SATURDAY, MARCH 16, 1929.
P. & 0.-British India
Apcar and
Eastern & Australian
Lines
(COMPANIES incorporated in ENGLAND). MAIL AND PASSENGER STEAMERS.
TAKING CARGO FOR
STRAITS, JAVA, BURMA, CEYLON, INDIA, PERSIAN GULF, WEST INDIES, MAURITIUS, EAST AND SOUTII AFRICA, AUSTRALASIA, INCLUDING NEW ZEALAND AND QUEENSLAND PORTS, AND RED SEA, EGYPT, CONSTANTINOPLE, GREECE, LEVANTINE
PORTS, EUROPE, &c.
· PENINSULAR & ORIENTAL FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS. (Under Contract with H.M. Government.)
G. 9.
Толь
From Hong Kong About
*KHYBER
•PADUA
9,114 | 23rd Mar. 5,907 28th Mar.
MALWA
*MIRZAPORE
NALDERA
KARMALA
MANTUA
NAGPORE
10,980 30th Mar. 4,715 1st Api. 16,033 13th Apr. 0,128 2011: Apr. 10.916
27th Apr. 6,283 4th May
I
Destination
Marseillos & London.
dam & Hamburg.
HOTELS CO. BUSES
+
(Continued from Page 1.)
H
Assets
THE CHINA MAKI
Turning to the Balance Sheet, youTM: will notice that on the assets side "Land and Buildings" now stand in round figures at $16,000,000, and on this subject you will be interested to hear that the book value of the company's properties is consider-
ably below present day valuations. To illustrate this, I will cite one. instance, viz., the Majestic Hotel The value property in Shanghal.
of the land in raspect of this pro- perty appears in the books in round' figures at $1,000,000 below the Agure shown by the latest Municipal assocsment relating to that pro- perty.
The increase you will observe In the assets figures under the heading "Furniture and Fixtures," "Ma- and Plant," "Linen, chinery Crockery, Glassware and Plated- ware," are due, in the main, to the equipping of the Peninsula Hotel.
The only other item appearing to call for comment on the assets side to
Reserves
This
KAIPING COAL
HOME,
FACTORY
AND
BUNKERS
FOR ALL PURPORES.
POWER
HOUSE,
TUGS A
LOCOS
THE KAILAN MINING ADMINISTRATION.
Head Ofice: TIENTSIN:
Agents:-DODWELL & CO., LTD., Hong Kong.
state that this new
vonture breaking the Kowloon bus strike. services your company of the balance sheet is "Motor Care, proved a success from t'Inception; For these Coaches and Trucks," which item and the measure of support accord- received the thanks of the Govern- has increased since the 1927 perloded to it bears eloquent teatimony ment, and again the matter of a to the fact that there was a crying regular service through Quein's- by slightly over two lakhs. augmentation is mainly due to the need for what I may term a "de road was touched upon but vetoed luxe bus service through the by the Government for the reasons acquisition of additional motor
previously given, that is to say, buses for the Queen's-roud and central part of the city.
Shareholders will doubtless have that in the Government's considered Felix-villas routes."
read with interest leading articles | opinion the time had not arrived to Turning to the liabilities side and correspondence appearing in warrant a service of that descrip- of the balance sheet you will the local Press during the past few tion.
In 1926, your company was ap- observe that "Land and Buildings" weeks on this subject, and whlist I
been reduced by an am naturally disinclined to make proached by a large property owner Reserve has
This re-any statement possible of con at Pokfulum with a view to amount of $806,187.5-1. Marseilles, London, Antwerp, Rotter- presents the accretion credited to troversial interpretation, I deem it inaugurating a regular service to the account an re-valuation from requisite to trace in brief, the facts Felix-villas via the University, and, time to time of the Remaining relating to the inception and sub-after consideration of the matter, Marine Lot No. 7, 1.e. sequent growth of the bus services auch service was Inaugurated and I think in fact guaranteed against loss by site of the old Hong Kong Hotel operated-very efficiently
a period of North block, which on sale of that I may fairly say-by your Garage the applicant during
three years, but I am pleased to property became transferable to Department. the Realisation Account
state that since the inception of shareholders
of the re- In the year 1918, one of the this service, the support accorded unnecessary any commendations of the Board the enterprises your company had into it rendered
the construction of the recourse in this connection. "Construction and Development" hand was Reserve will stand at $1,000,000 Repulse Bay Hotel, at which time and the "General" Reserve at the motor roads of the Island were $3,000,000, which figures have been, very limited, and in fact the "round- road was then still for the purpose of lucidity, incor- the-island”
under construction-it not being porated in the accounts.
