TO-DAY'S WANTS.
25 WORDS
.$1.50
($2.00 Not Prepaid.). The folowing replies have been received:~~~
857.
TUITION
LESSONS in dressmaking and cutting French method, pupils gain experience by working on orders under oxpart supervision, Apply Mrs.
Volgin, Dressmaker, 70, Hankow Roads opposite Kowloon Hotel.
WANTED, KNOWN
1 you have difficulty in getting a perfect at come to Mr. Volgin. skoven
• spociality. Saloon, 70, Hankar Road, opponito Kowloon ilotol
of
AUTUMN EXHIBITION OF PIC TURES by the foremost Artista Japan at Messrs. KOMOR & KOMOR open Wednesday the 4th November, at their Art Rooms for ten days only.
SITUATIONS
Employment_wanted for thoroughly reliable chauffeur, Sound mechanical experience. Particulars and referintés from Telegraph,"
Box No. H06. "Hongkong
WANTED-No. F Chinere Piter with high school education, who reads and writes English. Age about 10 and with previous experience on Eure- man machine shop. Apply In own handwriting stating salary desired
and giving references. Write G.P.0. Box No. 84.
WANTED.-Young Male Chipere steno-typlat for Export-Import Office. Apply in owa hanwriting to Box No. 969, "Hongkong Telegraph."
LOST
THREE ROOKS la lenther carrier, believed left in shop, Finder please return c/o Ilex No. 865, Hongkong Telegraph."
ZA
MISCELLANEOUS
CHIROPODIST (Corn remover). Fully qualified. 10 years experience is Esrope. Appointments made at the Tester Beauty Parlour, Kayamal
(Ground ly Building, Tal. 22103. MOOT).
FOR SALE
BUICK SEDAN 1928 model in ex- cellent condition. Full particulars from Box No. 839,. “Hongkong Tele- Kraph."
FOR SALE—1927 BABY AUSTIN, in good order recently overhauled. New battery, hood, magneto and sent cavern Price $700. Owner Army officer. Leaving Colony, Write Box No.887, "Hongkong Telegraph.”
FOR SALE---Motor lighter capacity 30 tons, length 69' 6", beam 15' 6", depth 6′ 8′′. draft loaded 2′ 57. China pine holl, 26 hp. Kelvin engine, spord i knots. Write G.F.O. Box No. 86.
WHIPPET Six cylinder, Ave pasca- ΚΟΣ touring car---1923 model-in thoroughly good order 31,500," can be ween at any time. Please write Box No. 869, "Hongkong Telegraph."
TO
}
TO LET
LET-European flats, Prince Fxdward Road, Kowloon, with modern sanitation electric light, 1st floors No. 2 and 3, 2nd floor No. 3. Apply to E. Hing & Co. 20, Wing Wo Street, Hongkong. Telephone No. 20046.
TO LEP-Two lots, Laichikok Bay. Aren 500,000 and 180,000 square feet. Water frontage on both lots. Write GIO. Box No. 80,
THE HONGKONG TELEGRAPH, WEDNESDAY, NOVEMBER 4, 1931.
THE CHINA AGRICULTURAL DEVELOPMENT
COMPANY, LIMITED.
PROSPECTUS. ·
The subscription list will be opened on the 2nd day of November, 1981, and close on or before the 23rd day of November, 1031.
THE CHINA AGRICULTURAL DEVELOPMENT COMPANY, LIMITED.
CAPITAL $200,000 HONGKONG CURRENCY DIVIDED
INTO 20,000 SHARES OF $10 EACH.
1031
kong.
The shares will be fully paid. The shares will be paid for
$5 per share on application on or before the 23rd day of November,
$5 per share on allotment on or before the 19th day of December, 1931.
(A Copy of the prospectus has been filed with the registrar of Companies, Hongkong). (Subscriptions for shares was opened on the 1st day of June, 1931, and will close not later than the 31st day of December, 1931),
PROSPECTUS
of
FAR EAST BREWERY, DISTILLERS AND DAIRY FARM, LIMITED.
(Incorporated under the Companies Ordinances of Hongkonį).
CAPITAL $1,0 ̊0,000 Divided into (1010,000 Ordinary Shares of Hong Kong $10.00 Each). (10,000 ORDINÁ (Y SHARES OF HONG KONG $10.00 EACH ($:00,000.00 OF THIS ISSUE
HAS ALREADY BLEN UNDERWRITTEN).
