1936-11-09 — Page 17

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SINCERE CO.'S CAPITAL

COURT APPROVES REDUCTION

BACKING BY HONGKONG BANK

NOW,

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NESTLE'S QUICK OATS

Send this coupon to-day for full particulars.

1 To Nentle & Anglo-Swiss

Condensed Milk Co.

Chang Tin Building

Des Voeux Hasil C. HONGKONG.

PLEASE SEND ME FULL

TAILS OF

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AT YOUR DRUGO117

THE TEXAS CO.

(China), LTD.

14 Queen's „Rd.

Asia Bldg.

Tel 28094.

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SPECIAL NOTICE

.

Advertisers requiring; addi- tional space in the "South China Morning Post" and "The Hongkong Telegraph." during the months of November and December, ore requested to make their reservations DS early as pos- sible. In the interests of advertisers, we hope to dis. tribute advertising evenly throughout these months, and in order to assist us.. -co-operation is invited.

The reduction of capital of the Sincere Co., from $12,000,000 to $10,- confirmed by Mr. Was Justice J. J. Hayden, Acting Pulsne Judge, in the Supreme Court this MORNING.

Appearing for the Company, Mr. II. G. Sheidon, R.c., who was in- structed by Mr. R. M. M. King, said the firm was incorporated in 1919 with the object of carrying on busi- Bess as drapers, furnishers and gen-

all In

Ita warehousemen brauches, and with the obiceis sel forth in the Memorandum of Associ tion.

The capital of the Company wan Into 1,000,000 $12,000,000 divkied

$10 enel and ordinary share of 1,000,000 Preference shares of $2 each. Issued 1,000,000 The Company had Ordinary shares and 97,071 Prefer- ence shares and the rum of $10 hind been paid up on the former and S2 on the latter.

Lacti

THE HONGKONG

MONDAY, NOVEMBER 9, 1936.

TELEGRAPH.

LOCAL GOLF

REBEL ARMY ENTERS MADRID

(Continued from Page 1.) baving male important breathes In But the at- the Loyalist detences. tackers still have not crossed the river and have not captured any bridgeheads.

A Communist women's battallon was fighting inte into the evening yesterday in the former loyal Park outside Madrid, and sustained terrible losses-Reuter.

Defenders Using Gas

Lisbon, Nov D

An insurgent radio despatch states the Government troops are using pulson gas bombs in the defence of Matrist. ftcuter

•

2

Civil. Guards Revolt

Lisbon. Nov, D. The

Urondcast rebels have message from Valladolid that the Madrid Civil Guards have revolled and crupled the Palace árut Prest dent Azana's residence. - United Press.

Summary Of Siege

•

Madrid, Nov. 9. The following is tiny United Press correspondent's Summary of yester-

Mattrid:

Four insurgent bombers dropped twelve bombs on the elty, killing at least nine and wounding 200, many critically: Simultaneously rebel artillery shelled the Plaza de Ke- In- allertas and the dependencla and casualties are thus far unestimated.

Plaza

de

The Defence Junta is desperately exhorting the people not to yield an inch.

By a special resolution of the Com-day's developments of the siege of

an extraordinary pany passed' at general, meeting held on September 7 last, it was resolved, "That the expital reduced from of the Company be

into 1,000,000 $12,000,000 divided Ordinary shares of $10 ch and 1,000,000 Preference shares of $2 divided into $10,000,000 10 1,000.000 Ordinary shares of $10 each; and that such reduction be effected Rul by canceling so many of the said Preference shares as have not been taken or agreed to be taken by any person, and by paying off as capital in excess of the wants of the Com- bany the capital paid up, and not yet repaid, on en many of the Preference anal, sub- hares as have been taken. jeet to the sanction at the Court, tagether with interest at the rate of five per cent. per annum from the date when the said Preference thares were respectively paid for and the satd reduction by confirmation of the string, and the Court, and by

the Company does hereby confirm, the repayment of the capital on so many

of the said Preference shares as have already been pald of, and thint the Preference shares upon which the capital paid up has been, or shall be. repaid as aforesaid be cancelled.

THE REASONS

Continuing, counsel said the paid- up share capital proposed to be repaid and which had already been repaid was in excess of the wants of the Company for the following reasons;

(1) The Company was urgently in need of cash for its business and it was decided to endeavour to raise the Preference shares sune by an issue

It was with very attractive terms. hoped to raise a sum of $2,000,000 by

Pic

fighting

Jay's bloodiest!

