STURDAY APRIL 28 1923-
HONGKONG HOTEL CO.
(Continued from page 6.)'
1
it
be of quite a different order if the members of the staff did not one and co-operate in concentrating their utmost energies upon at all times doing their best to forward the Company's interests, and this in a busy winter season, such as tllat through which we have just passed, necessitates on numerons occasions a prolongation of duties far beyond customary hours; but your Company's staff never fail to rise to the occasion and success fully cope with the many difficul- ties thereby involved. For this, I consider, we owe them, from the Managing Director downwards, a full and overflowing measure of
since, under existing conditions is impossible for us to lower the rates charged for motor-car and coach hire, as the journey from town to Repulse Bay covers rough ly 13 miles, and the cost of gaso- lene, plus the wear and tear of tyres, depreciation, insurance, etc. leaves but a very small margin of profit on ordinary car hire, and you will readily understand that the maintainance of a motor-coach service running continually to gratitude. Schedule Time cannot in itself pay To the Managing Director our the Company for the outlay involv-thanks are also due not only for Our motor-coach service was his services in connection with the naugurated in the first quarter of acquisition of your Company's last year, and we have maintained holding in The Shanghai Hotels a regule schedule since its incep- Limited previously referred to, but ton, although that has sometimes also for the untiring efforts which necessituted our ranging coachesh, jointly-with Mr. Burrows, his practically empty. It is our in-Co-Managing Director of The tention not only to continue the Shanghai Hotels Limited, carried service, but on completion of the new rend vir Wong Nei Chong Gap, to considerably augment it With this in malad, we have acquir eden extensive pices of land im- medi.tely behind the Sikh Temple
to so successful, a conclusion ia regard to the realisation of the doubtful assets wherewith the Shanghai Company was encumber- ed at the date when your Company's interest therein was acquired.
some what lengthy
THE CHINA MAIL.
aiderably improved, and I think we may safely look forward to 'a very good future.
Loss on "China Press.""" Whilst the loss on the sale of the Chind Press shinres proved to, he only $24,667.64 (which, I think, you will agree is very cruditable in view of the fact that this invest ment cost the Company over $480,000), the loss resulting upon the disposal of the Company's, in- torosta in the China Motors Limited mounted to $308,000. These lossen having been anticipated, however, wore amply provided for at the end of 1011 by carrying forward the entire profit for that year: less the interim dividend paid in Juno, 1921. The purchasers of the China Motom undertaking male an arrangement with us for payment by instal- monts, and that has, therefore, in- creased the amount of sundry, dohtors account,
་
Racecourse Site."
You will observo that the reserve of $150.000 for the Palace Hotel building has been transferred to properties reserve account, and that the aum of $191,448. has been transferred from Reserves towards writing off the cost of plans, etc., in order to erect our new main
Patroclus and Achilles." of the new hotel which it was-for- Gage there, and the work on this
In conclusion there is just one merly proposed to erect opposite the building will comune.ace immedi-more subject upon which I would moc-course. It will interest you to ately. Do completion of this new like to couch, namely this Speech," know that the profit made on the Garage and the road to Repulse in regard whereto I would say:- sole of the race-course site amount- Bay via Wong Nei Chong, we shall
Firstly that though it is (as I whood to $147,088,HD,, To those of be in a position to co-operate with have "delivered" in well know) You. who are acquainted with the Tramway Company, and not a only run a cheap and quick service its length is more than excuse during recent years, it will not be one,Shanghai' and its renurkable growth to Rejmise Bay, Bis also a serviceable by virme of the reasonble the Penk-Hotel-thus-rendering necessity therefor and secondly
-matter-of-surprise that this site transportation facilities to houses that the substratum therof does not was considered unsuitable for the
the new Peak motor road. Furthermore, in the Summer the brains of our energetic Managing templated.
emanate from my brain, but from erection of the hotel originally con- months more particularly, we shall | Director (Mr. Taggart) and our be in a position to run a motor hard working Secretary (Mr. couch service from the Peak Hotel Hawker). I am but Patroclus" direct to Repulse Bay at an esti- appearing in the armour of mated coast of 50 cents per head "Achilles." per trip, thus not only relieving the present congestion on the Peak Tramway during the early after noon, but also cuning down the time for the journey from the Peak o Repulse Bay by about half an bour.
