13
THURSDAY, JULY 18, 1929.
DODGE
BROTHERS
NEW SIX
ROADSTERS and
SOUTH
SEDANS
NEW SENIOR LANDAU SEDAN.
NOW ON VIEW
CHINA MOTOR CAR CO.
33. Des Voeux Rond. Central,
Telephone C. 5644,
PROFITS DOWN
OUTLAY OF THE AUSTIŃ COMPANY
THE CHINA MAIL,
FAMOUS FAMILY
GENERAL MOTORS FAMILY AND THEIR FRIENDS
who owns General Motors?"
The question is frequently asked,
A reduction in gross profits is re- ported by the Austin Motor Co., the total for the Afteen months ended December 31 last, being £861,300; this
General Motors is really owned figure compares with £062,477 for only by the public for there are now ap- velve months, the accounts for the pre-proximately 100,000 stockholders. ious period being made up to Sep-Our employees have many thousands tember 30, 1927..
of shares which they have received through the several stock-participat- ing plans sponsored by General Motors. Our preferred stock, which is highly recommended as an invest- ment, was bought by 3,057 em- ployees this year under the terms of} a special subscription offer which was open to all employees.
The "Wall Street Journal" recent- The half-year's interest on Mortgage Debentures, half year'sly had a timely article
on this dividend on the 7 per cent. subject, part of which follows: Preference shares, and 34 fur- There has been a spectacular ther one year's Arterys un the gain in the number of common General Motors
The credit balance as at September, 1927, was £115,639, but after, allowing $105,000 for Preference dividend pay ments, the actual amount brought in wae £10,830, so that the amount now available is £871,939. Debenture in terest takes £115,800, £52,950 goes to the sinking fund reserve, and £50,000 to income-tax account.
Heavy Payments
First
6 per cent. "B" Preference shares will shareholders of
be paid on July I next, bringing pay-Corporation since November last, ment up to June 30, 1921, amounting to 128.220 gross. The amount to go
orward is £59,664.
The report draws attention to the inet that from September 30, 1927, to December 31, 1928, the company paid cut in cash- Preference dividends, includ-
ing arrears, net Debenture interest, one and
half years, net
£299,000
105,339
when the plan for splitting the stock on a 22-far basis was announced. As of February 16, the number of stockholders increased to 82,415, exceeding any previous record by more than 30,000. Never before in the corporation's history has the number of common stockholders been much in excess of 50,000. In
VALVE-IN-HEAD
They got behind the wheel
got the facts
and bought Buicks!
"The new Buick out-per- forms any car I have
ever driven."
Mr. W. H. K., Shorewood, Wis (name upon request)
This enthusiastic comment merely typifies that of thousands who have turned to Buick after making their own exacting tests,
Be sure to drive a Buick before buying. The more careful your comparisons, the more inevitably will they lead you to Buick!‹ The liberal G. M. A. C. Time Payment Plan makes it easy for you to own a Buick. BUICK MOTOR COMPANY, FLINT, MICH Division of General Motors Corporation
CROSLEY RADIOS
THE NEW A C ELECTRIC 7 TUBE
GEMBOX
OPERATES 200 VOLT 50/50 CYCLE COMPLETE WITH DYNACONE “F”
H.K.$286.00
Come and have a demonstration at
THE SUNLIGHT CO.
137, Des Voeux Rd., C. Distributora for Hong Kong & South China: THE ASIATIC AMERICAN COMPANY 48, Stanley Street. Tel. C. 244.
RADIO SUPPLIES. Electric Gramophones
& Motors
Tone Arms and Sound Boxes. Super Elto Outboard Motors.
RUDOLF WOLFF & KEW, LIMITED,
1st floor.
54, Queen's Road. Central,
Tel C. 2173.
Motor Cyclist Attacks. Records
Income-tax, assessments 1926-
7 and 1927-28
Total
115,512
£519,851
To reduce manufacturing costs and thereby meet the severe and increas- ing competition, the company has ex- pended on new buildings, plant and equipment during the period £578,070, and has provided for the cancellation of Debentures £52,950, 22 total of £1,149,471.
less than three months, however. 34,246 names have been added to the list, and the latest total com- pares with 48,169 on November 24, 1928, a gain of 71 per cent.
"This large gain is a significant one as it is a tangible indication of the extent to which the public has been buying sound Industrial securities recently.
Approximately 7,000 additional Although the expenditure of #576,676|tion of shares to employees under names were added through distribu- was incurred during the period, the full benefits of this outlay will not be obtained until the current year.
Selling Prices Substantial reductions in selling prices were made in August, 1927, and August, 1928, which enabled the com- pany to hold the markets at home and abroad in face of severe competition, and as showing the extent of the effort that has been made in this direction the selling prices of their cars have been reduced, after taking into consideration extra equipment added, by proximately 60 per cent. during the
Inst seven years.
