1935-11-23 — Page 11

A

W

REOPENING PLÁN

NATION COMMERCIAL AND SAVINGS BANK

An advertisement appearing in yesterday's issue of the S. C. M. Post gave notice thas the Supreme Court of Hongkong has directed separate meetings of the unsecured creditors and the members of the National Commercial

Bonk, and Savings Limited, to be convened on Monday,

December 10, 1935,

The meetings will be held for the purpose of considering and, thought it, approving, with or with- out modification, a scheme of ar rangement proposed to be made be tween the creditors and members and

the Bank.

OBITUARY

"CAMBRIDGĖ SEVEN” ATHLETE AND MISSIONARY

London, Nov. 22.

THE HONGKONG

EXPANDING HOLDINGS

CANADIAN COMPANY

DEVELOPMENTS

The death is announced of the Rev. A. T. Polhill, of the famous The Ilangkong office of the Con Cambridge. "Soven Athletes Mis-federation Life Association has slonaries."---Iceuter.

been lyformed that the company has taken over the Capital Life Assurance Company of Ottawa, under an agreement by which it re- insures all policies of the latter

A notable figure in the China Mission world is removed by the death of Arthur Twistleton Pothill at the age of about 76.

at

company.

TELEGRAPH. SATURDAY, NOVEMBER 29, 1935.

LONDON STOCK

EXCHANGE

LATEST SHARE

QUOTATIONS

RADIO BROADCAST

The following quotations on the WEEK-END BROADCAST London Stock Exchange have been received by Mesars. Swan, Culbertson and Fritz in conjunction with Router.

Nov. 21. Nov. 22, British Government Securities War Loan 34%

redm. after 1052 105 10

Chinese, Bonds,

44 Bonda 1598

(Eng. Iss.) 45% Loan 1908

Son of the late Captain Frederic T. Charles Polhill-Turner of the

Policy-holders in Capital Life thus greatly enhance their position Carbineers, he was educated Elon, where in 1879 and 1880 he as far as security and dividend YAE In the famous Etonian pogalbilities are concerned, and The meeting of the creditors will Wall zume Senior Keeper of the shareholders avoid the possibility be held at 11.30 a.m. and the meet-Field and Mixed wall, and also of calls upon their holdings. Be-5 ing of members at 2.30 pm. on the winner, of the School hurdles, in aides re-insuring all policies, Con-6 same day, or so soon thereaftor as: 1880.

federation Life assumes all nssela the meeting of creditors is, concluded.

After taking his degree from and liabilities, thus adding about Drafte of the scheme of arrange Trinity Hall Cambridge he studied £400,000 to its own assets, totalling ment have been printed, and can be scen, and ferma of proxy obtained, at Ridley Hall Theological College, over £20,000,000. Its business in at the office of the Hquidators at No. and was ordained Deacon in 1888 force will be increased by

about £2.250,000 and will bring the total BA Des Voeux Rond Central, or at and priest two years later. Mesars, Lo and Lo, Alexandra Build-

up to about £100,000,000. ing, their solleitors,

The Court has appointed the Rev. Cheung Chuk-ling or failing him Mr. Mann K. Wong to ast as Chairman of the meetings, and has directed such Chulrmon to report the result of the meetings to the Court.

The scheme will be subject to the subsequent approval of the Court.

Polhill and one of his brothers joined the Cambridge Seven missionaries to China, under the China Inland Mission, which now has 1,200 workers in China.

Loan 1912. £ 731

Reorg. Loan

1913 (Lin, Iss.) £ 901⁄4

4

Relay from Daventry Of Rugger. Match-

From ZBW on a wavelengths of -355 metres (845 kilocycles);

4-7 p.m. Chinese Programme.

7-7.20 p.m. Excerpts from "The Gondollers" Hung, by the D'Oyly

POWER SAFETY.

CHEVRO

£101 £100% £17

£ 17

7414

| Carto Opera Company,

7.20-7.30 p.m. "A Humorous Fan-

L

£ 91

38-7.45 p.m. A Recital by Winnie Melville (Soprano),

E

Gold Bonds Shai-Nanking 1925-47RA

T

£ 044

Rly.

556

Riy 5% Tient.-Pukow Railway (Supl. Luan)

Tient.-Pukow

£ 74

1 32

£ 95

£ 72

£ 33

£23

£ 30 £ 28

1911

***

Provisions of Scheme The scheme of arrangement pro vides that in addition to the present issuext

capital of the Company, which is $2,674,100 divided Into 257,419 After he retirement Mr. Polhill HARKNESS ORCHESTRA, S'hai H. Ordinary shares, the balance of the still maintained contact with unissued authorised capital of the mission work in China and was un Company (which in $5,000,000 divided into 600,000 Ordinary

shares of $10.active and valued supporter on the

Home front.

ench) amounting to $2,425,900, issued and that much new issue be divided into (1) 60,000 "A" Prefer- ence shares of $10 each and (2) 182,- 599 "B" Preference shares of $16 rach.