Motor Service.
Laundry Purchase.
During the year, ave acquired † from the liquidator of the Shinnghai, Sanitary Taundry Co., Limited, the property and plant of that Com- I now beg to formally propose pany at a very reasonable price. At that the report and Accounts of the present we are not making use of Company for the financial year the entire planty but we have under ending 31st. December 1922 (in-consideration the question of con- cluding the apportionment recom- treting for outside business. mended by the Directors as there- The item in the balance sheet in sel outjas presented be adopted, Loans or Mortgage" has increas and I shall be obliged if sonted by $90,000, against which we shareholder will kindly second have the property known as Nos. such proposal whereupon questions 106 and 108 Bubbling Well Road, as to the Report and Accounts may which we took over from the Chinu
The Chairman's resolution Motors Limited, when that Com Apart from this, a Garage was leaving been seconded by Mr.pany went into liquidation.
pened at Kowloon, which ELITI H. Birkett and
carried un- Ample depreciation has been pleased to say has been very well
animously. the election provided in the accounts for the patronised-in fact we have been
Harston furniture, fixtures and fittings of compelled to turn away intsiness and the appointment of Mr. E. M. the Company's various hetois, as Consequently your · Board has
Raymund as Directors were con- you will notice by the debit of unler consideration a programme for the Peninsula Garage which firmed on the motion of Mr. $85.454.86 to the profit and lose will place us in a position of being Nissim seconded by Mr. Fung Tal-account.
hang: able not only more adequately
During the year our livery to the service was augmented extent that we now have 30 cars
and motor conelies on the road.
meet
by raised.
of Mr. L Scott
Staff Superannuation Fund. I may mention that it was decided. towards the end of last year to dis- continue the Staff Superannuation Fund, as it unfortunately did not. dividend warrants would be readyof our business, and all contribu
The Chairman announced that adoquately cover the requirements on Monday morning.
tions were refunded to employees in
The re-election as auditors of the demands upon 5 Messrs Percy Smith, Seth and It also to-offer-facilities-for- Kowloon similar to those already Fleming, was agreed to on the mentioned regarding Repulse Bayed by Mr. Hannibal,
motion of Mr. R. L. Bridger second- Whilst on the subject of tran- sportation, I would point out that ample depreciation has been charged in respect of this depart-
ment.
Business Depression. Trade depression naturally re- fects in great measure upon a
SHANGHAI HOTELS, LTD.
December last. I desire to take this opportunity of expressing our appreciation of the services render- ed by the staff, and I am quite sure that you will approve of your Diree fora recommendation to grant ther bonus equal to 10 per cent, nf their salaries.
Policy of Prudence. The strength of our balance sheet must be apparent to you, but this is only the result of the due exercise of pridence, and our policy must
H
Don't confuse yourself with engineering technicalities and mechanical details. What the car does, and how little it costs to operate and maintain, are the things that count. Those things can be found out from the experience of others.
Hupmobile
CHILDREN'S CORNER.
My dear Children,
more
I am not writing any stories for you yor a time but I wanted to sendust a few lines to say good-bye to you all
1
SOLE DISTRIBUTORS:
HONGKONG HOTEL GARAGE,
ÞEDDER STREET, HONGKONG,
LOCAL TENNIS.
TOURNAMENT PRIZE DISTRIBUTION.
¿
BANK CLOSES DOORS,
PEKING'S POLICE.
INDIAN CONCERN'S HEAVY ANXIOUS ABOUT THEIRĮPAY,
LOSSES.
Reuter's Service to the China Mail.)
CALCUTTA, April 27, The Alliance Bank of Simla has
1
PEKING, April 27 The leaders of the. Peking ger- Two finals were played off in the
darmerie called on the President. I have had so many nice letters H.K.C.C. tournament yesterday from you that I feel that I know after which the prizes were pre.
this morning and the Cabinet this afternoon, numbering nearly a you quite well, although we have
hundred, in order to request shar nevermet, so this is to wish you all rented to the winners and runnem- closed its doors.
arrears be paid. It is understood the best of luck in the future and up.