From the occurred in Casa de Campo, across Palace, using tanks and ring from he Manzanares River. behind stout barricades, the Loyalists resister an intensive rebel attack.

The rebels were preparing to shell the Toledo and Segovia bridgeheads and is believed there are rebel troops still fighting for the possersion

of the suburbs,

Bombs Drop Near U. P.

There was

rait in the an air vieilly of the United Press offire. 1 heard two explosions In the direction of Atocha Sirert and saw ambulancea mish to the scene.

Eight women and children were killed in church where they had

CAPTAIN'S CUP QUALIFIERS

ut

In the Captain's Cup November qualifying competitions played Fanting during the week-end, G. S. Chambers quaffled on the old courag with a score at 07 (91-24). Other scores were T. J. Price 71 (85-14) and G. Marselile 72 (86-11). There were 35 entries.

On the new cource, D. J. Gilmore qualified with a score of 71 (75-6). Other genres were A. A. Brenner 72 (8-14) and D. J. Valentine 73 (06-13). There were 17 entries,

KOWLOON RESULTS

Results of first round matches in the Kowinon Golf Club elmmmpionship are as follows:

J. 1. Thomson beal A. W. da Rózu and 4.

H. D. Geden bent A. J. Dermis ane up.

1. 11. Mundy beat A. Kasimun 2 and 1.

H. K. Collings beat T. Palon 4 and 2.

K. 5. Robertson bent A. P. Braley 5 and 4.

e.. A. Remedios Beat A. Bequiart at the 19th.

F... Booker beat W. A. Stewart 5 and 4.

.

W. Taylor brat P. 4. Bony 6 and

STARTING TIMES

are

the stating The following times for the Kowloon tolf Cab & Junior Championship, to be held a Sunday, November 15;

14,000 2. B. anion and J. Geliatiy.

W. A. Bladid and B. F. West- Take

9.04

9.08 Li F. Terry and P. A. 131. 9.12 W. C. Simpson and 1., Juck. 9.16 J, R. Leiten and. Wm. Orr. 9.20 E. H. Watts and W. Kershaw, 9.24 C. Anderson and V. C.

G. Labium.

and J. F.

9.28 1 Castro-Bastu

Humble.

1.33

จ.สก 9.40

E. W. Loveless and 7. Hender-

FG. Juck and M. A. Calrus. E. W. Gurdiner and . C. Borner.

FRAUD ACTION SUCCEEDS.

sought shelter. One workman was MR. W. LOGAN SECURES killed and two wounded at North A bomb in the Plan de Station. Zozaya set fire to a house and older damine was clone

תן

Caravacas, Sombrerite, Beslto Guitterez, Valen- cla and Sacramento Streets where several were injured and many es started-United Press.

PERRY HAS SIGNED AS PROFESSIONAL

every

this menns and accordingly, at an ex- traordinary general meeting of the Company held on May 8 last, a special increasing resolution was duly passed the capital of the Company Irom

(Continued from Page 1.) $10,000,000 to $12,000,000 by the crea tion of 1,000,000 new Preference

There is delinitely no "circus" of shares of $2 each. Inter alia it was resolved that these Preference shares professional players. Each signs con- should carry a cumulative preferen-tracts as an individual and 1ial dividend of 20 per cent. per time they go on a court they go on annum for the years 1936 to 101010 win inclusive and

"In amateur matches this is very of 15 per cent. One per annum for the years 1941 to 1945 often not the case. Good players such inclusive.

It was also provided that as Cochet, Perry, Vines and myself in respect of the year 1946 and sub-in amateur days often played a very sequent years the said Preference poor game in the early rounds of a The professional plays shares should carry a preferential tournament.

the tine. dividend at the rate of eight per cent O'Brien and 1 at the moment have no

cent. its best innis alt per annum, but such dividend was

be connection

whatever and this tour not cumulative and should only he

was arranged personally with each that year. | Was payable out of the profits These preference shar

shares were offered separate place."

the Schroeder,

Swedish player. the persons who at the date of the parsing of the special resolution were who won the bardeourts Champion- ne holders of Ordinary shares. The ship at Queen's Club a fortnight age ise, however, was not a success, s was dismissed by only 97.691 shares

subscribed tennis player." were

"He is no mood out of doors," said representing a sum of $195,382 whieli was quite insufficient for the Com- Tilden. "He won't get into the last

16 at Wimbledon next year pany's needs.

enters the championships there.

