THE HONGKONG WEEKLY PRESS AND
50
50 50
GREEN ISLAND CEMENT COM- PANY, LIMITED.
བྷ
An extraordinary meeting of the Green Island Cement Company, Limited, was held at the Offices of the Company on 25th June, at noon. Mr. C. A. Tomes presided and there were also present:-Hon. Ĉ. P. Chater, Messrs. J. Orange (Consulting Committee), R. K. Leigh, Fung Wa Chuen, Ho Tung, Ho Fuk, Lo Cheung Shiu, Hip Chee Foong, Wong Hop Kee, Ho Yam Ñam, and F. J. V. Jorge (Secretary).
18
Vermilion Guild..
150
Tang Kam Ches
Chua Chee Bee
125
Quan Hồng Loong.
Yung Shui Po
100
Kwong Man Wo
Lo Chee Tin
100
Nippon Yusen Kaisha's Com-
Chan King Ting
100
pradore
Ho Fook
·100
Wo Kee
***
***
Wong Chuk Yau
100
Tang Kee
Wai Lun Shek §.
100
Yip Chuk Kai
100
Nam Wo Co.
Wing Mow Sang
...
Tong Lai Chnen
100
Wo Fat Co...
Tong Wan Chiu.......
100
Kwong Shing Co.
Leung Yan Po
100
Nam Tai Loong
Yuen Hop
100
Aust.-Hung. Lloyd's Compra-
Chan Sni Lam
100
dora
Chan Hing Ki
100
Quan Lun
50
Hu Shun Chun
.100
A. R. Marty's Compradore
Wong Shu Tong
100
Standard Oil Co.'s Compradore
50
Tang Shang Wo
100
P: M. & O. & (). s. s. Co.'s Com-
Lee Tin Pan
100
prodore
Chang Yuet Kai......
100
Yu Wo Loong
Chan Hai Tang
100
Him Yuen
50
Ng Chung Kai
100
Tuck Cheong
50
Lo Tse Chung
100
Sze Wo
50
888 88888888
8388 88888
80
60
50
50
30
50
50
50
50
30
50
50
50
50
50
Lam Pang Po
100
Yeong Hing
50
Leung Sing Woon
100
Kwong Wing Sang
50
Chin Hang On ...
100
Yau Cheong
504
Tang Chenk Hing
100
Hoak Men Joo
Chan Po Tung
100
Lok Nga Club
Sin Tak Fan
100.
Kwong Cheong Loong
50
Kwong Hop
100
Assam...
50
Lau Chu Pak
100
Wing Cheong
50
Leung Ngan Pun
100
Chee On
50
Yang Chuck Ting
100
Wo Kee
50
Ho Yu Tin
100
Wai Sun
50
Woo Seong Chow
100
Shiu Cheong
Cheong Kam Tin
100
Chan Ping Hung
Wong Yu Chun
100
Yeong Pee Kook
100
$24,685
Chan Shut Chao
100
Liu Tse Shan
100
Chu Foo Lan Tung Chan Hang Kee Lai Yuen
100
100
100
100
Chan Kit Shau
100
Wong Wo Kee
100
Yee Soon Tai
100
Wing Cheong Chan
100
Tye Fung Shun
100
Kwan Mow...
100
Yung Yik Ting...
100
Lam Kum Ting...
100
Chiu Yu Tin
100
Lo Chao Shan
100
Chan Lan Hin
100
Poon Fai Ting
100
Meng Kee
100
Tse Kit Man
100
Ng Ping Sam
100
Ng Pak To...
100
Tai Shing Paper Mill
100
Wai Mui Kai
100
Chan Lai Kum
100
Fook Loong . Yu Yuk Chee
100
:100
Cheng Kwai
100
Wan Chao Choy
100
Shiu Loong Opium Firm
100
Lee Yuk Hang...
100
Ho Kwan Shan...
100
Tuen Lai Chun...
·100
Chu Yau Lan
100
Kwong Man Cheong
100
Kung Yuen
100
Shun Kee
100
Tung Kee
100
Kwok Yin Un
100
Wai Wo
100
Yui Kee
100
Sui Kut
100
Choy Yik
100
Man Cheong Yuen
100
Chan Woon Ming
100
Wo Sing
75
Siu Ming Shun...
75
Kwong Wing Shun
75
Tai On s.s. Co....
60
Kung Cheong
Wo Yik Tai
Loong Shing
50
Chau Tat Tong...
50
Heung Sing 8.8. Co.
50
Pau Ping Kwan -
50
Chan Chun Wing
50
Kwo Fai Shan-
Lok Hing Tam Tse Kong
50
50
The SECRETARY read the notice convening the meeting.