possible to motor further than Little Hong Kong on one side of
Marseilles, London & Hull,
Straits, Colombo & Bombay. Bombay, Marsailles & London. Marseilles & Lorden.
Bombay, Marsellies & Landon. Marseilles, London, Antwerp, Roiter-
dam & Hamburg.
• Cargo only. †Calls Casablanca.
Frequent connection from Port Sald for Passengers and Cargo to Constantinople, Pireaus, Smyrna and other Levant Forts by steamers of the Khedival Mail Steamship Cỏ,
TALMA SANTHIA
TILAWA
BRITISH INDIA-APCAR SAILINGS.
TAKLIWA TAKADA
TALAMBA
10,000 21st Mar.
7,754 17th Apr. 10,000 23rd Apr. 27th Apr. 7,936 6,949 1st May 3,013 17th May
Singapore, Penang & Calcutta. Singapore, Penang & Calcutta Singapore, Penang & Calcutta Singapore, Penang & Calcutta. Singapore, Penang & Calcutta, Singapore, Penang & Calcutta.
B.L. Apcar Line steamers have excellent accommodation for 1st and 2nd class passerigers. All steamers are fitted with wireless and carry a qualified surgeon.
Portion of
Approve
Should
such reduction being due to the income from sale of property, less Payments towards the completion
of the Peninsula Hotel.
EASTERN & AUSTRALIAN SAILINGS (South).mended by the Board.
ST. ALBANS 4,500 29th Mar, ARAFURA
TANDA
ST. ALBANS ARAPURA
6,000 3rd May 6,956 31st May 4,500
5th July 15,000 2nd Aug.
Malla, Sandakot, Thursday Island, the year under review, and ap- Townsville, Brisbane, Sydney &proval of the Board's recommenda- tions will have the effect of con- Melbourne.
siderably strengthening the co- pany's position,
other.
to
In 1918
Chinese Petitions In 1927, this company again approached the Government on the matter of the Queen's-road service, particularly having regard to the fact that the company had been in receipt of petitions from the re-
President Liner
SAILINGS
50.
Weekly Trans-Pacific Service
To San Francisco and Los Angeles,
The Sumahina Helt via Ilanakuki
Postalæbalziriilipiña Pondera
Pres. Lincoln
To Scžnts and Victoria,
The Short,StraightRoutu to A marion
Tomrishly lineda Tosedays
Pres. Jefferson 26th Mar, 10 m.in. ↑ Pres' McKinley 19th Mar. 4.30 am,
Apr. 9th Pres. Grant..........Apr. Zud Apr. 23rd Pres. Cleveland....Apr. 18th May 7th Frez Pierce .... Apr. 30th
Pres. Madison
Pres. Jackson
£120, 112 Spect through tetto Zarope via United States, Direct
connections with all Atlantic Lines. Choice of rail lines stross United States and Canada, liberal stop-over privileges for sight-seeing
P
Europe, and New York Direct
Colombo, Joey Cuant, Alexandria
Pres V. Buren 'May '6th 8 a.. Pres. Hayes May 19th 8 a.m. Pres. Polk June 2nd 8 a.m. To Manila.