"A" Preference shares shall confer Axed on the holder the right to cumulative proferential dividend

being

£ 187 Banks

L

£ 834

£ 9%

-£101

2134

It was in September, 1928, that Confederation took

over the

6 Ilonan Rly.. 28 Security Life Insurance Company, er Hukeang Rly. which had assets of about £200,000

£125 No less than 43 years of his life and business in force of approxi-5% Lung Tsing U. were given to work in China. injmately £2.000.000. In 1930 it took Hai Rly. 191. £ 18

the Commercial Travellers the province of Szechuen, and over

Foreign Bonds and Polhill took a leading part in the Mutual Insurance Company, with founding of the students' hostel in £125,000 of business, an that it is German 7 Int,

Loan 1024.... £ A Chengtu, which was started and one of the most rapidly expanding

Old Elonian of the big Canadian companies: Japan 5% Sterling supported by the

Lonn 1907

€ 823 Chinu Association. of which he

Japan 6 Sterling was a leading member.

Lonn 1994 £ 06

(Lan. Regd.)... £10 Chartd. Bk of 1.A.

& C.

.... 13

Commercial and Indsptein!

Allied Iron Foumi-

Associated & Elec.

Industries Austin Motors ord

ph. Boots Pure Drug British American Toburen (beurer) Canadian Celaney Chinese Eng., and Min. (Bearer)

FEATURE ATTRACTION FOR THE HONGKONG HOTEL

Edile Harkness And his fanious orchestra of San Francisco, Cali has been formin, now on tour in the Orient, An extra hus rervice arranged for the convenience of the have been engaged to play a special patrons attending dinner danees at engagement at the Hongkong Hotel Repulse Bay Hotel on Wednesdays on Friday evening, November 29, the Harkness has played iong successful and Saturdays, in addition to ordinary time table, as follows: B.K. Jengagements at the principal hotels Hotel, A p.m., 8.30 p.m., 9 pm, R.ff. in California annely--St. Francis, Mark Hopkins, Palace and Sir Francis Drake Hotels in San Francisco, and Olympic Hotel in Scuttle

J'lu or- their claims as against the Company K.F.R.C. (Columbia network)

chestra's Cheatr

Radio

and and the assets thereof.

The scheme also provkles that all Na

National Brumleasting Co. network. try. Ingether with their Victor records, them among the most Ordinance, Companies

1932. or popular ore otherwise, are entitled to be paid in broadensting of this fine orchestra in prenent a reti pred 4 full in priority to other debts shali Tokyo, Hongkang and Shanghai has be paid in full by the liquidators out won the admiration of radio audiences of the assets of the Company within throughout the Orient 14 days after the scheme beenmes hinding

the rate of four per cent, per ang Hotel, 1 m., 1.15 a.m., 1.30.1. on the capital für the ting paid up thereon respectively, davi certain other rights.

"B" Preference shares shit enter on the holder. Lo a axed emulative dividend at the rate of four per cent.

creditors of the Company,

oppeorances

per annunt on the capital for the times who by virtue of Section 261 of the have orchestras in the U.S. The

being paid up thereon respectively. and the right, in a winding up, to

Preference shares in priority to the Ordinary shares.

The 60,000 "A" Preference shares shall be dealt with as follows:

(a)

51,482 shares thereof shall be offered in the first instance at jnr to the present members of the Coro pany and holders of the Ordinary shares in proportion, as nearly as possible of one share to every live ordinary shares held by them pectively, and upon the footing that full amount of each share taken up shall be paid to the Company on ne septance of the offer and that such thu

Tek-

be made by notice specifying number of shares to which the entitled and limiting the member tinic within which the offer if not ac- cepted by payment will be deemed to be declined and that the Directors be empowered to disuse of the shares

in not taken

response to such offer the as they consider expedient in interests of the Company,

Election of Directors

scheme becomes binding, a meeting Within four weeks after the

Company shall be convened for the of the members of all classes of the purpose of electing directors of the Company in accordance with the provisions of the Arikelen of Associa- tion of the Company.

Clause 11 of the scheme states

the that

qualification of uvery director shall be either the holding of 100 "A" Preference shores in

CTM

Courtaulds Distillers Dunlop Rubber Elec, and Musical

Industries General Electric (England)...

