Votes.
#
Atre-Sond-Runerfield-& Swire, Shipping Department H. P. White-Hongkong Hotel ....
-6850--
'TUESDAY, FEBRUARY 10, 1925.
OUR $15,000 MOTOR CAR CLUB.
POPULARITY -CAMPAIGN CONTESTANTS.
Is Your Name In This Great List?
THE FOLLOWING ARE THOSE WHOSE NAMES BAVE BEEN ENTERED AND WHO HAVE BEEN VOTED. FOR AS THE MOST POPULAR PEOPLE IN HONGKONG."
IS YOUR NAME, IN THE LIST?
IF SO CALL AT THE CAMPAIGN OFFICE IMMEDIATELY FOR "FULL PARTICULARS, OR PHONE CENTRAL 4860.
Name,
S. P. Leigh Harbour Office
Chau Sui Ki Chun On Wo Co., Queen's Road West Miss Phyllis D'Almada-Mody Road, Kowloon... Prof. Anderson-Hongkong University
Miss Kathleen Grose-6B, Conduit Road..... W. Sous-Jardine, Matheson & Co., Ltd... Pedder Street. A. A. Rumjahn-Lugard Hall, Hongkong University. N. M. Bux-Victoria Printing Press. D'Aguilar" Street, W. Shea Colonial Dispensary, Queen's Road Central, Miss Gertie Razavet-China Commercial Co. » Mr. Richards-Sanitary Department
•Name.
A. Andrews-Dodwell & Co., Ltd. Mrs. Vint-King's Buliding, Kowloon,
6000...
Chev. J. M Alves-1a, Chater Road"...
5000
A. M. Thornhill-Soldiers' Club, Queen's Road East W. Logan-Ice House Street....
5000
5000
5000
5000
5000
5000 5000
5000
5000 5000
FL
5000 5000
Miss Phyllis Curtis-51. Nathan Road, Kowloon
6700 6700
Miss D. O'Keefe--Station Hotel, Kowloon....
6500
D. Trafford-Diocesan Boys' School. Bonham Road GV. Highest-W, R. Lbxley & Co..
6400
6350
Basil Fung-1, West End Terrace
Miss Minnie Macgran-Bank Line, Ltd.. King's Building., H. Taylor-Shewan, Tomes & Co., St. George's Bldg. Miss M. Remedios-Alex Ross. & Co., 4, Queen's Road C. Jackie Noronha-Lugard Hall, Hongkong University.... C. H. Lyson Lyson & Hall, Solicitors. Bank of China Bldg. Ng Tse "Kwong-C.R.C., Causeway Bay....
5000
6000
5000
5000
1.6300
A. Bower Diocesan Boys' School, Bonham Road
"Mrs. Elsie Datenberg-1. The Albany
6250
J. F. Grose-J. F. Grose & Co., 6. Dès Vœux Road
5000 5000
W. E. Van Epps-Brown, Jones & Co.
6200
Dr. M. E. Asger-Union Ruilding
FA. Loureiro-Hongkong & Shanghai Banking Corp.
15000
6450
A J. Lane-China Building
5000
Aliss Marsh Antlerson Music Co., Ltd.
6100.
Dr. Ma Luk-58. Queen's Road Central,
5000
Miss Lolita, de Sous-1, Aimai Villas, Kowloon,
6100
Miss Ruzávette--Lane, Crawford
5000
I. f. Fountain-Anderson Music Co., Queen's Building..
6050
P. O. Peuster-J. Manners Co., Ltd., 7, Queen's Road.
5000
7. S.. Wan-20, Chine Road.!
·6050"
E. T. H. Bunje-H, H. M. Nemazee
·6000
Mrs. W. Hawker-Peak Hotel
$9 $18-18% on par value
6050
C. M. Soures-Percy Smith, Seth & Fleming.
5000
W,, CarroB→Cartoli Bros.. Tee House Street".