ROUND THE WORLD Fortnightly salary on Sunday wie Musils, Scak York and Boston Nagiles, Ostok, Marseilles, New Fres. Johnson.Mar.2ith 8'a.m: Pres, Monroe ..Apr: 7th 8 aizm. Pres, Wilson...Apr. 21st 8 a.20.
Pres. Jefferson (Mar: 166 pm: | Prs. Cleveland Apr. 9th 6 p.m. Pres. Grant...Mar. 28th 6 p.m. Pres. Madison Apr. 13th 6 p.m. Près Lincoln ....Mar. 30th 6 p.m. Prés Pierce Apr. 23rd 6 p.m.
For Bookings, Passenger and Freight Information apply to
12, Pedder Street Coppadte Hong Kong Hotel) Telephone Central 2417, 2478 and 795 Cable Addresa "Dollar"
CANTON BRANCH–No. 4, Sha Kee Street.
Dollar Steamship Line
and
American Mail Line
AUSTRAL - CHINA NAVIGATION CO..
FOR SYDNEY, MELBOURNE AND ADELAIDE VIA
Manila, Hollo, Sandakan, Balikpapan and Rabaul 5.S. "CHRONOS"
........Sells on/or about 4th April. For freight and passages apply to:
DODWELL & CO., LTD., Agents, Queen's Bldg. Tel. C. 1030.
THE KWONG HIP LUNG CO, LTD.
ENGINEERS and SHIPBUILDERS, BOILER MAKERS, BRASS and IRON FOUNDERS. All work done in this establishment is guaranteed. We have over thirty years' experience. We own two Slipways and can accommodate any craft of 200 feet long.
"Loans Secured by Mortgages" four show à reduction of some lakhs vis-a-vis the previous year the Island and Shaukelwan on the sidential Chinese community at each The opening of this road end of this route requesting the traffic synchronised with the company to inaugurate some such In this instance the com- and it became imperative for this pany's request was granted, and, opening of the Repulse Bay Hotel, service.
to find some regular as I have already mentioned, not There appear to be no further company items calling for explanation, and means of transit in order to meet only has the servico in question I trust that shareholders will ap- the public demand for cheap and been inaugurated, but, I am pleased prove of the appropriations recom-expeditious transport between the to say, it is working satisfactorily The City and the South side of the and the support accorded to it has In these circumstances, beon such as to make necessary for financial situation does not warrant Island. the distribution of a dividend for your Managing Director approached your. Board in the course of the the local concerns engaged in that next few months to materially in- of vehicles on particular class of business, but. I crease the number regret to say he received very the route.
Reserves Augmented slight encouragement notwithstand- ing the fact that your company was It is a matter of regret to your at that time prepared to subsidise Board that they are not in a post-i With regard to the disposal of such companies against a loss on tion to recommend a distribution of the working of the the old Hong Kong Hotel site working covering reasonable in respect (North block) and No. 16, Des period-It being understood that in past year, but I may say that the now to have Vœux-road, your Board gave care the early stages at least a motor company ful consideration to the matter of bus service would not prove pro- weathered the difficulties of the The Union S.S. Company's steamers to the United Kingdom vla New developing these sites, and financial fitable. Despite all efforts in this past four years, and, as a result of
was forth the continuous augmentation of accounts for the financial year facilities
for re-direction, no support were available construction purposes-but, in coming, and it therefore became its reserves, is in a strong post-ended Dec. 31, 1928, as presented, view of all the circumstances, your necessary for this company to fu- tion to-day. With the opening of be adopted, and that the following own motor-bus and the Peninsula Hotel heavy capital appropriations recommended by Beard decided to dispose of the augurate its property. It was considered that motor-car service, and six buses payments cease, and the cash your directors, as incorporated in
of the on the opening of the Peninsula were ordared and arrived In the revenue
company being the balance sheet,, be carried into
The Harbour Department is to comsiderable, a material reduction effect, namely: Transfer to Gen- have a new single screw teakwood Hotel, Kowloon, the company would Colony on Jan. 26, 1922. be in possession of an up-to-date
in the indebtedness to our bankers eral Reserve $1,000,000; Transfer launch of the following, dimen In the first instance (In February should not be a matter of great to Construction and Development glons-length 52 feet b.p.; catablishment replete with all the
Consequently I have Reserve $200,000; Carry forward breadth 11 feet; depth & feet 3 most modern conveniences offering and March of that year) the con- difficulty. a superlative degree of comfort to pany ran a service from the Hong every hope that the company will to next account $175,510.47; and I inches to be propelled by intern- The financial lock-up" Kong Hotel to the race course and revert to a dividend distributing shall be obliged if a shareholder al combustion engines of 90-100 guests,
regular basla in the near future.