Hawker Aircraft Impl. Clent. Ind..

O.K. Bazaar..... of Harkness and his orchestra

This will be the only appearance Impl. Tobacco

in Rolls Royce..... Hongkong, as their tour is complet. S'hai blée. Constr., ed and they are on their way home Tate & Lyle ........ to San Francisen. On Friday even-Turner & Newall emedy numbers, which were such n ing they will offer, several of their United Steel

in Manila last week, in conjunction success at the Metropolitan Theatre with the latest American dance music,

THE STREET SLEEPERS

FURTHER DONATIONS

RECEIVED

nud addition to the qualification shares as provided by Article 127-of-the- The Street Scepers Shelter Society Articles of Association of the Cent acknowledge with grateful thanks the

or the holding of 500 Pre- following donations: any, ference shares whether "A" or

BAHO of the Company.

Another cinuse provides that un-

(b) That the remaining 8,518 shares thereof offered to the Puble 10,000 at least of the "A" Pre for subscription at par th full amount thereof is payable on applier

tion.

Unsecured Creditors

The unsecured creditors of the Company shall be dealt with as follows: (a)

with

the same

Vickers ord: Watney, Combe & Reid, thef. ord. Woolworths

Anglo-Dutch Gula

Rubber Pekin Symul..... Rubber Plantation

Invest Trat

Burn Corpn....

1. Arcady is over Young ("The The 2. Arcaillane") (Monckton); Pipes of Pan ("The Arendians") (Moncktor) 3. Sleep On ("Helen") (Offenbach); 4 My Man (Adams), 7.15-7.55 p.m. Organ Solos by Charles O'Connell.

Meditation (Morrison)-The Rosary (Nevin) God be with you till we meet again (Tomer); Adsent (Met- calf)-Sweet and Low

every hour 7.55-8 p.m. Six It

Need he

thee

(Barnby)-1

Iteport.

8 pm. Time and Weather 8.03-8.22 p.m.

"Melodies of the Month" played by Len Green (Piano).

8.22-9 p.m. Variety Items,

Mandolino Solo-8

-Solvenir de Stelle Maria B. Selvittur: Song-Blue Moon Connie Boswell; Vocal-Jump on the Wagon The Hill Billies: In- strumental-Waltz Medley Harry Roy's Tiger Ragamuffins; Ħumorous The Sunshine Cruise Cicely Court-

SongWhen the neidge;

Gipsy ("Glamorous Night") Mary Ellis (Soprano); Instrumental Makala Pun Sel Hoopli and ปร

Novelly Quartet; Vocal-Fare thee Well Annabelle The Boswell Sisters; Song-Alice Blue Gown Jessien

Orchestra- Dragonette (Soprano).

Tunes of Not-so-Long ago, 1923-24.

9-9.15 p.m. laventry News Bulle- tin.

9.15-9.30 p.m. Concert Waltzes.

Thousand and One Nights. (Strauss); Roses (Strauss);

0779

36/4

3976

30/0

11/8

417-

11/14

40-

11276

112/01

A

03/01

11/2

11/0

56/0 66/3

907.

90/..

30/6

BOR

28/9

287-

#0/7!% 71/6 30/3 30/3 27/71% 379 43/6 4376 14870 149/41% 155/74% 155/-

1776 17/6

8779 87/6

82/49

6176 · 61/9

32/3

I8/-

187-

74/0 11576

74/0

115/0

Miscellaneous

Galumpong

1/3

2474% 24/0

23/- 90/6 1/0

2973

20/3.

Minen

12/0

12/7/

11/6

11/6

10

10

Extutes Spaarwater

56/3

60/3

Op.

Lions

H/A

8/1

Springs Mines

46/71%

Sub-Nigel

22751-

Ithakarin Corpn.

106/3

46/719 .276/- 107/6

Oils

421.74

ments

Anglo-Iranian $543.74 Burmah

Shell Trans and

Trad. (Bearer) 81/10

16/3 15/- Chosen Corpn.

Invest-

3076 3070

68/9 6776 8276

8276

81/3

$60

,

Commonwealth

Mining Randfontein

25 A Friend from New Zealand Miss N. W. Bascombe Mr. & Mrs. J. D. Farkinson ference, shares shall be subscribed Collection from staff match St. and paid for within eight weeks Stephen's Girls' College. after this scheme becomes binding, Anonymous..... the liquidators may, with the sane Mrs. B. Fant

Court, declare that this Anonymous Lion the scheme has fallen through, and in Green and Yellow case any such declaration as afore Previously acknowledged said is minde, the voluntary winding up of the Company That in respect of 50 of liquidators and the same the amount due to each of the un

of the Company of Inspection, shall proceed in due secured creditors

Course.