6000
Miss Chenalioy--Nestle Milk Co.
Mrs. Pestonji8, Humphreys Building, Kowloon
5000
-$8 $18 18% on par value
6000
Mes. Pickie-Asiatic Petroleum Co.. Aşlitic Building.
J. R. Suiter-The Pharmacy.
5000
6000
E. Ezra-D. Sassoon & Co., Ltd.
5000
Miss Amy Stonham-a. Orient Building. Kowloon,
6000
Miss Violet Tock-Goddard & Douglas J. Des Viring Rd.
N. A. Tre-15. Puttinger Street
5000
6000
S. M. Mayes B.A.T.
5000
Mrs. S. Perry-No.7. The Tenk
6950
K. M. Fetterley-C.P.R....
. . Sheppard-Pucitte Mail, S.$. Co.,
5050
E. Sadick-Chater & Mody
5000
Miss D. Lyon-Cox's Path. Kowloon
'5900
Dr. J. C, Allan-Alexandra Building
C. Pryce C.P.R.
5000
5000
Fred V. Wong-333, Nathan Road, Kowloon,
B. W. Tapie-China Mutual Life Ins. Co., Alexandra Bldg.
5000
5900
Mry, Deacon-21. Broadwood Road
3000
D. J. PurvesJardine, Matheson & Co., Ltd., Pedder St. Prof. Gonzalez-5, Caine Road
5000
+
5000
Miss D Woods-Beaconsfield Arcade
5850
T. Jones-Lane, Crawford, Ltd.
5800
31 Mank-Dairy Farm...
5800-
P. Mason-St John's Cathedral
5750
E. Mattos-Hongkong & Shanghal Banking Corporation.
5700
W. Ward-Benconsfield Arcade, Queen's Rond Dick D'Almada-Bank Line, Ltd., King's Building.".. Miss Hatlie Noronhu--Equitable Eastern Banking Corp. Mr. Ponsonby Fane-co Hongkong University
5000 6000
5000
5000
· Carlos Marques-Eastern Extension Telegraph. Co., Ltd.
-5000
Wong Kam Fuk—K, Canton Road, Kowloon
5700
E. da Rocha Shewan, Tomes & Co.. St. George's Building 5000
C. G. Harrison-S. Moutrie & Co., Ltd...
5600
Mrs. Barton-3. Pratt Building. Kowloon
5600
R. A. Cooper-N., Lazarus Opticfans. 12. Queen's Road C. 5600
R. Dreyer-Shewap. Tomes & Co.. St. George's Building Mrs. GR. Hayward-Pokfulun
5000
Miss R. Murray-Mac's Cafeteria
W. G. Goggin-Bank Linë, Ltd., King's Building.
$600
Miss Annie Tollan-20. Nathan Road
Fung Man Sui–Bank of Canton
5000 5000 5000
5600
Miss Williams-co. Thos, Cook & Son
Mrs. A. H. 'Lay—Unión Building
5000
5550
Mrs. P. Clem-China Light & Power Co., Ltd.
J. L. Litton-Benjamin & Potts, 31, Queen's Road Central
5000
5550
Jehn Mackenzie-J. F. Grose & Co...6. Des Voeux Road
J. S. Gozdar-Lugard Hall, Hongkong University
5000
5300
K. K. Kwan-St. John's Hall
Miss Alice Lau-Plans, Ltd., Asiatic Buliding
5500
Ernest, Zimmern-Morrison Hall
5000 5000
F. G. Wheeler-Wharf & Godown Co.
5400
Mrs. Eliss-Tantallon Terrace, Kowloon Dock
5400
M. P. Remedios Eastern-Extension Telegraph-Co., Ltd. - 5000.- Li Cho Chi-Ho Hong Bank. Queen's Road Central
5000
Mrs. Hazeland—10, Queen's Gardens
5400
L. G. Rozario-Pacific Mall S.S. Co.. Queen's Building.
5000
Aliss C.Angus-Johnson Stokes & Master.