Issue at par of One Hundred Thousand (100,000) Ordinary It must also be borne in mind that the cost of production of the Shares, payable as follows, namely, on application $5.00 and the balance Company's products in Canton will be much cheaper than the production of $5.00 when called upon to do so. The first issue to be Fifty costs elsewhere owing to the cheapness of labour and the absence of Thousand (50,009) Including the Promoters' Shares.
Taxation.
The Directors will be as follows:--
The minimum subscription upon which the Directors may proceed LAWRENCE PETER DOWDALL of No, 8 Des Voeux Road Contrai, Hong- to allotment is the Application of, or Underwriting Agreement for Ten
Thousand (10,000) Shares.
CYRIL CHAMPKIN of No. 10 Ice Houso Street, Hongkong. WALLACE 2011N HANSON of John Hanners & Co. Ltd., No. 7.Queen's Road Central, Hongkong.
One Director to be nominated by Mesars. Ellis & Edgar of No. 1 Queen's Road Central, Hongkong (the Underwriters)
The Bankers will bene
The Mercantile Bank of India Limited,
The Auditors will be:-
Mesars Lowe, Bingham & Matthews, Chartered Accountants, No. 3 Queen's Road Central, Hongkong.
The Solicitore will be:-
Mesara, WILKINSON & grust, No. 2 Quern's Rond Central, Hongkong, Bolicitors & Notaries.
The Managing Director will be:-
kong.
LAWRENCE PETEX nowdall of No. 8. Des Voeux Road Central, Bong-
PROSPECTUS.
The firm of the CHINA AGRICULTURAL DEVELOPMENT SYNDICATE (monte- times called the China Guano Company) was started in November 19:10 and It is this firm that the Company in being formed to carry on with a larger capital.
The business is the ninnufacturo in Hongkong of Fertilizern and the sale of Fertilizers in Hongkong, China and elsewhere and such other business As the Directors may from time to time decide,
The Directors confidently hope that after the first year of business the Company's Fertilizers will be firmly established in the market and that the Company will then make at least 20% per annum net on the paid up capital with greater profits as the business increnses.
The business will be taken over by the Company na, a golog concern as from the 17th day of August 1931, the date of the last stock taking and the Company will have the benefits of all profits realized from that date and, as will be seen from the following necount, the benefit of the value of the stock which is by far the most valuable asset which the Company is taking over at a very conservative price.
The property to be transferred to the Company will comprise the fols lawing items, constituting the whole capital of the business at the above- mentioned date.
1.
دم
2
+
Goodwill, including Canton Government pormit to im- port (Huchow), Established Agencies in Canton, Swalow, Amuy, etc. and bueless connexions In Hongkong; Advertising and propaganda work done, Stock of Gunno Phosphate 1,650 tons as per sworn Menaurer's Certificate and Government. Analysts Certificates of analysis, © $29.11 per ton (Current wholesale value of similar guanos and phosphates $85 per ton)
3. Stock of Superphosphate and mixed fertilizers, ..........
Cash in Bank, ........
4.
5. Expenses and advertising material paid in advance, 6. Tools and equipment in godown and furniture in office
Sundry Debtors,
7.
Lese Sundry Creditors,
Actual purchase price $67,200.00
Names
1. Harry Goldenberg.
Esq.
DIRECTORS.
Occupation Merchant
Address
Shameen, Canton.
2. Wu Chung Tong.
Esq.
Chairmün Chamber of Commerce Banker
64, Sap Sam Honjt
3. Chau Sing Cho
Esq.
4. Gen. Kan Chock
Ching.
5. Liang Cho Wu,
Енд.
6. Lo Nin, Esq.
Commissioner of Consolidated Tax
Canton.
Conton P
Bureau
Merchant
Canton.
Chaton,
Commissioner of Rallways, Purchasing
Commission
Canton.
Social Affairs
8. Chan Kai Fal. Esq.
Canton, Canton.
4. Ulmann & Co. Hongkong.
7. Dr. Wu Paking Commissioner of
9. Lean Walch, Ean.
Gentry
Manager
3. Ullmann & Co. •
Bankers
The Bank of China, 4, Queen's Road, Central, Hong Kong.
Solicitors
A. E. Hall & Company.
36, Queen's Road, Central, Hong Kong.
G. Edward Lyon, Esq., Room 602, Talping Maloo, South Canton.
Auditors
Climatic Conditions.
