shiu Kin, Principal, Tin Fak Bank

171, Queen's Road, Central.

BANKERS

The Chartered Bank of India, Australia & China.

AUDITORS

Messrs. Thomson & Co.

SOLICITORS

Messrs. Ts'o & Hodgson.

REGISTERED OFFICE

St. George's Building, Hong Kong.

1. The objects of the Company re to organize a modern and up-to-date Shipyard and Repairing Works specialising in Motor-Shipbuilding and Repairing of Molors of all descriptions. The shipyard will also undertake to build or repair vessels other than those driven by Diesel Engines and rastars.

2. It is a well-known fact that Motors, Motorships, and Diesel-Engines are being built on an incressed

scale every year.

Factories and other power plants on land are steadily replacing their steam engines with Motors and Diesel-Engines which are far more economical,

The latest Shipbuilding statistica show 20 for Motor-ships against 10% for steamships.

3. The Company will be in a position to take full advantage of all the latest epoch-making inventions in

Ahipbuilding and avoid having any part of its capital tied up in obsolete equipments,

4. This means that a Motor-Shipbuilding Yara with Repairing Works for all types of Motors will not

only have now-buildings to complete but will have repair work on hand on an increased scale,

6. A Yard specialising in Motora requires less machinery and equipment than an ordinary shipyard, thus eliminating heavy and expensive plants for the buliding of bollers and other ateam auxiliaries,

C. What is essential in a Motor Shipbuilding Yard is a well-equipped Repair Shop for Diesel Engines

and Motors for land and sea und up-to-date facilities for docking ships.

7. The Company has entered into an Agreement with the Hongkong Government to acquire a most suitable space known as Kowloon Marine Lut No. 90 at To Kwa Wan, Kowloon Bay, with a total area of 222,000 sq. ft. with all buildings, etc. This aren until recently was occupied for more than 25 years by the Kwong Tack Cheong Shipyard Ltd., which has built more than 120 ships.

8. The purchase price is $295,000 of which $59,000 has been paid. It

Was Aurveyed In

1926

and valued by Messrs. Denison, Ram & Gibbs at $393,000 and resurveyed and revalued by Mesara. the value of the land whon used for Palmer & Turner in July, 1933 nt $345,400. This is ordinary purposes, but as a Marine Lot alreedy reclaimed and consolidated at considerable expense, Ita value should be fixed at a much higher price.

9. The buildings have been repaired, two new steal workshops have been erected and machinery, tools, etc. which have been purchasal have arrived from Europe. The shipyard will soon be again fully equipped and in working order. 4 building berths for ships up to 850 feet length are at our dia

most up-to-dato slipways for ships up to 300 feet in length. pasal, and it is proposed to build

10. The shipyard' and repairing works are under the management of an experienced Motor-shipbuilding,

Diesel-Engine, and Motor-Engheer who has been in Hong Kong since the last 10 years.

11. The Company will be able to give its customers every satisfaction so far as good workmanship and

reasonable prices are concerned, and will have expert and experienced supervision.

with the South

12. The Company will first be supported by the Hol Fock Shipping Co., Ltd. which has placed China Motor-Shipbuilding & Repairing Works, Ltd an order for the con- struction of 2 up-to-date motur-ships of 300 tons deadweight each. It is the intention of the Directors of the Hot Fook Shipping Co., Ltd. to place an order for two larger motorships upon the satisfactory completion of the first two vessels. Hence from the very beginning the Company will have sufficient 'work' on hand to keep its shipyard busy,

18. Messrs. Brandt & Co., Ship-Brokers, Shipping Agents, Maring-Valuers-Surveyors &-Architects, are the General Managers. They havo offices in both Hongkong and Canton, and an European Agent In. Hamburg, Germany.

The Principal of this firm has had 24 years wide experience in shipping and ship-building, and be- fore coming to Chins ho held bosides other responsible positions the post of Managing Director of a popular shipping concern in Hamburg.