5400,
L. Costa-Standard Oil Co. of N.Y., Unign Buildings.
A. S. Cousland-Alex Ross & Co., 4. Quech's Road Central
5000
8400
Mrs. Day-Hongkong University
Miss M. Santos-Hongkong Tramway Co., Ltd.
5000
5350
Miss Molly Groundwater-Dioresan Girls' School, Kowloon
A. Cheung-Mercury Garige. Des Voeux Road
5000
5350
Madame Flint-China Building. 'Queen's Road
Miss P. Ogilvie-Victoria House, Kowloon
5000
5350
Harold Seth-Himly & Co., Des Voeux Road
5000
Miss Viclet Chan-Government Civil Hospital
33501
Edith H. Kee--260, Queen's Road
T. Bennett-Kowloon Tong ..
5000
6350
O. B. Raven-Architect, Raven & Basto, Des Vœux Road. 5000
Mrs C. T. Rowe-2. Observatory Villas
5300
Miss Alive La337, Robinson Road
Miss V. Capell-Torres Building, Kowloon J.
5000*
5250
H. J. Silva-Dodwell & Co.. Ltd.
5000
4. Boni-Gantle, Price & Co.
5250
Dr. John Fenton-Lugard Hall. Hongkong University, a.
H. Piercy-Insurance Dept., Jardine, Matheson & Co.
5000
5250
Mrs. S.. Alderman S. Moutria & Co.
5000
Miss D. Witchell-Cox's Path. Kowloon
5250
G. E. Wetton-Skott & Co., Ice House Street.
5000
Miss Charlotte Bearwolf-Happy Valley
5250
E. G. Stewart-St. Paul's College
5000
Miss Kathleen' Grase-55, Conduit Road
5250
A. C. Greaves-4. Excelsior Terrace
5250
Miss Mabel Gittins-Union Trading Co., Prince's Building "5200
D. E. de Sousa-Dodwell & Co., Ltd., 2. Queen's Building. 5000 Miss R. Mow Fung-Gilman & Co., Ltd.
5000
G. W. Avenell-Lane, Crawford '.
5200
"Madame Kelvey-Kowloon Hotel.
5200
E. J. de Pigaviretio-Hughes & Hough
5200
F. Thomason-H.K. Canton & Macao Steamboat Co., Ltd., 5000 C. Alves-Mercantile Bank Building, Queen's Road... 5000 B. Randali-Benjamin & Potts: 11. Queen's Road Central Mrs.. Pasco-Brewer & Co., Pedder Street
.
5000
.5000
Mrs. Bannerman-itongkang Electric, Co, Ltd,
5200
Prof. W. Brown-Hongkong University
C. Fulcher-Moxon & Taylor
5000
5200
Bai Yim-Hongkong Hotel.
5200
Miss Aqu Pépperell-Equitable Eastern Banking Corp..
Mrs. Pryde-Government Quarters. Wong-nei-chong Rd. 5000 Seu Kon Chi-Bank of China Building...
5000
5200
W. J. Howard-Canadian Pacife $18, Co.
5200
A. L. Terry--China & Japan Telephone Co.Ltd.
5000
Dr. K. 8. Cheah–254. Morrison Hill Road
5200"
Mrs. Harris Walker-Basilea. Lyttleton Road
Apk, Wheeler-e o Thos. Cook & Son
H. Lamb TArthur. Ltd., Des Voeux Road,
5000 5000
5150
JAM. Jack-Dairy Farm Co., Ltd.`. A.
Mrs. Normington-Whitefield, Causeway Bay
5150
Miss Chon---5. Brandwood Road
5000
W. L. Wilkinson--H:R. Länd Investment & Agency Co...
5150
W..T: GRndinuing-Hongkong Tramway Co., Ltd...