The climatic conditions at Canton are suitable to the manufacture of the Company's products. Full onquiries have been made in this regard One of the most successful Breweries in the Far East is altunted at Manila where the climatic conditione are much more severe than those at Canton.
Water.
The Promoters have given this question every consideration and can assure intending Shareholders that both the quantity and quality of water fe available.
Land.
Suitable land is available and immediate steps are being taken to secure an option over the Site selected. This Site han abundance of water at its frontage and also by "boring" on same.
Machinery.
Negotiations have already been entered into for the purchase of a most up-to-date Plant at a very reasonable price and on the most favourable terms.
Management.
The service of a Competent Brew-Master is available together with expert management in each branch of the Company's activities.
Materials.
No difficulty will be experienced in the purchase of the materials required by the Company. It is, even possible, to grow the required materials in China. This matter is now engaging the attention of the Directors.
Anticipated Profits.
On an output of 100 Hogabeuds of Beer and 70 tons of ico per week together with the sales of Dairy Produce it is estimated that the profits, after the first year of activity by the Company, will allow for the payment of a dividend of at least 25 per cent. on the Capital.
Capital Requirements.
The Estimated Capital requirements including Land, Building. Plant Machinery. Formation and Works Capital together with $600,000.00
Messrs. Thomson & Company (Chartered Accountants), York Promoters Shares is $10,000.00 Building, Hong Kong.
$48,036.60
533.32
$ 6,724.90
435.90 310.82
$ 1,833.50
$48,005.09 805.03
$67,200.00
Agency Agreements exist and are in force with reliable people in all the centres mentioned above and in every cane where goods are supplied on credit suitable Bank or other guarantees are held for payment when due. An Agoney for the New Territories and part of the adjoining part of Kwangtung Province has just been given to a very reliable man in Tripo Market. The Fortilizers are well known in Hongkong and appreciable quantities are taken by the leading Golf and other sporting clubs.
The stock of Guane Phosphate is valued on the basis of the content of Phosphoric Acid [1205) supported by Centicates of Analyses by the Hongkong Government Analyst and in comparison with recent quotations from several other sources of supply of phosphates of approximately the
same chemical content.
As regards the working capital it la considered that the amount to bo raised out of the proceeds of the share now offered for subscription, $47,800.00 plus the umount represented by the stock, cash in Bank ele, (sego above) will amply suffiée for the Company's wants,
Messrs. Lowe, Bingham'& Matthews, Chartered Accountants, have re- cently made a special investigation, and have given a certifiento that they are satisfied that the retail selling price of the stock of Gunno Phosphate is considerably higher than the price at which the Company is buying, $20.11 (see above) Copies of this Certificate may be seen at the Offices of the Vendors, of the Auditors and of the Solicitors.
It is proposed to continue the business without break or interruption, retaining the services of the present Managing Partner, Mr. L. Dowdall, the Agronomist, Mr. J. Watson and the staff who have largely contributed to the suceoma of the business..
The Managing Partner of the frin, Mr. L. Dowdall, will act as Managing Director of the Company, it is hoped for a long period, and while so neting will retain an interest of at least 500 shares (35,000) in the capital of the Company
The t
TO LET New European FLATS with and 6 rooms in Kowloon, near. Star Ferry with all modern con- veniences including Ryab, hot and cold The other Directors will retain at leget 100 shares ($1,000) each water and frigidaire. Apply Sang while they new Honghong Bank Building. Tel. by the vendors, who are the promoters of the Company, at 167,200.00 of purchase price of the sales of the above property has been fixed which only $10,000.00 is for the good will The purchase price will be I paid To shares of the Company in the following proportions:
LP. Dowdall, Esq. 1442 shares of $10 each, $14,420.00
8. Queen's Rond Central, Hong Kong W. J. Hansen, Esq........... 480 shares of $10 each, 4,800,DD
C/o John Manners & Co., Hong Kong. C. Champkin, Eng.........
Trong Kung Cảnh Hong Kong Chna Ngan Ting, Esq........ 120 shares of $10 each,
APARTMENTS
AIRLIE HOTEL-23-25, Nathan Road, Kowloom. Under European Management. Excellent
Cuisine, Modern Apartments. Torme Moderate, Three minuten from ferry. Tel. 57867.
·CREDIT FONCIER D'EXTREME ORIENT.
Mortgage Bank & Estate Agents,
"PEAK MANSIONS”.