The CHAIRMAN-Gentlemen, I have to pro- pose that the following resolutions, which were passed at an extraordinary general meeting of the Company held on the 5th June, be con- firmed:
(1)-That the Capital of the Company be increased to the sum of $500,000 Hong- kong. Currency by the issue of thirty thousand new shares of ten dollars each to be issued at a premium of ten dollars each, such price of ten dollars each and also such premium of ten dollars each to be payable in such amounts, at such times and on such conditions as the General Managers shall from time to time deter- mine.
(2) That twenty thousand of such new shares be offered to the persons who on the 1st day of July, 1897, shall be the registered shareholders of the old or existing shares in the proportion of one new share for every old or existing share and such offer shall be made by a notice specifying the number of new shares which each such registered shareholder shall be entitled to take up and limiting a time within which the offer if not accepted in writing will be deemed to be not accepted, and all non-accepted shares shall be disposed of for the benefit of the Company on such conditions as the General Managers shall determine. (3)--That the remaining ten thousand new shares be allotted to the General Managers, who have guaranteed to apply for and accept that number. Mr. FUNG WA CHUEN seconded. Carried.
.
The CHAIEMAN-That is all the formal business, gentlemen. It will perhaps interest you to know how we propose to make the call.
the 1st July and make a call of $5 on each share payable on the 31st July. Regarding the site,
[July 1, 1897,
we are still undecided as we have not been able to get any definite answer from the Govern- ment. Now that the Jubilee celebrations are over perhaps the Government will give atten- tion to the matter.
Mr. Ho TONG suggested that it would be - more convenient if the books were closed later than the 1st July, say the 5th, as the 1st was settling day.
The CHAIRMAN replied that the books must be closed on the 1st July. Perhaps that would be somewhat inconvenient being settling day, but that question did not occur to the Com- mittee at the time. However, they would try to convenience everybody as much as possible. The date could not be changed as the resolù- tions had been passed.
The meeting then concluded.
HONGKONG ELECTRIC COMPANY, LIMITED.
The eighth ordinary yearly meeting of the shareholders in the Hongkong Electric Com- pany, Limited, was held on the 29th June, at the offices of the Company, 27, Queen's Road. Mr. H. L. Dalrymple presided and there were also present-Hon. C. P. Chater, Hon. J. J. Bell Irving, Messrs. C. S. Sharp (Directors), W. H. Wickham (Manager), C. F. Harton (Acting Secretary), G. Stewart, G. T. Veitch. C. Beur- mann, A. Baptista, and Captain Farquhar.
The ACTING SECRETARY read the notice convening the meeting.
The CHAIRMAN-Gentlemen, the report and accounts having been in your hands for some time, I propose, with your permission, to follow the usual course and take them as read. We are glad to be able to again come before you with figures showing a steady improvement in the Company's earnings, and a better net result of the working for the year, and I trust that these will have given satisfaction to all share- holders. To the incandescent lighting is again due the principal share in the increase in our earnings, the arc lighting showing only the additional revenue accruing from the use of the seven are lamps installed at the end of our previous financial year. Against our increased revenue we have had to in- cur some additional expenditure, but every- thing is being done to keep this at as low a figure as possible consistent with the proper maintenance of an efficient and satisfactory sør- vice, and we hope and believe that in the service of the light during the past year the Company have given satisfaction to the numerous con- sumers of the current. The profit on work- ing account, as you will observe, amounts to $27,071.70 and the balance of Profit and Loss Account (after deducting Directors' fees) is $33,190.03 which we recommend should be disposed of as follows:-To pay a dividend of 5 per cent.-40 cents per share, $12,000; to write off plant account for depreciation, $12,500; to carry forward, $8,690.93; and we trust this will meet your approval. No doubt it may have occurred to some shareholders that this time we might have recommended a higher dividend than that just mentioned, but your directors have had in view the fact that, as it is intended presently to call up the remainder of a the capital, we shall next time have to pay a dividend on a larger amount, whilst the additional machinery, to provide funds for which the final call will be made, will not be bringing in revenue for any length of time during the current finan cial year, so that to keep up next year the same percentage of dividend on the full capital, we may have to make use to some extent of the sum we now recommend to be carried forward. We trust that this course will commend itself to shareholders generally. Mr. Wickham, whilst at home, was able to arrange the pur- chase of the whole of the new machinery and appliances required of the latest improved type, and the Board have reason to be satisfied with the results of his visit in the satisfactory terms obtained in connection with this matter. I may point out that a considerable portion of the increase in the item for charges is due to this visit, but we consider more than the equivalent has been realized in the super- vision Mr. Wickham was able to give preparation settling of the
che
tracts. The new machinery, etc., 1 18 now on the way out, and part has already arrived,
No comments yet.
Private notes are available after approval.