C. Rumjahn-Bank of China.Building
5000
*5150
Miss Carvalho-Dodwell & Co., Ltd., 2. Queen's Road)
5000
M.I.. Gill-Asiatic Petroleura C., Asiatic Building..
5150
· Miss Sourù-Lyenan Villas, Kowloon...........
Mrs. Paul Laing—Orient Buildings, Kowloon
5100
V. E. Kerley-Hongkong Electric Co., Ltd.
5000
JJohnstone-Douglas S.S.Co.,Ltd......
5000
"Mis," "CzStratfora--China Light & Power Co., Ltd,
5100.
G. Zimmern-Carroll. Bros., Ice House Street
5000
5100
T. Williams-Thon: Cook & Son, Ltd. :
5000
F. F. Res da Silva-D. Sassoon & Co., Ltd,
5100
Geo. Edwards-United Asbestos OfRntal Agency. Ltd..
5000
„D,. McWhirter-Dairy Farm Co., Ltd.
6100
Miss Meadows-Public Works Departments
5100
E. Mow Fung-Dey A. Wing, Dex Vieux Road
5000
Mrs, Burford--1. Cox's Path. Kowloon
5100
Mrs. Davies-10. Wonguei-chong Road,
5000"
Miss Bain--Hongkong Hotel
-5300
Mrs. A. J. Martin-Nathan House. Kowloosi
5000
J. Smith-Kowloon Railway"
5000
Miss Bliss-1.K., fantur & Marto Steamboat Co.
6100
Mrs. H. M. Spit-Java Line
5000
Mry. Stiliad Moreton Terrace, Causeway Bay
5100
1. 1. Stainfield—3lustard & Co.
5300
E. Pepperell W. G. Humphreys & Col
5000
Mrs. A. M. G. Sturk-e o Harry. Wicking & Co.
5100
Mrs. Kitchell 34, Leighton Hill Road
5000
Lady Pollnek-The Peak .......
$5100
S. A. Lopes-Hongkong Tramway Co., Ltd.
5000
Miss Jennings-294. Kennedy Road ..
5000
E. H. O'Farrell-Whaựt & Guddown Co.
5050"
A. Bribeäts-Victoria Printing Press, D'Aguilar Street..
5050 "
Mrs. Y. P. Law-18. Arbuthnot Road
5000
Mrs. C. J. Roc-2. Observatory Villas, Kowloon
5000
Mrs. Baliton-33. Humphreys Building, Kowloon
5050
Mrs. Westlake-Volunteer Headquarters
5050
G. Harper-Queen's Dispensary
5050
Mrs. T. F. O'Sullivan-4, Railway Terrace, Kowloon Mrs. T. Shand-Shaukiwan Road ....
5000
5000.
Mrs. Parsons-2, Broadwood Terrace
5000
I. Abløtt-Anzac House, Kowloon
5050
Mrs. Purden-84, Caine Road
5000
F. Mutall-Europe-Asia Trading Co., Ltd., China Bldg..
6050
JT. Thirlwell-Taikon Docks ...
5050
Miss G. Ramsay-8, Highburn Terrace, Kowloon Docks..
5000
C. A. Franco-Hongkong Electric Co.,Ltd.
5050
-Mrs. G. Rapp-Humphreys Estate Co., Ltd.
5000
Charles Henry Cotton-Hongkong Hotel
5050
Mrs. Steel Shewan, Tomes & Co.
6000
Mrs. Fenton-82, Bonham Road.
Miss M. Kent-Lane, Crawford, Ltd.
A. McKirdy-V.R.C
E.II. R. Mitchell-Bradley & Co., Ltd.,
W. K. Reynolds-City Hall
5050
J. Havercamp-Transmarine Trading Co.. York Building.
5000
5050
A. T. Stubby-Gibb, Livingston & Co.
5000
5050
J. W. Faulkner-General Electric Co., Queen's Building.
5000
5050
6050
Sir Claud Severn-"Tanderagee"
5050
D, Harvey-Asbestos, Co., 2. Queen's Building.. Lau Mok Lin-Hongkong Furniture Co., Queen's Road J. P. Bourne-Hongkong, Hotel
5000
5000.