14. The number of shares fixed by the Articles of Association as the qualification of a Director is 250

shares and the remuneration of the Directors is $750.00 per annum and 5% of the net profits.

!

18. The amount estimated for preliminary expenses is $0,000.00.

18. The Memorandum of Association of the Company forms part of this Prospectus,

17. Prospectus and forms of application can be obtained at the Office of the Company or its Bankers

or Solicitors,

Dated this 17th day of December, 1980.

BRADMAN'S LIFE STORY AT 22.

BATTING ADVICE FROM TATE

That "Don Bradman's Book" (1lutchinson and Co, London, 128. Gd. net) should be amplified in tho title as the story of a cricketing life, dontes some justice to the facts and also to the author. The won- der boy of Australia is only 22 years of age, and if health and trength permit most of the splen- dour his cricketing life Heg be fore him.

Personal narrative of early boy." hood and of subsequent rise to fame is the keynote of the book; yet even older cricketers than Brad man can scarcely afford to ignore his final hints, accompanied by ne- tion pictures, of batting and field- ing. What he says about his own beloved hook shot is very instruc- tive.

In some of the early pages wo read of the homely incident of his father taking his son to Sydney to see a Test match, and of a loud speaker that, while he lay abed, told Bradman from an adjoining room the glorious news that he had been chosen to play for Australia against England.

Tate's "Warning."

in

There is also a story, after a Test failure at Adelaide, of a man who was heard to say in Bradman's hearing: "Success at Melbourne has turned his head, and he was secare. cely sober all the time he was

That,

indeed, wa Adelaide." something less than fair in rela- tion to Bradman, who assures a normally thirsty world that he has never touched a drop of intoxicant ing liquor in his life.

The old tng, "Keep n' diary and a diary will keep you" depends more or leas on the rank of the diarist, Following the custom of Jack Hobbs on tour, Bradman kept a diary, and much of its contents are crystallin- ed in his book. The diary begins in Australia, where, we are told, Maurice Tate enjoined him "to play

straighter bat before you come to England, or you wlli nuver get any

runs.

Referring to the change of captaincy in the last Test, Bradman says: "The fact that Chapman was not to play was wonderful news to us, and we could have wished for no better tonic."

The author has been fortunate in persuading Mr. Pelham Warner to write an introduction, and this is the salt that lends no small savour to the book,

LADY INVERCLYDE'S

SUIT.

PETITION DISMISSED.

the

Mr. Justice Bateson, in Divorce Court, gave bla considered judgment with regard to the sum- inens brought by Lord Inverclyde, arising out of the petition for nullity brought by Lady Inverclyde ("June," the actress).

The aummona raised the question whether the only Court which had jurisdiction to hear Lady Inver clyde's petition was the Court of the domicile, Scotland. During the hearing it was submitted for Lord Inverclyde that the Court of the domicile had exclusive jurisdiction inasmuch as Lady Inverclyde's peti- tion was, in effect, one for the dis- solution of a valid marriage which might be voidable if the ground alleged was proved, but not void ab initio.

For Lady Inverclyda it was sub- mitted that the English Court had' the same powers as the Ecclesiatical Courta to entertain nullity suite in respect of marriages solemnised in England, whatever the grounds of the sult, and that the Court here had, therefore, jurisdiction.

A further summons arising out

Was

of the petition had reference to alimony pending the proceedings.

Mr. Justice Bateson that in his judgment the respondent Bac ceeded Lord Inverclyde domiciled in Scotland and resided in Scotland, and Lady Inverclyde was domiciled in Scotland and re- sided at Hampstead, Judgment was for the husband upon this lasue, and he would give leave to appeal.

Mr. Birkett naked if Lady Inver- clyde's summons for alimony would

dismissed.

be

Mr. Cates-Preedy suggested that the dismissal of the summone should wait to see if there was any appeal.

Eventually, Mr. Justice Bateson said that he dismissed Lady In- verclyde's petition for nullity and also her petition for alimony pon- denta lite. There would be judg mont for the "respondent on the issue and there would be no order as to costs at present.

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