· CALCUTTA; April 27. that the Finance Ministry is con- Playing on the stand court, G. W. sometimes perhaps you will give ja kindly thought to
Sewall and Miss Irving defeated of Simla is due to heavy losses and means of payment.-Reuter.
The closing of the Alliance Bank vening a conference to devise Your loving,
C. C. Stark, and Mrs. Stark in the customers withdrawals. The In- PETER PAN. Mixed Doublen by two sets to one. perial Bank of India is prepared The tennis was not up to expecta-forthwith to repay 50 per cent, of tions but both ladies played a good all classes of deposits, subject to game,
liquidation under its surveillance. The Handicap Doubley game be- Further dividends' will be paid in, tween G. R. Sayer partnered by due course. A. D. Humphreys and A. Brearley
:
AN OFF DAY.
"Mother," said Little Bobby,
every day?"
what does father go down town for
"Why he goes down town to work and get money so that Bobby can have a good dinner every day." his mother replied
A few days later, says Harpers' Magazine, when Bobby sat down to dinner he viewed the table with a critical cyé. Seeing none of his favourite dishes, he disdainfully shrugged his small shoulders and grunted
Huh! Father didn't do much
Immediately after the Hongkong business such as that in which we Hotel Company meeting the annual are engaged, and as the year 1922 witnessed in its early stage a gener- meeting of the sharondlers of al strike which inflicted incalcut- Shanghai Hotels, Ltd. was held able loss on the Colony, and as an Mr. J. Scott Harston presided sup- unprecedented traite stump was a ported by the llon. Sir Paid Chater. noteworthy feature which made ti, and Mr. is. M. Raymond itself felt throughout the Far East (Direrton), Messrs. J. H. Taggart during the Summer months, it was and . Burrows (joint Managing only to be expected that business Directors) and the Steretary (Mr. be to consolidate our position; and to-day, did hẹ ?" people would not travel and W. f. Howker, A.C.I.S.),, The although it is not a pleasing duty to patronise our Hotels to the same shareholdera present
were: have to amounce that no dividend extent as in normal times: thore Mawr. H. J. B. Norton, T. A. is to be declared. I have no hesita-' fore, our business during the year Barry, T. R. Farsons, N. V. A. under review was not up to the Croucher, A. W. Smith and C. F.
earnings.
CHAIRMAN'S SPEECH.
The Chairan said :---
Negotiations since the beginning
SCHOONER'S FATE.
AMERICA MAKING INQUIRIES.
WASHINGTON, April 27.
partnered by R. M. Henderson of the year to associate the Alliance (Reuter's Service to the China. Mail. went to the full five sets, the former Bank with other more powerful air securing the verdict. Sayer banks, in order to restore con- played very safely and scored many fidence in the stability, proved points with forehand strokes down fruitless. the sidelines. Occasionally, thore. were some bright spells of volleying and effective lobbing.
Yesterday's resulte in detail were
Club Championship.-E. R. 5. Dode beat H. Hancock, 6-8, 6-8,
6-2,
.
Mr. Hughes, Secretary of State, has instructed the American consul at Vancouver to investigate the CANTON ́ BRASS SÈIZURE. firing on of the American schooner
in Solander Day.
MR. BYRD EXPLAINS,
AN OLD COMPLAINT
[Advices from Vancouver stated: that a Canadian fisheries patrol boxt fired on an American, fishing
-“ NORMALCY” RETURNS.
AMERICA'S IMPROVED
TRADE.
WASHINGTON, April 27
· FIJI AGITATION.
Mr. Benton C. Byrd, manager of schooner in Solander Bay, as it Handicap Doubles.-G. R. Bayer the South China Development was suspected she was a poacher. and A. D. Humphreys (4/6) beat Syndicate. Ltd., at Shameen, in The schooner's crew scuttled and A. Brearley and R. M. Henderson whose godown some 18 bags of old abandoned the vessel, leaving be (1/0), 6-4, 2-6, 6-7, 6-3, 7-5 cartridge shells were found by the hind one wounded man who has tion in asking your approval of the and was, during the time when the Bishop (+40) beat, W. E. Kenuear day has informed the Canton Daily
Handicap Bingles-0 W. E. French Municipal Police last Mon, since died.! ; apportionment of the profits for the late Mr. Ezra was the Company's (+8/8), 8-3, 0-2, 0-1.
