1930-12-22 — Page 9

THE HONGKONG TELEGRAPH, MONDAY, DECEMBER 22, 1930.

A copy of this Prospectus has been filled 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 1911-1926).

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, Sollefter, Mesars. Te'o & Hodgson (Chairman)

+

Pedder Ballding.

Mr. H. H. H. Priestley, Director, F D. Saaroon Banking Co., Ltd,

Mr. J. M. Noronha,

Mr. Sum Pak Ming.

French Building.

Secretary, Credit Foncier d'Extreme Orient

French lufiding,

Compradore, the Yakobama Specie Bank, Ltd.

Compradore, the Java China Japan Lijn. 286, Des Voeux Road, Central

Mr. Ko Leong Hoe. Managing Director, Ha Hong Bank, Lid.

Managing Director, He Thoog Co., Ltd.

13, Queen's Road, Central.

Mr. Tang Shiu Kin. Principal, Tin Fuk 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 Motors of all descriptions. The shipyard will also undertake to build or repair vessels other than those driven by Diesel Engines and moters.

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

scale every year.

Factories and other power plants on land are steadily replacing heir and Diesel-Engines which are far more economical.

steam engines with Motors

The latest Shipbuilding statistics show 905% for Motor-ships against 105% for steamships.

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

Abipbuilding and avoid having any part of its capital tied up in obsolete equipments.

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

only have new-buildings to complete but will have repair work on hand on an increased scale.

1.

6. A Yard specialising in Motors requires less machinery and equipment than an ordinary shipyard, thus eliminating heavy and expensive plants for the building of boilers and other sleam auxiliaries. a well-equipped Repair Shop for Dionel Engines 6. What is essential in a Motor Shipbuilding Yard is

and Motors for land and sea and 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 Marino Let No. 90 at To Kwa Wan, Kowloon Bay, with a total area of 222,000 nq. it with all buildings, etc. This area until recently was occupied for more than 25 yearn by the Kwong Tack Cheong Shipyard Ltd., which has built more han 120 ships.

It was

1920

surveyed in 8. The purchase price is $295,000 of which $50,000 has been poid.

and valued by Messra. Denison, Ram & Gibbs, at $393,000 and resurveyed and revalued by Messrs. the value of the land when used for Palmer & Turner in July, 1930 at $346,400. This is ordinary purposes, but as a Marino Lot already reclaimed and consolidated at considerable expense, its value should be fixed at a much higher price.

9. The buildings have been repaired, two new steel workshops have been erected and machinery, tools, etc, which have been purchand have arrived from Europe. The shipyard will soon bo again fully equipped and in working ord. 4 building berths for ships up to 800 feet length are at our dis posal, and it is proposed to build most up-to-date allpways for ships up to 300 feet in length.

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

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

11. The Company will be ablo to give its customers every entisfaction so far 29 good workmanship and

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

12. The Company will first be supported by the Hol Fook Shipping Co., Ltd. which has placed China Motor-Shipbuilding & Repairing Worke, Ltd. an order for the con- with the South struction of 2 up-to-date motor-ships of 300 tons deadweight each. It in the intention of the Directors of the liot Fook Shipping Co., Ltd. to place an order for two larger moterships 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.

* I

18. Messrs. Brandt & Co, Ship-Brokers, Shipping Agents, Marine-Valuers-Surveyors &-Architects, are the General Managers. They have, 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 China he hold, besides athor responsible positions the post of Managing Director of a popular shipping concern in Hamburg.

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

shares and the remuneration of the Directors is $700.00 per annum and 5% of the net profits.

16. The amount estimated for preliminary expenses is $3,000.00.

10. The Memorandum of Association of the Company forms part of thin Prospectus.

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

or Bolleltors.

•

Dated this 17th day of December, 1580.

NEW VICEROY APPROVED.

LONDON NEWSPAPER .

COMMENT.

The oppointment of Viscount Willingdon to be Viceroy of Indin has been received with approval on all sides.

London, Dec. 20.

Ten years ago Lord Willingdon was influentially "tipped" for the position but not appointed, Re- cently he had boon completely for- gotten among the innumerable personalities, including Lord Gorell and Mr. Ramsay Mac- Donald, put forth by the nowa- papers ns Lord Irwin's successor.

Great surprise hea been occasioned by the hews, which, however, in no way mars a UD- animous chorus of approval at the appointment, which breaks the tradition that a provincial ex- Governor has never been appoint- ed Viceroy.

Viscount Willingdon has the merit of being removed from political controversy. as twenty years have elapsed since, as Mr. Freeman Thomas, he sat in the House of Commons as a Liboral, has Indeed, Lord Willingdon Alrendy received preferments from Conservative, Liberal, and Labour administrations.

The newspapers enumerate Vis- count Willingdan's, "exceptional qualifications" for the post, when the gruvest responsibilities facing the administrators of Inscli

aro

and

The Daily Telegraph says that India is receiving a truo understanding friend, No Viceroy ever went to India with n riper knowledge of the land.

The

Daily ExpresE anys that the appointment marks one of the rate occasions when it is possiblo to congratulate the Government without reservation.

The New-Chronicle congratu- Intea Lord Willingdon upon his public spirit in accepting a post that will impose a great physical and mental strain upon a man of his age; and hopes that when the time comes he will take to india a message of peace and goodwill in the solid terms of a new and generally acceptable constitution. The Times pays tributo to Lori Willingdon's charm, tact, and freedom from pedantry, and anys that he will certainly be wel- comed by hosts of old friends in every part of India.

ex-

Indian Rulera Plensed, There were characteristic pressions by Indian delegates to the Round Table Conference. The Maharajah of Nawanagar said,. "The appointment could not be bettered." Sir Abdul Quaryum Khan (North-west Frontier), thought the appointment "excel- lent. Sir Akbar Hydari aaid: "It will be most welcome in India."

Sir Chimanin! Setalvad (Liber- al), added that "Lord Willingdon has made friends everywhere:" Mr. Shivarao (Madras Labour Union) said "Lord Willingdon worked the Montague reforms a liberal spirit;" and Mr. H. P. Mody (President of the Millowners' Association) thought "the appointment AS good ita any."

in

In

re-

The Conference. the meantime, the Daily Herald takes stock of the Round Table Conference, on the eve of the Christmas Recess, and grets that progress has been less rapid than was hoped after the in- spiration of the first general de- bate. This it considers mainly due to the failure of Hindus and Moslems to reneh an agreement, да п essential forerunner to tackling the big central questions, The Herald says that for the auccess of the Conference India must prove herself a nation, and not a jumble of warring creeds. It hopes the recess will provide a fruitful time for thoughtful reflection among Hindus, Moslems and Sikhs.Reuter.

"THE YEOMEN OF THE GUARD."

PHILHARMONIC SOCIETY'S FINAL PERFORMANCE. The producer of the Philber- monic Society's "The Yeomon of the Guard" has every reason to ba proud of the success which at- tended each of the past week's presentations, particularly when a Barles of misfortunes threatened to mar the later performances, some of the players being over taken by lineas.

Mr. R. R. Davies oires much to the determination of these or- tistos, especially Mr. Dudley Bart- latt, who carried out his part not- withstanding the fact that he was takon il during. a performance. The appreciation of the producer for the services rendered by the players and also the audiences' sup port of the production was ex pressed by Mr. Davies at the fall of the curtain on Saturday night. The public also took advantage of the opportunity to show their appreciation when they literally snowed the players with bouquets and other presents.

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