Marsman all the there shall be insued to such creditors of this schente shall be at an end.

other "B" Preference thures equal to The liquidators mny assent to any amount thereof erexited as fully paid modification in this schente er end. up but

but no Ruchi

Preference Lion which the Court may think fit shares shall be issued for a sum re-

to approve or impose. presenting a fraction of $10 and in respect of the debt due by the Com pany to an unsecured creditor not exceeding the sum of $100

кис

the

ereditor can either ask for payment

in ensh or in "B" Preference shares.

(6)

Committee

Gifts of gunny bugs or old blankets provisions will be very welcome. Donations may he Kent to the Editor of the S. C. M. Post, to Mr. Andrew Cheung, Norfolk R., Kowloon Tong, or to Miss R. Mow Fung c/o Gilman & Co., Ltd.

DAY BY DAY NEWS IN BRIEF

NOTHING PROBAHLY IS MORE One case of Diphtheria was report- That in respect of the 504 | DANGEROUS FOR THE HUMAN RACE ed to the Inel Health authorities on being balance of the amount due to THAN SCIENCE WITHOUT

POETRY, Thursday. each of the unsecured creditors

the

of CIVILISATION WITHOUT CULTURE.

Company as aforesaid the name Stewart Chamberlain. shall be paid in cash by 10 Instal

ans

An examination for pilots' licences will be held at the Harbour Office at 10 n.nt, on Tuesday, December, B.

The annual dinner and dance hold

U.S. COMMODITY PRICES

LATEST CABLED.

QUOTATIONS

The following quotations,un

the New York commodity exchange are issued by Reuter.

•

Nov. 21. Nov. 22. 12.02 11,86/87 11.00 11.77/77 11.80 11.01/65 11.03 11.52/52 11,51 11.444/44

11.11711 12.30

ments of 10% ench; that the Arst in. atalment shall be paid at the ex His Excellency the Ofeer Adminis piration of not inter than six months tering the Government has appointed from the date when the Company Dr. J. Valentine, to act us Deputy jointly by the Hongkong University shall be legally entitled to recom- Director of Medical and Sanitary Ser: Graduates Association and theDecember ence butalene and that each and vices, during the absence on leave of University Club takes place, to-night January every subsequent instalment shall be Dr. W. B. A. Moore,

at the Hongkong Hotel.

March prid at the expiration of six months

Mny from the gate of the payment of the

It is notified that antisfactory proof A bankruptcy notification states thut-† July previous instalment.

of the appointment of Monsieur Leona first and anal dividend of $0.80 per October That

Procureur General in cont, has been declared in the case of Spot Vircondeiot In the event of the Company not being in a position to Hongkong of the Society or the E. A. Beaumont, formerly earrying

Missions Etrangeres, in the place and on business as Beaumont pay any instalment at the end of

and Co., Bix months the payment of such slend of Monsieur Alphonse Marie

Prince's Building

December instalment shall be postponed for a Baittenu, has been placed in the hands

January period not exceeding six monthe of His Excellency the Officer Adminis.

This evening at 0 pan. in the Grent | March (d) That in .respect of the tering the Government.

Hall of the University, the Chinese | May amount due to the unsecured

Choral Society are giving one of their | July creditors as aforesaid the same shril The following now jégulation has concerts. Madrigals, part songs and not carry interent as against the been made under the Merchant Ship folk songs will be sung, under Mr. J. Company.

ping OrdinanceThe portions of the Anderson Miller's leadership. Mr.

Anderson Miller, Mr. Li Chor-chi and December "unsecured seawall for a distance of 50 feet mon- () That the creditors" in this Clause shall be sured each side from the Stumshaipo Dr. L. T. Ride will sing, and Mrs. M. May

Ferry Pier shall he kept clear of ves H. Arnold will play cello goles. There July... soln. No vessel shall be brought will also be a brief item of Chinese Thursday's sales: 31,041,000 Bushels. alongside or lie off any of the said music, and an interesting concert is portions of the seawall, nor shall any assured. Tickets may be obtained at vessel, other than the ferry vessels the door.

term

deemed to include all the creditors

admit

11.21 12.45 New York Rubber

12.00

13.05.

13.03/09 13.13/13

13.231

13.31/81

13.47 13.58

13.48/40

13,50/50

Total sales-150 lots,

Chicago Whent

904 ຄ! $1874

08% D8%

91% 91% 01

Chicago Corn

December May

50% July ··

6011 Thursday's sales: 5,602,000 bushels

Winnipeg Wheat

86%

00%- 01. 004 014 01%.