The programme drawn up for 1928 was 50 per cent. larger than that of the previous year, and for the first two montha (October and November, 1927) this rate of turnover was accomplished in the home market, but owing to causes outside the company's control it could not be maintained, the increase for the fifteen months being 19 per cent. compared with the preceding similar period This reduced turnover in re lation to the programme seriously affected the profits earned. The de- mand for the company's products con- tinues satisfactory.
PONTIAC
LANE, CRAWFORD, LTD. Automobile Dept. C.3193.
the corporation's employess owner- ship plan, but the great majority of the new stockholders represented public buying, taking General Motors out of the market in small lots through purchase for invest- ment."
ОБЕ
DRAGON MōtōR CAR COMPANY LTD,
33, Wong Nei Chung Road, Happy Valley
WHEN BETTER AUTOMOBILES ARE BUILT...BUICK WILL BUILD THEM.
It is a V-type Eight with Body by Fisher, and the three popular models now on display are each listed at $1,595. Made by Oldsmobile, sold The Adam Opel Company in by Oldsmobile dealers, the new Russelheim, Germany has become Viking will be-a companion car to associated with General Motors, the successful Oldsmobile Six. Opel, the most popular German car,
as well as other Opel products, are
made at Russelheimi.
Motors & Aviation
As early as 1926 General Motors:
/Here's
Love's the TYRE you've
saw the coming demand for a fine been looking for.
eight-cylinder automobile of General Motors quality which could be sold
it's setting
MILEAGE
General. Motors is to have an at a moderate price. The men who new records for interest in the new Bendix Aviation | started to design such a car had our Corporation and will turn in to it engineering staff, Research Labora- valuable rights in the aviation tories, and Proving Ground at their accessory field and rights in connec- disposal. tion with other devices. The recently
Pursuing the General Motors formed company combines several policy of approaching a problem outstanding aviation accessory with an open mind, all types of units, including Delco Aviation, a eight-cylinder automobiles were de- member of the General Motors signed, built, and given rigorous Family.
THE VIKING
JOINS GENERAL MOTORS FAMILY
The Viking, a new General Motors product, has taken its place in our family of cars for every purse and purpose."
(Continued on Next Column.)
tests. Every idea was given every chance to prove its superiority and the one which won was chosen. The outstanding engine was the V-type.
And when the basic design was selected, finished cars were run month after month over the speed loop, the hills, and rough roads at į the Proving Ground, with instru ments of uncanny accuracy regis tering every degree and shade of performance.
During the past year and a half
FISK
RUGGED ALL-CORD
The finest TYRE ever made by
FISK, giving the utmost in
safe traction, good looks, long
life and remarkable value.
AUTO
ACCESSORIES
THE REPUBLIC MOTOR CO. OF CHINA.
30-32 Des Voeux Rd. CK
Spare Parts
Batteries,
Electric.
OBTAINABLE AT ALL GARAGES UPON REQUEST.
DISTRIBUTORS :
GILMAN & CO.
HONG KONG BANK BUILDING. Tel. C. 290-4A, Des Voeux Rd. C.
instantly killed. The burning car which Keech drove as shown here above. The wrecked car at night was driven by Cliff Woodbary, one of the two men who were in the crash and were seriously injured
Ray Keech, inset, veteran speed driver and winner of the Indianapolis 500-mile race, vas one of the four racers who crashed at the east Turnfjust as the cars passed the 100-mile mark in the 200-mile race as Altoona, Pa. Keech was leading when the disaster occurred and was bes
870,030 square feet of floor space features found before in only the have been added to the Oldsmobile cars selling for $2,000 and more.” plant and some of the new buildings The new Viking, whose heritage will be used exclusively for the is the sturdy qualities of its name- manufacture of the Viking. In one, sake, is welcomed into the General the engines will be made and this Motors Family to do its part in has been equipped with a product serving the public and earning its tion lay out that represents the peak good will.
of efficiency: Other departments have been enlarged and a ver assembly line ** installed for the Viking.
What is Your Average Run?
A have the other General When touring, what is your Motors ears, the originality of the average daily mileage?" was the new Viking will establish a style of question recently asked of its mem car design. The body and its ap-bers by the American Automobile pointments are distinctly pleasing Association Thirty per cent. stated in appearance and the engine is of that 200 miles was their average, the same principle which has proved daily run. Then came 250 miles a so satisfactory to thousands of day by 20 per cent, 300 miles a day Cadillac and La Salle owners, Parby 16 per cent, and 150 miles a day haps the most impressive thing by 16 per cent. The average dally about the new Viking is that it has run was 234 miles, as compared with a type of power plant and other 100 miles a day in 1919.