(2) The Compory then approached the Hongkong and Shanghai Banking Corporation and the Bank agreed to Baner the Company upon certain terms and conditions which were ac sled by the Company. Accord- gly, the Company on July 10 last entered into an agreement with the Bank whereby the Bank agreed, sub- jeet to their absolute discretion as to the amount that should be advanced,

JUDGMENT

Me. W. Logan was given judgment, with ensts, by Mr. Justice J. Hayden at the Summary Court this i morning in his clum against C. L. Clarke for $250, being damages for fraudulent misrepresentation.

de-

Mr. M. A. da Silva appeated for the plaintiff, who, in evidener, said that sometime in February Jast fendant interested him in the question! of supplying watchmen to shipping companies for ships arriving here. He was introduced to one Mohammed whom he subsequently Khan with

a contract, and de- entered into fentiant told him that he had oblanc the business from four shipping con- panies Later, he gave defendant $250 on being promised that the con tracts would be transferred to him,

The contracts, however, had never been transferred to him, and he pressed defendant for the return i the money, but was put off. On ne orrusion, defendant offered to pay him back the money at $10 a month. but he refused. If he had known the contracls were not transferable, be would never have handed the money to defendant.

POLICE RESERVE

ORDERS FOR CURRENT WEEK

Orders by the Hon. Mr. T. H. King. Inspector General of Police, state:

Armisile Day

Reservists The following Police will parade for duly in connection with the Armistice Day Celebrations on Wednesday, November 11th, 1030.

Chinese Company-5 metubers of the Chinese Company to parede at Central Police Station at 09.15 hours to draw arms and 30 members to parade at the Chine Company fleadquarters at 10.00 hours, Dress- White Uniform, Sunhinta, Belt with Drace, and Truncheons.

Indian Company-25 memberg of The Indian Company to parade m Central. Poller Station at 09.15 hours 'o draw arms. Dress-White Uni- form, Sunhats, Belt with Brace, and Cource

10th, 1onstables R4 Tam Tin-

Flying Squad.-6 members of the Flying Squad to parade at Central Poller Station at 09.30 hours to draw arms. Dress-White Uniform, sun- hats. Bell with Brace, and Trun- cheong.

Emergency Unit Jerve. Alt Unit members of the, Emergency

the Reserve will parade outside Supreme Court (South Side) at 10.00 hours. Dress--Khakt Helmet Khaki, Tunis, Khaki Shorts, Putters, Helt with Bruce, Holsters and Re-

volvers.

Chinese Company Training Course: Part --Con- stable R Edward: Feler Ho has 11 of Training qualified in Part Course Knowledge of Police Duties and Regulations) on 2nd November, 1930. The undermentioned members of the Chinese Company will attend Chinese Company Headquarters on Tuesday, November 19th at 17.30 futur, for Part 1 of Training fung and R38 Henry Won."

will be

Indian Company'

OVERSEAS - CHRISTMAS SALE For One Week Only

Monday, Nov. 9th to Saturday, Nov. 14th.

discount on all merchandise. 20%. Take advantage of this offer

to buy for folks back home.

GRAY'S YELLOW LANTERN SHOPS Gloucester Building.

Tol. 27424.

Remember last Home Mail leaves on 13th Nov.

We Help You Look Your

Best.

Modern - Odourless ZORIC

all

Drycleaned Garments retain the distinction and style of now-

ness.

They wear longer; the shape and fit is better preserved and you always look your best when you wear them.

USE ZORIC ODOURLESS DRYCLEANING. THE STEAM LAUNDRY

Kowloon Works Hongkong Depot

Training Course: Part D.-There of Training no Part 1 Course for members of the Malati cutanjena n

Company on

10th, 1836.

Tuesday, November

11

Traitung Course:-Part III-There will be a revolver course for 3- bers of the Indian Company

1 al 17.00 Thursday, November

mrs at the Dowen Road Revolver Kange unter Ponce Sergeant Agr Perkins. The undel mentionea 'me- bers will attenu:-Pouce Sergeant 1202 M. Abaurruti, Lance Sergeants 1204 A. Karun, and 1227 Kousin Monamed, and Constable R14 Lin- nan Singa, R248 lam D, 1237 Nour Auned, 1453 Manica Ansub, Rug Lmar Din, and 289 M. Y. khan.