012

60% 60 60% 01

69%

DUS

60%

N7

December

New York Sık ...

March

May

(other than secured creditors), whose claims have been admitted by the Liquidators in the winding up of the Company and all these claims whose claims shall hereafter be so admitted using the said pier, approach any of

such portions of the seawall.

Among the artistes who will assist and overy such creditor shall rank as

and n creditor for the amount so

at the forthcoming Australian ted to be due to him and no more. It is notified that the International New Zealand Association concert in Rooms, 9074108 The liquidators of

the Company, Sanitary Convention for Aerial Navi- the Association

Miss Prue December of the directors of the Company, gation, which was signed at the Hague Gloucestor Hotel, are shall be entitled to pay all claims of on April 12 1993,

May ratified by lawla, Mr. P. St. J. Sharpham, Miss

MT July unsecured creditors of a loss amount Majesty's Government in the United Doreen Ma, Mr. Li Chor-chi and Mr. than $100, and all fractions of $10 Kingdom on September 15, 1984. G. E. Dudley. The concert will com- on the unsecured creditors' claim in By virtue of a notification deposited

ited monce at 6.45 m., on Thursday on 3rd April, 1935, the Convention next, a nominal charge of 30 centa „The...unaceured ereditors of

ан the applies to the Colony of Hongkong as being made for admission. Ton and Company shall accept the provisions from the 1st August, 1985. A copy refreshments will be available in the in their favour contained in this of the Convention may be inspected small dining room of the Gloucester scheme in full satisfaction of all at the Colonial Secretary's Office.

cash,

was

Jatol.

1.99 1.07/08 1,98 102/024x8

1.981.02%/921⁄4xx Total sales:-230 lots. xx possible mutilation.

(Strauss).

Vienna

of the South

Bon Bonts

9.30 p.m.-11.30 p.m. Hongkong Hotel Dance Orchestra.

11.30 p.m.-12 midnight. A Relay from Daventry,

Scotland v. Now Zealand. A run- ning commentary on the last half-an- hour's play in the International Rugby Union football Match by Captain H. H.T.

relayed from Murray.

Beldach.

12 midnight. Close Down, NOTE: There will be a relay from the Lee Theatre on Z. E. K. on a fre-

quency of 640 kilocyeles from

p.m. (Chinese).

8-11

TO-MORROW'S PROGRAMME

Relay of Military Parade Service

RECORDED PROGRAMME

9.10-10 a.m.

Military Parade Ser- viée from St. John's Cathedral.

Clore Down.

10 .m.

−11 mm-12.13 p.m.--Morning Service" from St. John's Cathedral.

12,15-2.30 p.au. Europenn Recorded Programme

1 p.m. Time and Weather Report. 1.30 .. Press Bulletins,

"Sunnth in C Minor (Grieg) played ky Marjorie Hayward (Violin), and Unn Bourne (Planoforte).

Light -Orchestra Music.Four

Suite (Eric

Contes): At the

Tschaikovsky Fountain (Urbuch);

Parade of the Tin Soldiers (Jessal): of the Little Lenden Soldiers March of (Pierne);

Wing

Nanette (arr, Schwartz);

Waltz

(arr. Schwartz) Drury Lane Memories: March Review Stedley; Bonnie Scot- Iand (arr. Pether); Blue Danube Waltz (Strauss); Vienna Blood- Waltz (Strauss).

A Light Concert.

Sunga-Hatfield Bells (Easthope Martin); Songs-Crown of the Year (Easthope Martin) Percy Heming (Baritone); Violin Solos Venetian Gondela Song No. 1 (Mendelssohn,

arr. Walter); Duetto Song

arr, Walter) Lionel Tertis;

By the Waters of Minnetonka (Lieu- rance). The

The Lass with the dellento air

Mavis (Arne)

Bennett

prano Carmen-Fantasy

} Fluote Solos-Mudrigai

along the veroysol .....

arr. Barne) Marcel The Devout

(Samuel) Percy Heming Baritone); "Nell Gwyn Dances (Edward German). 2.30 p.m. Close Down.

4-7 p.m. Chinese Programme. 7-10.30 p.m. European Programme, 7-7.40 p.m. Light Orchestral Music.

Spanish Serenade (Bizet); Spanish Danco No. 1 (Joszkowsky); Seronado (Continued on Page 4).

BEWARE

of MOTH

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CARPETS VACUUM CLEANED

by

ARTS & CRAFTS

330 Shaukiwan Road. Telephone 24173."

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