5000
Mrs. Bevan-Leighton Hill Road
5050
A. P. F. Prew-University of Hongkong
5050
S. Gonella-Architect. 83. Queen's Road Central, W. R. Wilkinson-Hongkong Land Investment Co.
.5000
5000
difference..
Miss C. Botelho-Peninsula Store, Basement K'loon Store. 5060
C. B. Riggs-Holt's Wharf. Kowloon ......
5000
Mrs, Clarke Atkinson-Kowloon Docks,...
5050
J. Ormiston-Holyoak & Massey Co., Ltd.
5000
We propose to pay a final dividend of $2 and
Mr. Alec B. Allan-H.M. Naval Yard
5050
Mrs. F Duckworth-Hongkong Electric Co., Ltd. C. F. Vas-Eastern Extension Telegraph Co., Ltd.
5000
Bonus of $2.50 per
5000
share absorbing
Mr. D. C. Baptista-Peninsular Auction Room
5050
Beatrice Souza-Mac's Cafeteria
5060
Mrs. L. de Rome-Hongkong Electric Co., Ltd.
5000
Mr. Hineman-Kowloon Docks...
5050
W. K. Davies-17. Robinson Road
5050
C. W. Somers-Eastern Extension Telegraph Co. Mrs. V. Sorby-Hongkong Electric Co., Ltd.
5000
5000
Pay a Bonus to Staff of Place
to Reserve Account 4-4
E. Zimmerman-Morrison Hall, Hongkong University,
5050
Mrs. S. Longfield-Hongkong Electric Co., Ltd.
5000
T. S. Evan-20, Caine Road
5000
"Miss Evelyn Castro--21, Caine Road
5050
M. Rafeek-0.5.K. Co.
5050
Rev. Quick-St. Stephen's College
5000
C. C. Stark-Vacuum. Oil Co.
5050
Miss R. Shen-H.K., Canton & Macao Steamboat Co.
5000
E. E. Ellis-Ellis' & Co.
5050
A. G. Sulliad-B.A.T.
5000
Ju Tak Chung-Clark & Iu, Des Vœux, Road.
5000
J. T. Bridger-Commercial Union. Așt. Co., Queen's Bldg. 5000
PRICE OF BREAD.
W. R. Buckberrough--C.P.R. (..
5000
approached by a "China representative.
W. A. Dowley-4a, Des Voeux Road
.5000
Mrs. P. F. Mills-Butterfield & Swire .....
5000
CH-Donnithorne China Light & Power Co., Kondoan
5000
"REDUCTION POSSIBLE IN
A FEW WEEKS.
S. E. Green-Lepack Co., Queen's Road Centrál
5000
J. A. Tarrant-A. S. Watson & Co., Ltd.
5000
B. L. Frost-Eastern Extension Telegraph
5000
J. Smith-Dairy Farm Co., Ltd: 1.
5000
'N, M. Currie-Davie Boag Co., Ltd., 48, Des Voeux Road. 5000
G. A. Harriman-Ice House Street
C. L. Farmer-Douglas S.S, Co.,
5000 5000
immediate reduction in the price of broad in Hongkong, according
10 Mr. D. M. Goodall, who was
And Carry Forward
From NEW YORK.
EE Motor Vosso!
"CEDARBANK" Four lots of Crown land were having arrived, Consigness of Cargo by $1080,00.09 ulit at an auction at the Volunteer her are informed that all Goods are 8,000.00 Headquarters yesterday afternoon, being landed at their risk into the
and aroused keen competition bazardous
A Total of $2,861,124.38 and I trust that these proposals will meet with your entire approval.