Prince Edward Road, Kowloon Detached and Semi-detached villas Modern construction
..with garage.
"Cambay Buildings.”-
Plate with modern conveniences.
POST OFFICE AND OTHER NOTICES ON PAGE 11
9 shares of $10 each,
6, On Hing Terrata, Hong Kong.
11. S. Hills, Eaq...
120 shures of $10 each.
Hong Kong Club, Hong K ng..
Captain F. S. Welr,...
60 shares of $10 onch, Royal Army Ordnance Cors. Shanghai. Chau Yue Teng, Esq. 240'shares of $10 each,
•Chino_Building, Hong Kong,
240 shares of $10 each, 280, Dos Voeux Road, Con ral, Hong Kong. Dr. 5. S. Strahan,
1200 shares, of $10 each,
Sum Pak Ming, Esq.
Alexandra Bullding, Hong Kong.
A. Rollin, Esq.
*** 120 shares of $10 each.
7, Peak Road, Bong Kong -
Felix M. Ellis, Esq.
600 shares of $10 each,
0. Queen's Road, Contral, Hong Kong.
IL L Dennys, Esq.
60 shares of $10 each,
8. Des Voeux ́Rond, Central, Hong Kong.
J. Watson, Esq....
22. 360 shares of $10 each,
8. Queen's Road, Hong Kong.
Li Tze Fong, Esq.
... 120 shares of $10 each,
B. Seymour Road, Hong Kong,
L S. Greenhill, Esq. 120 shares of $10 ench,
Secretary
(To be appointed.)
Promoters.
For Plans supplied and investigations made, the Promoters will receive 5,000 fully paid up shares on the date of the incorporation of
Joss Ligain, Eng, Acting Secretary, Taiping Building, Hong Kong. the Company, (No cash consideration); The necessary investigations
Registered Office Taiping Building, 16, Queen's Road, Central, Hong Kong:
Branch Office Shameen, Canton.
PROSPECTUS.
OBJECTS: The Company is being formed to carry on the business of Brewers, Malsters, Wine and Spirits Merchants, Cordial, Ico Manufacturers, Dairy Farmers and any other business as indicated In the Memorandum of Association, a copy of which forms part of this Prospectus,
Prospectus of Company:-
Owing to the fact that there is not, and thers has not and has neverį been a Brewery in Canton combined also with the fact that the con- sumption of beer in.China is rapidly increasing, the prospects of the Company must be considered as very attractive. In addition to the manufacture of Beer the Company will also carry on the following business:-
1. Manufacture and sale of Ice.
2. Manufacture and sale of Cordial and Aerated Waters. 3. Dairy Farming.
were made and all information obtained not only in the matter of the manufacture of the Company's products but also in the matter of marketing of such products in which case it was found to be of a great value to the Company and will save enormous initial expenses when the Company begins to function. This matter applies both to the Brewery and the Dairy Farm.
Directors Interests in the Promotion No Director has any interest in the promotion of the Company other than those mentioned in the next preceding paragraph of the Prospectus.
Agreements Entered Into.
The following Agreements have been entered into:-
1. An Agreement dated the 30th day of May, 1981. BETWEEN the TRUSTEE for the Company on the one part and the several Peranne who are named as PROMOTERS on the other part.
2. An Underwriting Agreement dated the 1st day of October, 1931, BETWEEN OTHER PARTIES and the Far Fast Brewery, Distillers and Dairy Farm; Limited. Application for shares should be made upon the form accompanying remittanco H.K.$5.00 per share, the amount of the deposit. the Prospectus and sent to the Company's Bankers together with u
Where no allotment is made the deposit will be returned, in full
In respect of (1). Ice can be produced by a Brewery at a much lesser price than a Company, dealing with the manufacture of ice only, owing to the fact that a Brewery must have a Refrigerating Plant for its own requirements and with a small extra outlay can manufacture and where the number of shares alloted is less than the number this commodity. On an output of ten (10) tons of ice per day, after subscribed a proportionate amount of the deposit will be returned. allowing for twenty (20%) per cent, as wastage, it is anticipated that Prospectus and Contracts referred to can be inspected at, and at least thirty (30%) per cents per annum will be the profit from Application forms can be obtained from, the Company's Bankers, and thia branch of the business.
ut the Office of the Company at Room 5, 4th Floor, Taiping Building, In respect of number (2). In the course of the manufacture of 16, Queen's Road Central, Hong Kong, and at the Branch Office bear there is a collection of CO 2 GAS which is necessary in the Shameen, Canton.