News that those found were standard of the two previous years Pratt,
year as recommended in the Direc- Managing Director, his right-hand The detrimental effect upon our
Mixed Dambles.-G. W. Sewall among other old brass bought tors' report. The Director feel an, and I think all present will profits was, however, off-set to a
that the policy of strengthening the agree with men when I say, as I and Miss H. Irving (+16) beat C. from various sources, including C. Stark and Mrs. Stark (+15.2), perhaps something from -- the certain extent by our action in
Company's reserves is fully justifi- do, that if the Company had not 0-3, 4-6, 6-2.
--||| Arsenal. The old brass referred opening additional departments
able and that the Company will enjoyed the services of Mr. Burrows and engaging in new enterprises;
After the gamer had been con to, upon delivery by the French which action, I am pleased to say,
hereafter reap great benefit there- during the past year, the difficulties from. We have in Shanghai very connected with the task wherewith Commodate Grace, prccented the late-General on April 25 was
cluded, Mies Groe, daughter of Municipal Police to the U.S. Consu has proved beneficial to the Com- Goatlemen,--The Head Office of valuable assets, capable of great the Company was faced at the time
The Federal Reserve Board's pany and lends in stablise our the Company having now been development, and with the recent when the Hongkong Hotel Com prizes. Mr. T E Pearce intr returned by the consular authorities
transferred from Shanghai to Hong-acquisition of the MacBain property pany, came upon the scene. World duced Miss Graca, mentioning her to Mr. Byrd the same day. If monthly reports show continued Prosperous Future.
exceptional interest in the tourna would be erroneous, therefore, to increase in industrial production kong, it is my privilege to present-which is shortly to be opened as have been well-nigh insuparable, ment and that it was a great honour lafer from the case that this com- and further expansion in building With the acquisition of new pros to you the report and accounts of the Majestic Hotel-covering a very and on behalf of the Company's perties and the extension and in the Comy in respect of the past large area and eituated on the two Board of Directors and its share that a member of the family pay was selling empty shells to operations Freight movements the Arsenal "As a matter of fact, were heavier than in any corres should provement of existing ones, much financial year. As such report and
of the great cricketer
General production ground was covered during the accounts have been in your hands main arteries of the city-we are holders,. I would tender to Mr.
ed some already used during the four years.
was B per cent. higher than the ings generally are in a very sutis-agreeshte that. I should take them position, to meet all competitionneritorious services, and on my own prizes. Mr. Pearce also referred to Manchu days, says Mr. Byrd past year. Our various undertak for soun duys, you will doubtless be fortunately in a sufficiently Atrong Burrows grateful thanks for bis bo with them to present the the empty shells involved include poading period during the last high peak, figure in 1920. Sales in The Palace Hotel is doing very behalf I thank him for the draft of the disappointment caused through factory state, and I am confident 8 read.
the illness of. Mr. B. F. Worthing:
departmental stores during March' that I shall not be misleading you You are of course aware that besi. well, and with regard to the Astor this speech,"
were 22 per cent, above the level- House Hotel, I may inform you that 1 new beg to formally proposa ton and Mr. H. D: Rumjahn who
of March of 1922. by indicating a future of steadily ness conditions in North China were the now Grill Room, although only that the report and accounts of the had gone so far but had had to drop increasing prosperity.
not very happy throughout 1922.
December last, as Company for the financial year end-out. He thanked Mears. Nisbet A country editor received this You will notice that the sum of There was a great falling off in opened in $500,000 has been transferred from travel during the year, particularly quickly become the most fashion- ing B1at December, 1922, is pre Thorne and Major Lloyd, who had question from oge of his readers
What is the matter with my hens? abla and popular centre of social sented be adopted and that the sum acted as umpires, and Mr. Mitchell the Share Premium Account to a from June to October, and this activity in Shanghai, and that in of $729,409.08 standing to the credit and the Tennis Sub-committee for Each morning I find one laid out Reserve for Hotel Construction Company, in common with all in addition to this the new ball-room of the profit and lock account be the hard work, done by them in cun- stiff and cold on the flour. and Development, which I trust | dustrial concerne, suffered from the
ning the tournament.