will kindly second such proposal.bhp. in land alone-In connection with subsequently took up a
Regular monthly sallings from Hong Kong to Japan and Hong Kong to Australia.
The E. & A. SS. Co., Ltd, steamers will also call at Shanghai, Iloilo, Cebu, Kolambugan, Tawac, Timor, Darwin, or other porta en route as in ducement offers.
Frequent connections from Australia with the following:-
Zenband, Vancouver, San Francisco, etc.
The P. & O. Royal Mail steamers to London via Suez Canal.
The P. & O. Branch Service of steamers to Londen via the Cape. The New Zealand Shipping Company's steamers for Southampton and London via Panama Canal
SAILINGS TO SHANGHAI & JAPAN.
7,764 21st Mar. 0.128 22nd Mar. 6,273 23rd Mar, 6.252 25th Mar, 10,945
KIDDERPORE $334
31st
SANTHIA KARMALA
*ALIPORE
*LAHORE
MANTUA
TILAWA
TAKLIWA
ARAFURA TAKADA *JEYPORE KALYAN MOREA
10,000 7,035 10,948 6.940
29th Mar. 30th Mar, 31st Mar.
10th
TANDA
PERIM
DELTA
9th
Amoy, Moji, Kobe, Y'hama & Osaka. Shanghai, Mojl, Kobe & Yokohama. Shanghai, Moji & Kobe.
Shanghai, Moji, Kobe & Yokohama. Shanghai, Moji, Kobe & Yokohama. Moll & Kobe.
Amoy, Shal, Maji, Kobe & Osaka. Mar. Amoy, Mojl, Kobe, Thama & Osaka. Apr. Moll, Kobe, Osaka & Yokohama,
Amoy, Moji, Kobe & Osaka, Shanghai, Mojl, Kobe & Yokohama. Shanghai, Mojl, Kobo & Yokohama, S', Moji, Kolo & Y'hams. Moll, Kobe, Osaka & Yokohama. Shanghai, Moll, Kobe & Yokohama. Shanghai, Moji, Kobe & Yokohama,
Apr. 5,318 11th Apr. 9,144 12th Apr. 10,953 26th Apr. 0,950 7th May 7,048 9th May 8,097 10th
* Cargo only.
May
All dates are approximate and subject to alteration without notice. WIRELESS TÉLEGRAPHY FITTED ON ALL STEAMERS.
Passengers for Rangood must defray their own Hotel expenses at Blagapore while awaiting the on-carrying steamer,
All Cabins are fitted with Electric Fans free of charge. Steamers on London and Australian Lines are fitted with Laundries.
Parcele measuring not more than 24 ft. x ft.x1 ft. will be received at the Company's Office up to Noon on the day previous to sailing.
For further Information, Passages, Freight, Handbooks, etc., apply to MACKINNON, MACKENZIE & CO. P. & 0. Building, Connaught Rd, C., Hong Kong, y Agents.
Hong Kong Hotel
a reconstructed hotel on the old service
During the Strike
to
via
Bay Repulse
appears
Town Office: 64, Connaught Road Central, Hong Kong, Tal. Central No. 489, Bblpyard: Sham-Sul-Po, Kowloon, Hong Kong. Tel. Kowloon No. 9. Estimates furnished on application.
Hong Kong, April 1, 1924.