Browery department produces that item at no cost It can be readily appreciated that this branch of the business will be profitable,"
manufacture of Cordials or Aerated Waters and therefore as the
In respect of number (3). It is the intention of the Company to catablish a most-up-to-date system of Dairy Farming, The Dairy cattle to be used will be from the recognised puro bred. Every precau- tion will be taken to ensure that all milk'and meat to be sold by the Company will be of the highest standard and to be handled under a 9,580.00 most hygienic and up-to-date system. The services of a qualified Veterinarian and Agriculturist aro available to the Company and his 1,200.00 | duties will be not only to make regular Inspections of the cattle, but $1,200.00 cultivated under the most hygienic systems. In this connection it also to see to it that all the vegetables grown by the Company will be
630.30 must be noted that from the Brewery there is another "Bye Product” which can be utilized by the Dairy Farm Branch without cost and 2,400.00❘ that is the residue of each brew of beer consisting of the malt; hops, etc., that remain after the beer or stout has been "taken off". 2,100.00 This residue can be used either as feed for stock or fortilizer. 12,000.00
requirements of the Company Ordinance 1911.
The following further information is given in accordance with, the
(s) A Copy of the Memorandum of Association Is printed in the
folds hereof.
•
(b) Directors Qualification and Remuneration:--The-Articles
of Association provide that the qualification of a Director in. to be the holding of Two Hundred and Fifty Shares. The Remuneration of Directors will be not less than one Thousand. ($1,000.00) Dollars, per annum.
(c) Underwriting and Brokerage at a rate not exceeding 75%
per cent, will be paid on all shares underwritten,
(d) The Company will pay the preliminary expenses of and
incidental to the formation and floating of the Company up- to the time when it becomes entitled to comments business. (e) The preliminary expenses are estimated not to exosed Ten
Thousand ($10,000) Dollars.
The business will be taken over subject to all existing trade contravis.] fixed by the Company in General Mosting. 1,200.00❘ These are of the ordinary trade character.
Copies of the Mamorandum and Articles of Association of the Company ↑ The minimum subscription on which the Directors may proceed to can be inspected at the since of the Solicitors of the Company or at the 6,200.00 allotment is 11,500 shares, (1115,000.00) including the shares already applied offices of the underwriters at any time during business hours.
for by the Syndicate, ($87,200.00 as above.) 600,00
3,600.00
1,200.00
A copy of the Company's Memorandum of Association is pofabed at The shares now offered for subscription have been underwritten by the foot of the Prospectus and forms a part of it. Mesare. Ellia & Edgar of No. 9 Queen's Road Central, Hong Kong, for a Application for shares should be made upon the forts accompanying commission at the rate of 6% on the amount thereof and such commission the Prospectus and sent to the Company's Bankers, The Marcantile Bank Is payable by the Company.
of India Limited together with a remilitance of the amount' of the 'deposit. The Company is to pay the preliminary expenses of and incident-to When to allotment le made the deposit will be returned in full and the formation and floating of the Company including the underwriting where the number of shams allotted is less than the number applied for 1,200.00 | conimisston mentioned above. Tao estimated amount of the preliminary the balance of the deposit will be applied towards the remaining payments.
expenses In $4,000.00.
Failure to pay future instalments on shares nilotted when due will 1,600.00
The contract for the sale of the business is dated the 21st day of rendor_previous paymonta liable to forfeitura, Soptember, 1931 and made between the China Agricultural Development Prospectus and forms of application can be obtained at the offices Syndicate of the one part and the Company of the othér,past, :: The contract | of the Company, of the Company's Solicitors or of the Underwriters. includes the items stated above.
This prospectus has bosa duly filed with the Roglatrar, of Joint Stöck The Articles of Association provide that the qualification of a Director Companies.. 6720 shares of $10 each, 307,200.001.to be the holding of 100 ordinary shares in the Company, ($1.000.00);|--
Queen's Building, Hong Kong
860 shares of $10 anch,
T. E. Pearce, Esq. .....
King's Building, Hong Kong. MBJ. H. B. I Dowbingin, B.E. 120 shares of $10 each,
Hong Kong Club Hong Kong.
1,200.00
The remuneration of the Directors and of the Managing Director la to be Dated this 2nd day of November, 1981..
No comments yet.
Private notes are available after approval.