The answer duly appeared in the will meet with your approval.
in the Astor House Hotel will be apportioned as follows:~ effects of general trade depression.
Prizes wem then distributed by query column Your fowls are Praise for Staff.
Nevertheless, bearing in mind the opened within the next two or three Placa to the reserve of the follow Miss Grace to the following suffering from death.It is a very
ing accounts - y
SUVA, FIJI, April 27. Before concluding, I would like difficulties with which the Com- months.
I would add that we hope soon to New Hotel Development. $221,448. Handicap SinglesB"-Winner old complaint. The only treatment
A meeting of colonists has to say a few words in regard to the piny has had to contend, I think an amalgamation of this Com Furniture 30.000 C W. E. Bishop, runner-up, Wwe can prescribe is burial Company's staff. The running of you will agree that we have been
passed a resolution supporting the WHY SHOULD HE BE action of the elected legislators in a Hotel Company and the Hotels it able to plot a successful year's pany with The Hongkong Hotel Improvements 100,000 G. Kerneur operates is far from being in the
Sompany, Limited, and your Direc: General 950,000 Handicop Doubles Winners, G,
Code refusing to take their seats on the nature of a secure for those con- The net profit for the year tors are unanimous in believing and that $28,900.08 be carried for R. Bayer and A. D, Humphreys cerned therewith, and this Corn Amounts to $667,887.34 beings that, having regard to the very close ward to the 1923 account, and I runners-up, A. Brearley and BM. The friend of a certain captain Council
interests which exist between them, shall be obliged, if some bareholder Henderson of industry once applied to the The deadlock arose owing to the pany, as the owner of three Hotels decrease of $50,419.38 on the yes the amalgamation will prove a satis will kindly second such propo/ Mixed Doubles Winners, G. W. great mah for a job for his son, just i Imperial Government's promise to in the Colony with a fourth one 1921. Thoforts made to eliminate about to be erected, is by no means from the assets side of the balance factory ons from the point of view, whereupon questions as to the re- Bowell and Miss H. Irving run out of colleger refund £58,000 of the export duite port and accounts may be raised. nere-up, 0. 0. Stark, and Mrs. He's a bright, honest, modest to the Colonial Sugar Refining an exception to the general rule; sheet those investmants, which of both Companion consequently the results' achieved occasioned somewhat severe criti. Mr. Burrows Eulogised. The Chairman's resolution hay Stark young man, said the proud father, Company, without consulting; the depend very much more than is clem by the Company's auditors last As it is probably at any rate in ing been secondled by Mr. N. VA Open Doubles Winners of chal-II do say so myself Fil-legisative authorities The Crotcher and carried unanimously longe round, Ng Eze-kwong and Modest sabited the industrial elected members of the Council generally realised upon those year have resulted in greatly Hongkong, far from being generally the confirmation of the
ointment Wel Wing-lok winners of final captain: What has he ever done refused to sit will the Duke of who have to do what may stabilising the affairs of the Com. Imnown, I would like; before con of the present Board of Directors round, T. R. 8. Dods and A. B. to be modest about Youths Devonshire undertook that there think not inaptly, temn the "spade pany It was fund necessary to be oluding my remarks, to point our was
Companies reed to unanimously on the Rsworth runners-up, O. Rumjahny work," and from direct personal very drastic with regard to the Com how much this Company owes to observation. I can assure you that pany's holdings in the Ching Motors. Mr. Burrowsha with h there is the connection wife Tamited and the hms Press In-party in injjoint: Managing this Company's various under corporated, and the disposal of such for ita, to my mind takings a vast amount of that kind
gldings was the outstanding fed astiafactory present, pos ture of the past year a wording, Mr Burrows bas The financial position now icon Compo
Arnervide fo
of work to be done, and that the results of the year's working would
work.
+
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H. D. Rumjahn, ben:Singles:
the distril
chias Mine Grade
HOW WE LOSE OUR COLONIES
should be no
stitutiona
mpany