NEW LAUNCH
HARBOUR DEPARTMENT
DESIGN
I now formally propose that thewhereupon question as to the reportBither full Diesel or semi-
Diesel machinery will be used. Hong Kong Hotel site (North Pokfuium. Later, in the year report of the directors and the and accounts may be raised.
block) would
heavily milliate 1923, your company was in touch against the erection of an establish with the Government with a view a concession for un ment capable of comparison with to obtaining the Peninsula Kole). Moreover extension of their motor bus service the South block-containing the from Happy Valley to Kennedy Little encouragement was present ong Kong Hotel-ap- Town.
Peninsula Hotel
pears adequate to cope with the received owing to the fact that the volume and class of patronage its Government were of the opinion, centralised location attracts. that the time had not then arrived for the institution of a service of
description. In 1924 It is unnecessary for me to enter this. into a lengthy dissertation on the Stubbe-road being then under con- merits of the Peninsula Hotel, as struction your company approach- shareholders and the general public ed the Government with a view to to run ita have had adequate opportunity. of obtaining permission gaining first-hand Information by buses via this road to Repulse Bay, visiting that establishment. Re- and again brought up the subject garding the financial benefits to be of the Queen's road route, and derived from this Hotel, I am whilst the latter, suggestion was not pleased to inform you that the entertained (for the same reason measure of patronage accorded as previoudly given) nevertheless, thereto. is very gratifying, and in the General Strike of 1926-tha endorses the action of your Board Tramways in common with other in embarking upon a project which services being dislocated (in fact establishment capable of fuldlling to the Police Authorities having the requirements of the most notified the Tramways Co. of the, exacting, and of handling-the heavy possibility of riots taking place if the volume of transient traffic carried tram service were continued) - by the passenger steamers which, this company ran a regular service virtually, berth at its door-way! between Blake Pler and Happy Automotive Transport --- Valley via Queen's-road East, thus giving facilities to the community in those particular districts,
Government's Thanks
NEW YORK, BOSTON & BALTIMORE, gives the Colony an up-to-date there were no trans running owing
JOINT SERVICE OF THE
"BLUE FUNNEL" LINE. (OCEAN SS. CO., LTD. & CHINA MUTUAL 8.8, CO., LTD.),
AND
AMERICAN & MANCHURIAN LINE
(ELLERMAN & BUCKNALL 8.8. CO., Li
SAILINGS FROM HONG KONG.:
6.8. "UITY OF DUNKIRK"
S.B. "LAOMEDON?
8.B. "RHEXENOR"
8.8. "CITY OF LILLESANA
Vi Bumi Canalfiji.
Via Suez Canal
Via Sues Canal,
Via Snes Canal:
18th March 10th April
8th Maya 17th May
Steamers proceed via Suez Canal or Panama Canal at Owners' Option
Bubject to change without notice,
Amor Fraight and start BUTTERFIELD & SWIRE T THE
Gantom - FARDINES
I am pleased to be able to state that, during the year under review, your company was successful in obtaining concession for the ex tension of its motor-bus services of through; Queen's road" from Tai Hang Village, to Kennedy Town Although this service was initiated In the begi kuing of the quarter fra of the year un
not pinay time service
urti
ANK LINE LTD., Hong Kong.
resumption general
THE HONGKONG & WHAMPOA DOCK CO., LTD.
TELEGRAPHIC ADDRESS. “MANIFESTO " HONGKONG.
Codes Used : AI, A.B.C. Fifth Edition;. Engineering: First and Second Edition 1.
Western Union and Watkins," "^
DOCK OWNERS, SHIP BUILDERS, MARINE AND LAND ENGINEERS, BOILER
MAKERS; IRON, STEEL, AND BRASS FOUNDERS, FORGE MASTERS,
· ELECTRICIANS.
Twin Ser
แ
Hods Kor
quiries
Steamer "ELIZABETH," bullt und engined by The
& Whampoa Dock Co, Ltd. for the Federated Malay
for service between Penang and Prat
DIER, B.SC. M