I now beg to propose the adop- tion of the report and accounts as Mail" presented, and after this has been duly seconded I shall be glad to The reason for this is that stocks answer to the best of my ability, are held which were brought at any questions Shareholders may the high price but if the lower wish to put. | prices are maintained there is
The sudden break in wheat every reason to believe that a
and/or extra-hazardun hetween two parties. The property Godowns of the Hoogkong & Kowloon an area of 1,860 sure feet Wharf & Godown Co., Ltd., whence is situated at Ka Pui Black.delivery may be obtained.
No Claims will be admitted after the Kowloon The upwet price was $2,700, It steadily rose by small Gonda have left the Godowns, and all bids to $4,555, ut which price the Goods remaining undelivered after 18th land was knocked down to Mr. February 1925, will be subject to rent. Cheng In-tong.
All Claims against the steamer must Three other lots at Trun Wan be presented to the Undersigned on or were next sold, in each case at the before 23rd February 1925, or they
will not be recognized. upset price.
The sales resulted :-
All broken, ebafod and damaged Tun Wan Inland Lot No. & Goods are to be left in the Godowo
•(4),(NX)-square-feetis pureloverwhere they will be examined on 16th A Proud Record
Mrs. Bang Haw; price $600;
February, 1925, at, 10 sim. Mr. S. B. Deacon secording said
Tsun Wan Inland Lot No. 9 No Fire Insurance has beari effected." prices is not likely to lead to a reduction will be made in a few "It is easy for any constant (87;800 square feet); purchaser,| Bill of Lading will be countersigned.
shareholder to say that he seconds Mr. Edgar L. Yung: prive $740. On February I. the price of all a report like this with pleasure, for kinds of bread. In Hongkong was the report is, all in all, about the (26,000 square feet); purchaser,
Taun Wan Inlund Lot No. 10 THE BANK LINE, LIMITED.
General Agents. raised by two cents a lb.
best in the history of the Company. Mr. Ng Si-chi; price $082.
Hangong, 10th February, 1935.
weeks'dme.
THE CHINA MAIL.
Votes.
6000
5000"
HONGKONG. LANDS.
(Continued, from page 1.
CRICKET:
SOME TEAMS FOR SATURDAY.
It shows an extraordinary stable position on what looks like prov ing to be the end of the activity which has prevailed in the local property market for the last would therefore be very detri few years. For the first ten years mental to the interests of the Company operated on a capital the Company to consider
dis of two and a half millions and for ed to play for the Civil Service The following have been select- tributing by way of dividend and the past 24 on one of five millions; Cricket Club in a First Division bonus the whole of this money, to-day its assets are conservatively League match against the Royal as it would seriously affect the valued at eleven million dollars Artillery on the Civil Service Club ground, commenclag at 2 p.m.,
from
Ørst to last
bave
future earning capacity of the so that Company, and I think you will the shareholders wil! agree that it is very desirable for a some sixteen million dollars dist on Saturday:- Company like ours to maintain as ributed amongst them if the divid E. W. Hamilton (Captain) G. R. far as possible an even rate of end and bonus now proposed Sayer, FJ De Rome, B. D. Evans, dividend, and when the result is approved and it doubtless will E. B. Reed, F. H. Holdman, E. C.. 5000justifies it to increase the return to be, as it is the best-in-the history Fincher, F. E. Lawrence, F Bakes, 5000
shareholders by payment of a of the Company. The record is A. R. Sutherland and F. J. Ling. bonus. This is the policy that one of which the senior managing
Umpire: P. T. Lamble. your Directors have followed. Up director might "justly feel proud,
Scorer: W. F. Fincher. to, and including the year 1918, and upon which he should be con we paid a regular dividend of $7 gratulated as heartily as the share. per share, equivalent to 7 per cent. holders congratulate themselves. on the paid-out value of the shares The dividend for subsequent years until 1923 has been as follows
1919 Dividend $8 and Bonus | $5 + $13 = 13% on par value.
1920 Dividend $8 and Bonus $6 1 $144% on par value.
1921 Dividend $9 and
1923 Dividend $10 and
1
The Chairman: If there are no more questions will put it to the meeting that the report and balance sheet be adopted.