C. CHAMPKIN,

. . . (R)

NUISANCE IN PLAYGROUND

TWO KOWLOON YOUTHS

FINED

Two 21-year-old. torch-making ap prentices were taught brior Mr. E. Himsworth nt, the Kowloon Magis- tracy this morning for trespassing in the Chatham Road Children's Play- gruund without permission.

The first, Pang Kami, of 181

with Chung Street, was charged swinging on the children's swings, and the second, Lam Wun. of 2 Yee Kak Road, was charged with riding his bicycle inside the park and thus endangering the children playing there. P.C. C896, Sul Kul, was re- sponsible for the arrests,

Inspector Andrews stated that these non had no right inside the play- ground and that their presence made it risky for the children.

His Worship fined the first defend-

Tikien "Biardship gave judgment for Mr.ant $3 and the second $2, or sevent

"His winning while playing on wood in Sweden does not signify that he is a great player. Wand maker for a screwy game and the player must be used to wood and need to n A good tennis particular court. player may be good on wood but being good on wood does not mean that the player is good at tennis."

Tilden and Mr. and Mrs. Vines will

to advance monies to the Company be staying at the Hongkong Hotel

the during their stay in Hongkong. the said

not exceeding $5,000,000 upon securities mentioned in agreement.

BANK'S

CONDITIONS

The Bank made it a condition of carrying through the financing of the Company that the capital obtained by

GOD'S BIRTHDAY SWINDLE

the Company from the issue of the DONATION COLLECTOR

shares

IMPRISONED

Wong Yee's favourite trick, ot

before-mentioned Pruference sha should be repaid to the holders of Buch shares with interest at the rale of five of per cent. per. unnum from the respective dates upon which such seeking donations by false pretences, capital was paid up until the date of was discovered after his tenth day e the

confirmation of the reduction by canvassing, and he was sentenced to the Court. The Bank were not pre-

three months in gaol by Mr. E. Him- pared to advance the said monies with swarth at the Kowloon Magistracy

view to placing the Company on a

this morning.

Round Banelal basis unless the sald Wong Yee and two friends, not in custody, made, out a long written

Preference shares were cancelled, as

and

Such financing of the Company would plea on red and white paper only be for the bene of a small

took it from house to house asking number of shareholders at the ex-

for -denations for the birthday of the pense of the general body of share- Actilious god, Ha Yuen. On Novem ber 8 they went to the second fico (3) The Company had obtained the fist of complainant, Chung See, ut

asked for consent of 00 per cent. of the holders 27 Ash Street, and

holders.

of the Preference shares to the re-donation. Complainant refused, and, turn of their capital on the terms with the two men keeping watch, de- ransack the mentioned.

fendant proceeded to

and emerged Mr. Sheldon concluded by saying room for valuables that the application was to obtain with a rattan basket, an alarm clock confirmation of a scheme whereby and ten pieces of women's clothing.

police the Company could obfalo,the amount Complainant blew

her

of $3,000,000 financial backing from whistle and held defendant until the Hongkong and Shanghai Bank, police came. All the property was The scheme was a sound one and fair recovered, but the two accomplices to everyone concerned,

made good their escape.

His Lordship agreed that the scheme was fair, and, after ascertain, ing that there was no opposition, con firmed the reduction.

Defendant. told the Court that he had been working at this job for about ten days, and had received be- tween $1 and $2.

Defendant was not in Court a'd

Logan, with costs.

days' imprisonment.

REMINGTON 16

MUSTARD & CO., LTD.

DAVID HOUSE.

· Tel. 31141..

Equipped

with 5 KEY

Decimal

Tabulator

CO.

Telephone 57032.

Telephone 21279.

Swan, Culbertion & Frits

Investment Bankers and Brokers in Securities and Commedities Daily New York and London Stock Exchange Service Commodity Futures on the principal American markets Members of

New York Cotton Exchange

Chicago Board of Trade

Wlaniner Grain Exchange

Commodity Exchange, Inc., New York

Canadian Commodity Exchange, Inc., Montreal New York Coffee and Sagar Exchange Manila Stock Exchange.

Correspondents for

HAYDEN, STONE & Co., New YORK AND BOSTON

J. E. SWAN & Co., New Your

Cable Address: SWANSTOCK Telephone 39244

Hongkong & Shanghai Bank Bunding, Hongkong

Offices: Shanghai and Manila

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ALL EXPENSES FOR DELIVERY INCLUDING DUTY CAN BE PAID IN HONG KONG,

For Full Particulars Apply

THOS. COOK & SON LTD.

•Hong Kong.

Queen's Bldg.