Managing Directors' Fees
The following have been select-- ed to represent the Civil Service Cricket Club "A" in a friendly match against the East Surreys on the Army ground, Happy Valley, commencing at 2 p.m. on Saturday;-
J. H. B. Nihill (Captain), W. H. Mr. Kelly Sayce: Would you Edmonds, C. F. Alexander, C. H. Bonus please tell me or the share-l Beardall, H. C. Wallington, holders here how you arrive T. D. E. Pendered, F. L. Squibbs, Bonus at the amount $355,593.006 as A. W. Grimmitt, S. B. Spillett, H.
managing directors' fees for 1924 Strange, and C. Sara,
of commission Reserves H. F. Harper, W. and on what account is, it charged? Callip, and H. Westlake.
what
rate
GARRISION RECREATION
CLUB.
MEETING TO-MORROW.
A meeting of the Garrison
1923 Dividend $3 and Bonus at $25 20% on par value. and this year! your Directors Is it on the general sale, interest or are recommending a divid-Frent account? 5000 end and bonus which shows a" Reading from the articles of return of 26 per cent on the par association the Chairman" said: value of the shares. To satisfy Any addition to his share of this the sum of $1,560,000 is re- the remuneration mentioned in quired, whereas the net receipts, Article 95 (4) each of the from rentals, interest, etc., total permanent and managing directors only $737,972.26, a difference of shall be entitled to commission of nearly $922.ero representing nearly $350 per cent. on the net profits Recreation Club will be held to- 50 per cent. of the gain shown on of the "company for each current morrow (Wednesday) in the Com- sales of properties $1.874.683.20 year in which such net profits mand Referee Library. Unite Bearing in mind the fact that on amount to 7 per cent on the paid are asked to send representatives." the sale of a property, only 25-30 up capital and to commission of $5 per cent. is collected in cash, per cent on such net profits for the balance remaining on mort each current year in which they gages, you will no doubt agree amount to $10 per cent or upwards that your Directors are making on the paid up capital. -14 you the largest return possible consistent in safegarding the
Mr. Sayce. : What are the
The qualifying round of the Company's position, and at the directors ideas in building up Junior Championship was played same time looking to the future. such a huge profit of seven at Fanling on Sunday. There were In this connection, I may mention millions to the reserve when our 45, entries, but only 34 cards were that no sales of property have been property is worth. I believe, four effected since last August, nor times the book value and when does the present state of the pro- the Wanchai
Reclamation will perty marker suggest that the Com-in three or four years bring in pany will find this a material several more millions? source of profit during the current
The Chairman: The first part twelve months, a factor which musts dealt with in my speech. The not be lost sight of in considering potential profits you refer to win only sixteen scores under 100.
5000.
The Reserve Fund
J
Commission.
'the question of bonus.
The total amount advanced on and you may rest assured that your be dealt with when they arrive, mortgages is now $10,845.73311 directors will treat you with the against last year $8,355.258 11, same prudence and reason as they an increase of approximately have in the past. (Hear hear.) $2,500,000, and against this asser we have deemed it prudent to increase reserve account by Mr. Sayce: Do you get com- $1,000,000. The advantages of mission on all loans and mort carrying forward 3 substantial gages? If so, is it fair to leave this to next year in place of money for the sake of earning allocating the money to special eight per cent, on mortgage and account is obvious, and calls for for the managing directors to reap no particular explanation.
the harvest?
sum
GOLF.
JUNIOR CHAMPIONSHIP.
returned.
Colonel Dobbin had the bast return, a card of 88; J. W. Franks was next with '90, Colonel E. D. Matthews 91, A. Morrison 92, Major Milner Jones and Capt. Joll 93 F, N. Young 94. There were
HOCKEY,
HONGKONG HC. v. NAVY.
The following will represent the Hongkong Hockey Club in their secund match of the Sim Shield Triangular Tournament against the Navy, at 5 pm. at the U.S.R.4. to-morrow (Wednesday):--
P. W. F. MIs, A.A. Daud, A.S. Hett, the Rev. E.W.L Martin, I have gone into this matter The Chairman: The answer to E. J. R. Mitchell (Captain), L. P. somewhat fully, as a few weeks whether the managing direc Ralph, G. R. More. W J.
ago your Directors received ators are entitled to commission Woodward, G. J. Jones, B. L. Sim, letter signed by a number of on interest '00 mortgage and B. D..Evans. shareholders, which suggested is that Interest on mortgage is the that the whole of the profits made same as the rental earned by the by sales of property this year company and show in the profit Should be distributed as a bonus; and loss account.
TO-DAY'S : ADVERTISEMENTS.
TIR HONGKONG · ROPE MANFFACTURING CO., LTD.
THI: "PONTY FIRST-04
POP SHAREHOLDERS in the The Chairman: What is your above t'ompany will be held at St.
The suni of $2,500,000 was men- The second question he took to tioned as being available, whereas mean was was enough made, to the actual figure, as already carry on with? .. mentioned is $1,873.673.20. The Mr. Sayce': The directors' letter received also made mention commission is so much that there of the Priya East Reclamation is not much left for us. By keep- Rights held by the Company asing the money and the eight por being marketable at $4000,000,00. cent. you are not making much for DISARY ANNUAL MEETING Doubless the signatories of this the poor shareholders." letter failed to appreciate the fact that a large portion of the Com-idea of dividend? pany's reclamation rights in the
Genge's Building. Chater Road, Eastern District had been disposed
Victorin, on THURSDAY, the gth. February, 1926, at 11 o'clock of, and to estimate the present day value "of our remaining lots at
a.. for the purpose of receiving a. $4,000,000 is very far from the
Directors Re-elected."
statement of accounts and the re mark, and would require a sale The re-election of the retiring port of the General Managers for figure of something in the weigh directors, Mr. A. S. Gubbay and the year ended 31st. · December, bourhood of $16 per square foot.
the Rev. Father Robert, was pro, 1921 and electing a Consulting Turning to the balance-sheet, posed by Mr. Croucher and Committee and Auditors. you will notice. debentures of seconded by Mr. Arnold.
The Transfer Books of the Com- $1,590,000 taken over from the Messrs. Percy Smith, Seth and any will be closed from Monday.. Central Estate have disappeared. Fleming and Messrs. Linstead and the 16th February, 1925, until These were paid off on May 30 Davis were re-elected auditors, at Thursday, 26th. February, 1926, last, in accordance with the terms a remuneration of $750 each, on both days inclusive.
Mr. Soyce: I haven't any. The Chairm to: The answer then, is in the affirmative.
dividend warrants could be ob The item Accounts Payable"tained at the Company's offices is considerably higher than last tomorrow" year, as represented by the Company's cash position. The Prince's mortgage granted on Buildings, referred to above, ap- provimately accounts for the
D
SHEWAN TOMES & CO.,
General Managers. Hongkong, 7th. February, 1925.
of the sale agreement on Prince's the proposition of Mr. Birkett buildings, the sum being advanced seconded by Mr. Weall.
by this Company on the security The Chairman stated that this of a mortgage on the laiter Build- concluded the business, and ing, expiring in March 1926.
CROWN LAND SALES.
A KEEN BIDDING
KOWLOON PROPERTY.
NOTICE TO CONSIGNEES.. "AMERICAN & ORIENTAL LINE..
FOR
THE
1,000,000.00
773,184.38
by
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